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@theMarket: Markets Grind Ever Higher

By Bill Schmick 04:19PM / Friday July 02, 2021 The S&P 500 Index is up 14 percent so far this year. Most other averages have similar double-digit gains. July is normally a fairly positive month (in general) for equities.  Does that mean we can expect equities to continue their bull run through the summer?   It certainly looks that way. Any pullbacks in stocks will likely be met by dip buyers. That could limit declines to a manageable level. A sustained rise in interest rates will likely wait until investors know with certainty the Fed s next move. The thinking is that there will be an announcement on tapering bond purchases, which may not happen until August, or September, if then.

Why AMD Stock Popped Today | The Motley Fool

  So what On Tuesday, Wells Fargo analyst Aaron Rakers reiterated his overweight rating on the chipmaker s stock. He argued that rival Intel s (NASDAQ:INTC) production delays for its most advanced chips are an opportunity for AMD to continue to gain share in the massive server market. Wall Street is growing more bullish on Advanced Micro Devices stock. Image source: Getty Images. Today, Bank of America analyst Vivek Arya also repeated his buy rating on AMD s shares. Arya believes the bears are overstating the competitive risks posed by rival chipmakers. Moreover, with AMD underperforming both the S&P 500 and the PHLX Semiconductor Sector Index so far in 2021, he posits that its stock price has catch-up potential in the year ahead.

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