Heavy call buying was detected in both AAPL and AMD stocks on November 1, 2019.

Download the AMD options flow here, and the AAPL options flow here.

Needham analyst Laura Martin raised her price target on Apple to $280 and kept her Strong Buy rating after its better than expected Q4 results. The analyst is positive on the company’s competitive position, its “marketing multiplier”, and its “growing utility” with the focus on pay, card, and health businesses along with its new arcade, news, and TV services. Martin adds that bundling its offerings with combinations of family plans, along with free TV+ with new devices, will allow Apple to reduce its churn and boost the average revenue per user.

Apple (AAPL) and Wistron are proposing the possibility of directly investing in panel supplier Japan Display, Reuters’ Chris Gallagher reports, citing a report from Kyodo News.

AMD stock has seen a flurry of analyst upgrades. Baird analyst Tristan Gerra said AMD is a market share growth and turnaround story, with gains in both PCs and in the higher-margin data center market. The analyst said the company continued its strong execution and above expectation PC share gains during the quarter but still sees the stock’s valuation as high. Gerra maintained his Neutral rating and $30 price target on AMD shares.

Argus analyst Jim Kelleher raised his price target on AMD to $40 and kept his Buy rating after its Q3 results, saying that while the stock price dipped on “slightly below-consensus” Q4 revenue guidance, the company appears to be taking market share in the value-added segments of the computer processing industry. The analyst notes that AMD has experienced sequential revenue deceleration from Q3 to Q4 for the past 6 years, but given its ramps in Ryzen and EPYC chips, it is guiding a “historical” sequential acceleration for Q4 of this year.

On October 30, 2019, Synopsys (SNPS) announced a multi-year agreement with AMD (AMD) to utilize its ZeBu Server 4 emulation system, accelerating verification of AMD high-performance processor, graphics, and gaming projects. As part of this new agreement Synopsys will optimize its ZeBu and VCS software for execution on AMD EPYC processor-based servers. AMD and Synopsys will extend their emulation collaboration to support system-level debug and analog/mixed-signal emulation, in addition to software-driven power and performance analysis, hybrid emulation, and virtual host solutions.

Apple and AMD News