 Welcome traders to another tick mill earnings report preview with me Patrick Monday before jumping to today's report As always want to adhere to the risk disclaimer Most pertinence of today's presentation is the fact that the views expressed by me are solely mine They're not addictive or representative of hope those held by tick mill UK or tick mill Europe limiters Okay, let's jump into today's report and we are looking at AMD advanced micro devices Who are going to report after the close of New York trading today? We're looking for an earnings per share of $1.03 on a revenue of 6.53 billion I would note there is an earnings whisper on the street that the EPS could come in as high as 109 So with the stock rising rampant me on Monday the question beckons whether the company is expected to beat its earnings target Semiconductor industry has been struck with an array of headwinds this year with global supply shortages front and center Talk to bottom-of-view suggests supply side factors remain an issue according to JP Morgan's research team global purchasing managers index data Has slowed to the lowest growth rate in two years Though much of the slowdown can be attributed to continuous pandemic lockdowns in China Signs also indicate the global consumer spending power is receding For instance, the US has now recorded two quarters of negative growth pulling it into a recession by definition Due to the slowdown in global consumer strain AMD might struggle as demand for durable boots weighs On the positive side advanced Micro devices is a secular growth company with a five-year compound annual growth rate of thirty two point five two percent Thus, it could be one of the few companies to persevere through a sick or downturn in the economy Market share of AMD's CPU segment remains robust as its overall ownership adds up to 27.7% with desktop and mobility divisions providing a solid foundation Furthermore the company's GPU market share is highly lucrative as the domain is set to grow by 31.1% At least until 2025 a million influx of gaming artificial neural networks and crypto mining activities Alystically speaking AMD's substantial market share in the central processing unit graphics Processing unit spaces coalesces to a gross profit margin of 48.5% meaning the company is capable of exerting its pricing power and dodging temporary economic headlamps One factor to consider is AMD's more than three billion dollars in deferred tax liabilities Although this can be settled in time a sudden recognition of taxes could dent companies EPS So let's take a look at some of the statistical trading patterns seen around AMD earning releases And he shares have moved lower in the immediate aftermath of earnings seven out of twelve previous reports on average The stock moved up zero point three percent in the first day of trading after the company's report Based on the previous twelve earnings releases AMD is more likely to trade lower one day after earnings for an average loss of 0.4% However, on average the stock has moved higher by 2.7 1 week after earnings From a volatility perspective options traders are pricing in an 8.3 percent move on earnings The stock has averaged a 5.5 percent move in recent quarters So from a flow and sentiment perspective has been notable buying $55,784 contracts of the $100 cord expiring this Friday Options order flowing general though has been bearish investor sentiment going into the company's earnings has 78 percent expecting an earnings beat AMD's share price has drifted down 2.7 percent post its prior earnings announcement Using the last 12 quarters of data. However, the average drift between earnings announcements Is 13.2 percent the current drift represents a negative 0.1 standard deviation move Okay, let's pull up the charts and see if we can identify some near-term trading opportunities in the AMD stock So as I noted, there has been a impulsive move here to the upside We're sitting at that weekly trend line resistance now just below the hundred dollar level Remember, we've got that hundred dollar call a lot of interest in that in that in that strike So what I've been looking for is any beat in terms of the earnings And a close through the trend line resistance here at 98 50 I want to engage on the long side targeting move up into the high volume nodes at 1482 At this stage any Any pullback in the stock on the weekly timeframe here watch this 83 50 level the high volume nodes as another opportunity to engage On the long side to target that move up into the 114, which is my interim upside objective for the for the stock As always traders plan the trade trade the plan and most importantly manage your risk until next time. Thanks very much