5 Stocks That Are Popping Today: AMD, Globalstar, Uranium Energy, More

MGT Capital Investments Gets a Director

MGT Capital Investments Inc. (NYSEMKT:MGT) has rallied by 8% today on the news that the company has appointed Nolan Bushnell to its board of directors. Mr. Bushnell, the founder of both Atari Corporation and Chuck E. Cheese, has strong technological expertise. Seeing as Gary Johnson, not John McAfee, is the Libertarian nominee for President, Mr. McAfee will likely have more time to steer the helm of MGT Capital Investments Inc. (NYSEMKT:MGT) and make it more of a tech company. No funds in our database owned MGT Capital at the end of the first quarter.

Uranium Energy Rallies on Higher Crude

Uranium Energy Corp. (NYSEMKT:UEC) is 13% higher on robust volume as some traders buy due to WTI prices crossing the $50 per barrel mark today. Although uranium doesn’t have much of an economic relationship with crude oil, there has been a correlation between the two. If crude prices rise, uranium prices could also rise and Uranium Energy Corp. (NYSEMKT:UEC) might be more attractive at the higher prices. Correlation is not causation however, so the relationship isn’t guaranteed. According to our database, three top funds owned holdings in Uranium Energy Corp. (NYSEMKT:UEC) worth $510,000 at the end of March.

Technical Buying Detected at AMD 

Advanced Micro Devices, Inc. (NASDAQ:AMD) is 1.2% in the green today as technical traders continue to snap up shares in anticipation of the stock’s recent momentum continuing. Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are above several key moving averages and have rallied by over 55% year-to-date. The company’s fundamentals are getting better, as CEO Lisa Su commented, “We are optimistic about our growth prospects in the second half of the year across our businesses based on new product introductions and design wins.” 13 funds that we track owned $25.3 million worth of Advanced Micro Devices, Inc. (NASDAQ:AMD) shares on March 31, well down from 16 funds with $108.3 million in holdings on December 31.

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