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(Source: TC2000.com)
While high-flyers like HubSpot (NYSE:HUBS) and Bill.com (BILL) are up more than 50% year-to-date, Advanced Micro Devices (AMD) and Netflix (NFLX) have been unable to keep up with the S&P-500 this year, up 15% and down 5%, respectively. This underperformance has left these stocks trading at more reasonable valuations than many of their peers, with NFLX looking much more undervalued in a rare period where it actually has a negative 12-month return. This is even though NFLX is on track to grow annual earnings per share by more than 65% in FY2021 alone. In AMD’s case, annual EPS growth is accelerating after a massive year in FY2020, with FY2021 annual EPS growth projected at 104%, up from 87% growth last year. While not as cheap as Netflix, AMD is also reasonably valued, assuming if it can meet its FY2023 earnings targets. Let’s take a closer look at both companies below:
