Lynx Equity Strategies analyst KC Rajkumar said they are cautious into AMD’s (NYSE: AMD) print tonight. They note from a setup perspective, expectations are running high.

"We are cautious into AMD’s print tonight. INTC’s words of caution could turn out to be prudent vs. conservative as the Street expects," Rajkumar said. "We expect AMD stock to pull back on earnings tonight due to stretched expectations for CY20. We’d be buyers in the mid-40s, with a view of the stock exiting the year at a $60 price objective."