You're receiving this email because you're subscribed to Ring the Bell from Benzinga. To manage your subscription, click the link at the bottom of this email.

Happy Monday Zingernation! If you can’t beat them, join them. And if that doesn’t work, then buy them. That’s what AMD did with a smaller AI data server company, in hopes the acquisition will help them take on NVIDIA and other competitors in the space. Plus, three industrial stocks that could skyrocket this month.

—Aaron Bry & Nic Chahine

Plus, if you’re looking to take your options trading to the next level, check out today’s partner, CBOE.

MARKET SNAPSHOT

Last Week: The S&P 500 and overall market notched its best week of the year following the previous Monday’s violent sell-off. All major indices closed higher with tech and the Nasdaq leading the way.

On Our Radar: Light week in terms of economic data, but we will continue to receive earnings reports from major companies. Palo Alto Networks ($PANW) reports tonight after the bell.

TOP STORY

AMD Expands AI Capabilities, Acquires ZT Systems in Major $4.9B Deal

Basically: Advanced Micro Devices, Inc stock is trading higher Monday after the chip designer forged an agreement to acquire ZT Systems.

So: AMD agreed to acquire ZT Systems, a provider of AI infrastructure for hyperscale computing companies, in a cash and stock transaction valued at $4.9 billion, including an earnout payment of up to $400 million. Here’s how the deal will help AMD compete with NVIDIA and other players in the space.

PRESENTED BY CBOE

FIVE ZINGERS

At An Inflection Point: Futures are relatively flat as we head into a new trading week. Here’s why one strategist says today’s price action is important.

Not So Pretty: Estee Lauder’s stock got hit after the company warned of weakening demand in China. But, shares are bouncing back.

Stackin’ Paper: Warren Buffett’s massive $200-billion pile of cash has some investors worried. But one expert says this is why you shouldn’t be alarmed.

Here We Go Again: Vaccine plays like $GOVX are on the rise again amid the surge in mpox cases worldwide. Here’s what you need to know.

Looking Good: Goldman Sachs just slashed its U.S. recession odds to 20%. Here’s why the global bank is getting more bullish on the U.S. economy.

ONE FOR THE ROAD

Top 3 Industrials Stocks That May Rocket Higher This Month

Basically: The most oversold stocks in the industrials sector present an opportunity to buy into undervalued companies.

So: The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term.

Here's the latest list of major oversold players in this sector, having an RSI near or below 30.

PRESENTED BY CBOE

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto, and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Cannabis Daily: A must-read daily briefing for cannabis investors, operators, and enthusiasts. Join our list of industry veterans to jump start your morning. Subscribe here.

Real Estate Weekly: Where we highlight the movers and the losers, the upgrades and the downgrades, the top stories and opportunities in the trillion dollar REIT and real asset industry. Subscribe here.

Mining Weekly: Get an insider's edge with news, analysis, and commentary on what’s shaping the mining and commodities industry that powers the global economy. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.