While mostly conjecture on our part, Elon may be interested in proposing to combine his business interests into one superstructure. We reiterate our Outperform rating as we believe bias for the stock remains to the upside near term." Citi added a positive catalyst watch on Advanced Micro Devices Citi added a positive catalyst watch on the semiconductor company and said it saw "strength" in the PC end market. "We expect continued PC end market strength due to at-home work/learn trends and Intel's data center weakness due to lack of competitive server products to provide upside to AMD's 4Q20 earnings and guide. As such, we are opening a positive catalyst watch on AMD as we are expecting the stock to trade up after the earnings calls." Bank of America initiated Avis Budget as buy Bank of America initiated Avis and said it was a "consistently stronger" rental car company.