by winston » Fri Dec 11, 2015 1:53 pm
Stocks to Watch: Intel Corporation (INTC)
(INTC) reported earnings in October that beat analyst expectations.
The company earned 64 cents per share on revenue of $14.5 billion for the third quarter. Prior to that, the company had matched or topped estimates in the previous four quarters by 5 cents, flat, 8 cents and a penny, respectively.
Forty-seven analysts were covering INTC stock at the time, with eight “strong buy” and 15 “buy” recommendations. Meanwhile, 17 of the suits-and-ties rated Intel a “hold,” five issued an “underperform” rating and two issued “sell” recommendations.
Intel shares made a nice run from the $30 level in early October to clear the 200-day moving average, and have appreciated over 9% since its last earnings announcement.
INTC stock has been holding the $34 level since mid-November, and a possible rebound and test to fresh highs could be in the works.
Throw Intel into your list of stocks to watch now that it’s trying to break through $35. I’m targeting a run past $37 to a fresh 52-week peak into January.
Source: Investor Place
It's all about "how much you made when you were right" & "how little you lost when you were wrong"