Intel is in deep trouble. They are getting killed in desktop by AMD. They will soon lose their leadership in servers -- its only a matter of time before people switch to the EPYC chips. The scalable EPYC chips are 80% faster at 40% of the cost not to mention 64 cores vs. 28 cores. The HEDT market will also be controlled by AMD soon unless they get a successor to the LGA2066 chipset. Even the low end Threadripper 3960X is 60% faster the high end 2066 chip 10980XE. Intel is still the leader in enterprise I/O. Their SSDs are still the best. They should spin it off before they are effected by the terminal collapse of bad management.
If the area around 44.7 holds, I like this all the way >50 with an approach to 54 between now and the end of Q1. If those areas hold I'd think an eventual test of +60ish would be on the table as well towards the end of Q2 2021. Short term forecasting locally has this as "neutral" over the next week with only a 50.2% of grinding higher.
it's an amazing stock never seen anything as easy to trade you could put on a trade and come back next year to see if it moved a cent or two. meanwhile since the OP is starry eyed with his Gucci stock AMD is kicking ass. my real passion is battling ignorance...
I still like it, if it can hang above 44.7. Not sure that's possible if the broader market cycles lower, but I'll stay mildly bullish (in theory) 'till it breaks down. Anyway, I call this masterpiece: "Mark Brown loves INTC".
I called M as buy a couple of weeks ago when it was 6 and everyone hated M and I had a short term target of 9 to 12. Check it out now. I see INTC as a meaningful trade ( I am not an investor). The chance that you make money is more than you lose. Remember when AMD was $2 and everyone hated it? I also sell short term covered calls on my position as I am waiting for it to pop.
There you go hajimow, you got your $47. It may still have a little room to run, if this current area holds (you know, assuming everyone and their brother doesn't sell the "top") - I could see a test of 49 based on the current price action. Anyway, nice call.
Down day and INTC is up to almost $48. I felt an urge to come here and claim victory. Don't under-estimate the power of an elephant(INTC) who is hurt. Sold my XLNX. While waiting for INTC to go higher , I am also selling covered calls to juice up my profit and reduce the possible loss.