Intel Comeback?
已更新
This is a unpopular opinion but I believe Intel is setting up for a surge.
Fundamental Points:
- Intel just released news on their next-gen Tiger Lake processors and Xe graphics which are an answer to their rival AMD Ryzen
- Intel's P/E ratio is 8.87 compared to AMD's P/E ratio of 150.51 (of course this alone doesn't constitute a cheap stock)
- Earnings: were better than expected (estimate 1.11 EPS, actual 1.19 EPS) but revenue lags slightly compared to previous two quarters
- Financial Statements: OCF exceeded Q1 2020 by nearly 100% and Debt-to-Assets ratio is decreasing
Fundamental Analysis:
Intel has definitely received a wake-up call from the AMD underdog and has taken action to attempt to retake lost market share. The first official look at those steps is today with their released news on their CPU and GPU lineups to compete with the red team. While these lines roll out in the coming quarters, Intel has taken a solid stewardship approach to their financial statements by reducing their debt to assets ratio and maintaining a commendable net income and premium profit margin. I believe further developments on their most recent news will constitute greater interest by retail investors, so now is a good time to begin accumulating and I will explain why below in the technical portion of this idea.
Technical Points:
-
INTC is currently trading at $48 which sits on the 50-day EMA on the monthly chart, the 61.80% fib retracement, and just above the green cloud of the ichimoku. Overall, you could say that support is extremely strong here and a break below would undoubtedly send the stock to at least $40 to find demand.
- The RSI on all time frames is low considering price action history suggesting the stock is in oversold territory.
- On a daily time frame, the stock appears to be trading within a pattern resembling either a bear flag parallel channel or ascending triangle which if the former is true, there will be a continuation of the correction to $40 a share and if the latter is true, then we will head higher and continue the overall bull trend since 2012-2013.
Trade Setup (Longterm):
- Long $48, Stop Loss $46, Target $56.93 (high probability outcome)
- Short $48, Stop Loss $50, Target $41.06 (low probability outcome)
Fundamental Points:
- Intel just released news on their next-gen Tiger Lake processors and Xe graphics which are an answer to their rival AMD Ryzen
- Intel's P/E ratio is 8.87 compared to AMD's P/E ratio of 150.51 (of course this alone doesn't constitute a cheap stock)
- Earnings: were better than expected (estimate 1.11 EPS, actual 1.19 EPS) but revenue lags slightly compared to previous two quarters
- Financial Statements: OCF exceeded Q1 2020 by nearly 100% and Debt-to-Assets ratio is decreasing
Fundamental Analysis:
Intel has definitely received a wake-up call from the AMD underdog and has taken action to attempt to retake lost market share. The first official look at those steps is today with their released news on their CPU and GPU lineups to compete with the red team. While these lines roll out in the coming quarters, Intel has taken a solid stewardship approach to their financial statements by reducing their debt to assets ratio and maintaining a commendable net income and premium profit margin. I believe further developments on their most recent news will constitute greater interest by retail investors, so now is a good time to begin accumulating and I will explain why below in the technical portion of this idea.
Technical Points:
-
INTC is currently trading at $48 which sits on the 50-day EMA on the monthly chart, the 61.80% fib retracement, and just above the green cloud of the ichimoku. Overall, you could say that support is extremely strong here and a break below would undoubtedly send the stock to at least $40 to find demand. - The RSI on all time frames is low considering price action history suggesting the stock is in oversold territory.
- On a daily time frame, the stock appears to be trading within a pattern resembling either a bear flag parallel channel or ascending triangle which if the former is true, there will be a continuation of the correction to $40 a share and if the latter is true, then we will head higher and continue the overall bull trend since 2012-2013.
Trade Setup (Longterm):
- Long $48, Stop Loss $46, Target $56.93 (high probability outcome)
- Short $48, Stop Loss $50, Target $41.06 (low probability outcome)
註釋
INTC broke out of the ascending triangle on the daily time frame. Next major level is $53.
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