INTC is a great buy.Looking for the share price tol go over 24.00 this year
In a recent article I singled out three companies that will perform favorably in 2013 due to their exposure to international markets. I would like to add a fourth company to this list, Intel. One of the reasons for Intel's poor performance in 2012 was the lack of growth in PC units within emerging markets, but the prospect for 2013 is strong.
I believe that many emerging markets such as China, Brazil, Indonesia and Russia are reaching a tipping point to mass penetration to PCs. Population growth and the desire for connectivity to the internet are main factors that should drive growth for the company, as the PC remains the dominant device for internet access. For FY 2013, revenue from emerging markets should account for 19% of overall sales, and this figure should grow 13% year over year with a target of 40% by 2016. PC growth is directly correlated to GDP growth, which should rise by 5.6% in 2013.