|Bid||64.25 x 2200|
|Ask||64.40 x 2200|
|Day's Range||64.04 - 65.25|
|52 Week Range||42.86 - 69.29|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||13.66|
|Forward Dividend & Yield||1.32 (2.02%)|
|Ex-Dividend Date||Feb 05, 2020|
|1y Target Est||N/A|
During the California gold rush, many miners went bankrupt. Most investors recognize that the gold rush is on in 5G and artificial intelligence. The picks and shovels for the present-day gold rushes are semiconductors.
Two seemingly different issues — the ongoing 5G network rollout and the coronavirus — are causing confusion and disappointment for many tech investors this earnings season so far and they are now becoming intertwined.
The technology industry appears to be in freak-out mode over the perceived risk of mixing with peers at large-scale events.
DOW UPDATE Shares of Microsoft and Nike are trading lower Friday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Microsoft (MSFT) and Nike (NKE) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 257 points lower (-0.
The last time I weighed in on Intel (NASDAQ:INTC), I said, "It's best to avoid INTC stock for now, and look to by on a pullback." That was on Nov. 27, 2019, as it traded at $58.22.Source: Thanes.Op / Shutterstock.com Shortly after, Intel did, in fact, pull back slightly to $55.80 before running up to $66.68.While Intel is losing market share to companies like Advanced Micro Devices (NASDAQ:AMD), it's still pushing to higher highs. All thanks to rising demand for CPUs from data centers, artificial intelligence, machine learning, 5G, and the Internet of Things.InvestorPlace - Stock Market News, Stock Advice & Trading TipsPlus, Intel still trades with a low forward P/E of just 13.3, as compared with AMD's 37.26. It's also well below the average P/E of 17.2 of some of the top semiconductor stocks in the VanEck Vectors Semiconductor ETF (NASDAQ:SMH). * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 However, that may expand with better earnings growth. We must also consider that analysts haven't priced in much growth in recent years. But that's quickly changing as well. At the moment, with big demand, coupled improving fundamentals, I'd like to see Intel closer to $75 a share. Intel Insiders are Just as BullishInsiders have been buying into strength. In recent weeks, new director Alyssa Henry paid $1 million for 15,400 shares of INTC at an average price of $64.88 a share. All after the company posted strong fourth quarter earnings.In fact, in its latest quarter, Intel had adjusted earnings-per-share of $1.52 on sales of $20.2 billion.That was far better than expectations for EPS of $1.24 on sales of $19.2 billion. Better, year over year, earnings have grown 19% as sales popped 8%, as noted by Investor's Business Daily contributor Patrick Seitz. For the first quarter of 2020, Intel expects to pull in adjusted EPS of $1.30 a share on sales of $19 billion. That's also above analyst expectations for $1.05 on sales of $17.2 billion. For full-year 2020, it also expects to post revenue of $73.5 billion, topping estimates for $72.1 billion.Then it turned around and increased its dividend payout by 5% to $1.32 a share, annually. That works out to a quarterly dividend of 32 cents. Better, it used $3.5 billion to buyback 63 million shares of Intel stock."In 2019, we gained share in an expanded addressable market that demands more performance to process, move and store data," said Bob Swan, Intel CEO. "One year into our long-term financial plan, we have outperformed our revenue and EPS expectations. Looking ahead, we are investing to win the technology inflections of the future, play a bigger role in the success of our customers and increase shareholder returns." Intel's Outlook May be Too ConservativeTop analysts don't believe Intel's guidance was aggressive, as it should be.According to Deutsche Bank analyst Ross Seymore reiterated his "buy" rating on the stock with a target price of $72. He also cites Intel's "inexpensive valuation," adding that Intel is offering, "a positive risk/ reward within an otherwise expensive semiconductor sector," he says, adding that demand may improve from replenished inventory during the second half of the year. Bottom Line on Intel StockWhile it's losing market share to companies like AMD, you wouldn't know it looking at Intel's stock. With an unsustainably low valuation, the 800-pound gorilla should ramp up on higher demand, strong earnings, insider buying, and buybacks.By the close of 2020, I'd like to see Intel closer to $75 a share.As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 S&P 500 Stocks to Buy Increasing Their Dividends in 2020 * 5 Tech Stocks Vying to Win the AR/VR Race * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Undervalued Intel Stock Could Hit $75 By Year's End appeared first on InvestorPlace.
The Santa Clara chipmaker will likely invest hundreds of millions of dollars on promising businesses with the hope of building a unicorn — and eventually the company's next business unit.
For a while, it has felt as though U.S. equities have been immune to the Covid-19 outbreak. That thesis was dealt a blow Thursday. The major domestic benchmarks slumped as global investors grew pensive that the epidemic will weigh on earnings.Source: Provided by Finviz * The S&P 500 slipped 0.38%. * The Dow Jones Industrial Average dropped 0.44%. * The Nasdaq Composite declined 0.67%. * Intel (NASDAQ:INTC), one of the Dow's more China-sensitive names, was the index's worst performer today, shedding 2.59%.Underscoring the point that today was a rough one, 23 of the Dow's 30 components were lower in late trading. The Dow's technology components were mixed on the day, but with the index being price-weighted, it was decked by losses by Intel, Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT).InvestorPlace - Stock Market News, Stock Advice & Trading TipsPart of the problem is that two novel coronavirus deaths were reported in Japan and one in South Korea, two of the most tech-heavy countries in the world and major markets for U.S.-based technology companies. Reversal of FortuneGoldman Sachs (NYSE:GS) and JPMorgan Chase (NYSE:JPM) were two of the Dow's leaders yesterday, but the wind came out of those sails today on news that Morgan Stanley (NYSE:MS) is acquiring E*Trade (NASDAQ:ETFC) in a bid to bolster its exposure to retail clients. * 7 Small Cap Stocks That Pack a Wallop The deal, which is slated to close in the fourth quarter, is the latest in the brokerage space this year and another sign that these firms are warming up to smaller investors. Sources say Goldman was mulling buying E*Trade, but decided against the move, allowing rival Morgan Stanley to swoop in. Politics AgainThere was another Democratic debate last night, and just going by what folks are saying on Twitter (NYSE:TWTR), it appears Sen. Bernie Sanders was the winner. Good news for him and his supporters. Bad news for UnitedHealth Group (NYSE:UNH), which was among the Dow's worst losers today. Sanders is a Medicare For All backer, an issue that has long been a thorn in the side of UNH stock. Simple ExplanationAll things considered, oil prices performed admirably today. Exxon Mobil (NYSE:XOM) and rival Chevron (NYSE:CVX) did not, and there's at least one straightforward reason as to why. Global airlines are forecasting the first decline in passenger traffic this year since 2003 due to the coronavirus epidemic. Airlines obviously use jet fuel, a higher-end product refined from crude. Bottom Line on the Dow Jones TodayThe coronavirus outbreak is indeed testing investors' bullishness. For example, BlackRock previously forecast a "V-shaped" recovery in global economic activity, but how well that plays out is likely to be tested."Yet the depth and width of the 'V' this time are highly uncertain," said the asset manager in a note out today. "This outbreak could be more disruptive than past ones because it could be more severe, and because of greater reliance on global supply chains."BlackRock notes that previous viruses have been followed by pent-up demand-driven rebounds, but that this time could be different.As of this writing, Todd Shriber did not own any of the aforementioned securities. He has been an InvestorPlace contributor since 2014. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Failing Tech Stocks to Disconnect From Now * 5 Ideal Dividend Stocks for New Investors * 4 Stocks to Buy No Matter Who Wins the 2020 Election The post Dow Jones Today: The Coronavirus Takes a Toll appeared first on InvestorPlace.
The funding from a slew of large industry players shows the importance of the firm's materials technology.
DOW UPDATE Shares of Intel and Goldman Sachs are posting losses Thursday afternoon, dragging the Dow Jones Industrial Average into negative territory. Shares of Intel (INTC) and Goldman Sachs (GS) are contributing to the blue-chip gauge's intraday decline, as the Dow (DJIA) was most recently trading 167 points, or 0.
DOW UPDATE Dragged down by declines for shares of Intel and Microsoft, the Dow Jones Industrial Average is trading down Thursday afternoon. Shares of Intel (INTC) and Microsoft (MSFT) are contributing to the index's intraday decline, as the Dow (DJIA) was most recently trading 276 points (0.
DOW UPDATE The Dow Jones Industrial Average is declining Thursday morning with shares of Intel and UnitedHealth seeing the biggest drops for the price-weighted average. The Dow (DJIA) was most recently trading 74 points, or 0.
7nm chip competition heats up with Samsung's (SSNLF) new facility line V1 which has commenced production of state-of-the-art mobile chips.
The Zacks Analyst Blog Highlights: Microsoft, International Business Machines, Intel, Apple and Amazon.com
(Bloomberg) -- Researchers were able to trick a Tesla Inc. vehicle into speeding by putting a strip of electrical tape over a speed limit sign, spotlighting the kinds of potential vulnerabilities facing automated driving systems.Technicians at McAfee Inc. placed the piece of tape horizontally across the middle of the “3” on a 35 mile-per-hour speed limit sign. The change caused the vehicle to read the limit as 85 miles per hour, and its cruise control system automatically accelerated, according to research released by McAfee on Wednesday.McAfee says the issue isn’t a serious risk to motorists. No one was hurt and the researcher behind the wheel was able to safely slow the car.But the findings, from 18 months of research that ended last year, illustrate a weakness of machine learning systems used in automated driving, according to Steve Povolny, head of advanced threat research at McAfee. Other research has shown how changes in the physical world can confuse such systems.The tests involved a 2016 Model S and Model X that used camera systems supplied by Mobileye Inc., now a unit of Intel Corp. Mobileye systems are used by several automakers though Tesla stopped using them in 2016.Tests on Mobileye’s latest camera system didn’t reveal the same vulnerability, and Tesla’s latest vehicles apparently don’t depend on traffic sign recognition, according to McAfee.Tesla didn’t respond to emails seeking comment on the research.“Manufacturers and vendors are aware of the problem and they’re learning from the problem,” Povolny said. “But it doesn’t change the fact that there are a lot of blind spots in this industry.”To be sure, the real-world threats of such an occurrence today are limited. For one, self-driving cars are still in the development phase, and most are being tested with safety drivers behind the wheel. Vehicles with advanced driver-assist systems that are available now still require the human to be attentive.And the McAfee researchers were only able to trick the system by duplicating a certain sequence involving when a driver-assist function was turned on and encountered the altered speed limit sign. Manufacturers are also integrating mapping technology into systems that reflect the proper speed limit.“It’s quite improbable that we’ll ever see this in the wild or that attackers will try to leverage this until we have truly autonomous vehicles, and by that point we hope that these kinds of flaws are addressed earlier on,” Povolny said.In a statement, Mobileye said human drivers can also be fooled by such a modification and that the system tested by the researchers was designed to assist a human driver and not to support autonomous driving.Robust Redundancies“Autonomous vehicle technology will not rely on sensing alone, but will also be supported by various other technologies and data, such as crowd sourced mapping, to ensure the reliability of the information received from the camera sensor and offer more robust redundancies and safety,” the company said.The McAfee research follows similar academic work in what’s known as adversarial machine learning, a relatively new field that studies how computer-based learning systems can be manipulated. Researchers in 2017 found that placing four black and white stickers in specific locations on a stop sign could “trick” a computer vision system into seeing a 45 mile per hour speed limit sign, for example.The issue isn’t specific to Tesla or Mobileye, but is a broader weakness inherent in the advanced systems powering self-driving cars, said Missy Cummings, a Duke University robotics professor and autonomous vehicle expert, and researchers have shown that potentially serious malfunctions can be caused by changing the physical environment without accessing the system itself.“And that’s why it’s so dangerous, because you don’t have to access the system to hack it, you just have to access the world that we’re in,” she said.Cummings said McAfee’s findings illustrate why autonomous cars should be subjected to a “vision test” to evaluate whether self-driving systems can safely detect and respond to real-world situations created by other vehicles, pedestrians and other road users.Safety advocates have also urged U.S. auto safety regulators and lawmakers to include such an evaluation among other requirements in new automated vehicle legislation being developed in Congress.(Updates with context on automated vehicle legislation in penultimate paragraph)To contact the reporter on this story: Ryan Beene in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, John HarneyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Advanced Micro Devices, Inc. (NASDAQ: AMD) shares are trading at a record high — but a near-to-medium term risk is lurking ahead that could pose a threat to the stock's strong performance. The outbreak of the coronavirus in China and the ensuing supply chain disruptions could hurt AMD more than peers Intel Corporation (NASDAQ: INTC) and NVIDIA Corporation (NASDAQ: NVDA), Eric Ross, chief investment strategist at Cascend Securities, said in a note. About 78% of AMD's revenue comes from computers and graphics, and low-end notebook board makers as well as low-end graphics makers in China are not ramping production meaningfully after the Lunar New Year, Ross said.