Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, June 22, 2018

Article Excerpt

INTEL CORP., $52.50, Nasdaq symbol INTC, is the world’s leading maker of computer chips: its products power 80% of all personal computers. The company has removed Brian Krzanich, who served as both its chief executive office and a member of the board of directors. That’s because a consensual relationship he had with an Intel employee violated the company’s non-fraternization policy. Intel’s chief financial officer, Robert Swan, will take over as the interim CEO. While the search for a permanent CEO adds uncertainty, the company will continue to diversify its products and cut its reliance on personal computers. Those new products include chips that run datacentres and self-driving cars. Intel also announced preliminary results for the second quarter of 2018. It expects to earn $0.99 a share, which is better than the consensus estimate of $0.86. As well, its projected revenue of $16.9 billion exceeds the consensus forecast of $15.6 billion. OUR RECOMMENDATION: Intel is a buy. Intel recent coverage Hotline for April 27, 2018 Hotline…

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