Topic: How To Invest

Wall Street Stock Forecaster Hotline – Friday, March 17, 2017

Article Excerpt

INTEL CORP., $35.27, Nasdaq symbol INTC, is the world’s leading computer chipmaker: its products power 80% of all personal computers. This week, the company agreed to acquire Mobileye N.V. (New York symbol MBLY). Based in Israel, that firm specializes in computer systems and chips for self-driving cars. Over 25 automakers currently use, or have agreed to use, its technology. The purchase will help reduce Intel’s exposure to the cyclical personal computer market. As well, global demand for vehicle systems and data services could rise to $70 billion by 2030. Intel will pay $15.3 billion for Mobileye. That’s equal to 116% of its 2016 earnings of $13.2 billion, or $2.72 a share. Intel expects to complete the purchase by the end of 2017. The new operations should immediately contribute to its earnings. OUR RECOMMENDATION: Intel is a buy. Intel recent coverage Hotline for February 10, 2017 Hotline for October 21, 2016 NVIDIA CORP., $106.07, Nasdaq symbol NVDA, is a leading designer of 3D-capable video chips; they make video…