Topic: How To Invest

What is Pat’s commentary for the week of September 22, 2020

Article Excerpt

Tech stocks have been market leaders in the past six months, especially those with above-average per-share price-to-earnings (P/E) ratios. That includes tech picks in our Wall Street Stock Forecaster newsletter like Microsoft (up 53%), Alphabet (up 42%), Apple (up 107%) and Nvidia (up 196%). Intel Corp., another of our tech recommendations, hit a high near $70 in January of this year. At current prices, however, its stock price is little changed from one year ago. As the world’s biggest computer-chip maker, Intel faces near-term challenges within its existing business. That’s why it trades for little more than 10 times current earnings. But it has its size, cash flow and huge research capacity to overcome the challenges and move ahead toward greater gains in a number of exciting growth areas. They include cloud computing, self-driving vehicles, 5G, and artificial intelligence. I asked our Successful Investor research department to draw up this Inner Circle Spotlight report on the stock. It explains why we think…