) stock is beaten down, but the bottom is in, and the rebound is on. Headwinds persist and may impact price action in the near term but are offset by proof the turnaround is working, and momentum is building.include top and bottom-line outperformance, sequential earnings growth, and better-than-expected guidance that may be cautious. If management can continue to execute plans as it has, shares of the stock should trend higher for the next several years.
Takeaways from the analysts' chatter are that PC strength is underpinning results, and PC markets should return to growth next year. Mizuho expects low to mid-single-digit growth in the PC market and a chance for new traction in the data center market. JPMorgan says the results are good, but the team at Intel faces a tough road with several large product launches over the next 2-3 quarters.
If the market follows through on the signal, the next hurdle is near $40 and the 150-day EMA; a move above there would be very bullish. If not, shares of INTC will break support near $32 and continue to move within its established range until there is more evidence of business improvement.It’s been a dreadful past couple of years for the Russell 2000 and small-cap stocks. Only in 2009 have small caps performed worse over a 100-week period – point on...
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