CA - Intel Stock: I Remain Bullish Ahead Of Q4 Earnings
2024-01-23 09:30:38 ET
Summary
- Despite a horrible year 2023 for semiconductors, Intel Corporation (and many other semiconductor stocks) performed great as the stock market is usually forward-looking.
- I remain optimistic that Intel will continue its turnaround and will surprise investors once again and beat expectations for the fourth quarter.
- With financial markets being most likely at the end of a long-term debt cycle, we should be very cautious about most assets.
- Nevertheless, Intel stock seems like a good investment, as the true intrinsic value is still not reflected by the stock price.
It is not like the stock market did not perform great in 2023, but especially Intel Corporation ( INTC ) as one of the outperformers. When looking at the performance in the last 365 days, we see Intel underperforming the S&P 500 (SP500) in the first few months, but especially in the second half of 2023 the stock continued to gain and increased 65% in value in the last 12 months. Compared to the S&P 500, which increased about 22% in the same timeframe, this is a solid outperformance....
Intel Stock: I Remain Bullish Ahead Of Q4 Earnings