Intel (INTC, $53.78) wants to invest $95 bn. to build new chip-making factories in Europe
On Tuesday, Intel Chief Executive Pat Gelsinger said that the semiconductor company planned to build new chip-manufacturing factories in Europe. The company wants to invest up to $95 billion for the same.
According to The Wall Street Journal, the executive discussed the investment at an auto industry conference in Munich. Intel aims to build two new chip facilities in Europe and could eventually expand, thereby having a total spend of as much as 80 billion euros, or $95 billion, Gelsinger said, as reported in the Journal.
INTC's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for INTC turned positive on May 31, 2023. Looking at past instances where INTC's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where INTC's RSI Oscillator exited the oversold zone, of 31 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on INTC as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
INTC moved above its 50-day moving average on May 31, 2023 date and that indicates a change from a downward trend to an upward trend.
The 50-day moving average for INTC moved above the 200-day moving average on May 04, 2023. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTC advanced for three days, in of 302 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 10-day moving average for INTC crossed bearishly below the 50-day moving average on May 17, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
INTC broke above its upper Bollinger Band on May 31, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for INTC entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.332) is normal, around the industry mean (7.052). P/E Ratio (16.010) is within average values for comparable stocks, (54.079). INTC's Projected Growth (PEG Ratio) (9.661) is very high in comparison to the industry average of (2.571). Dividend Yield (0.039) settles around the average of (0.024) among similar stocks. P/S Ratio (2.295) is also within normal values, averaging (11.823).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. INTC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. INTC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of computer components and related products
Industry Semiconductors
INTC and
Correlation & Price change
A.I.dvisor indicates that over the last year, INTC has been closely correlated with TXN. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if INTC jumps, then TXN could also see price increases.
| Ticker / NAME | Correlation To INTC | 1D Price Change % | ||
|---|---|---|---|---|
| INTC | 100% | +0.58% | ||
| TXN - INTC | 77% Closely correlated | -0.33% | ||
| SWKS - INTC | 70% Closely correlated | -0.73% | ||
| MCHP - INTC | 67% Closely correlated | +0.70% | ||
| AMAT - INTC | 67% Closely correlated | -0.15% | ||
| COHU - INTC | 66% Closely correlated | +0.84% | ||
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