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JimVanMeerten (57.31)

Intel keeps climbing



May 05, 2011 – Comments (0) | RELATED TICKERS: INTC

I was screening on Barchart for stocks hitting new highs and was surprised to see Intel (INTC) near the top of the list.  The company has been fighting the rumor mill, combating against rumors of problems with products, supply chain in Japan broken and that its Japanese production facilities were damaged.  All these problems were either over stated, false or fixed and the stock is starting to recover even in a down market environment.

Intel Corporation (INTC) is one of the world's largest semiconductor chip maker. The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. It also develops platforms, which it defines as integrated suites of digital computing technologies that are designed and configured to work together to provide an optimized user computing solution compared to components that are used separately. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. The Company sells its products primarily to original equipment manufacturers, original design manufacturers, PC and network communications products users, and other manufacturers of industrial and communications equipment. Intel Corporation is based in Santa Clara, California.

Factors to consider:

Technical Factor

1 - :80% Barchart technical buy signal

2 - Trend Spotter buy signal

3 - Above it's 20, 50 and 100 day moving averages

4 - 14 new highs and up 20.43% in the last month

5 - Relative Strength Index 79.22% and climbing

6 - Trades around 23.48 with a 50 day moving average of 20.76

Fundamental Factors:

1 - A Wall Street tech core holding

2 - Brokerage analysts have published 15 strong buy, 14 buy, 20 hold and only 3 negative recommendations

3 - Sales are expected to increase by 20.10% this year and another 5.60% next year

4 - Earnings ore projected to increase by 11.70% this year, 4.80% next year and 11.76% annually for at least the next 5 years

General Investor Sentiment:

1 - One of the most widely followed stocks on Motley Fool with 10,568 readers expressing an opinion

2 - CAPS members vote 8,078 to 568 that the stock will beat the market

3 - The more experienced All Stars agree with a vote of 1,945 to 67

Summary:  In spite of a weak market, Intel keeps climbing based on projections of increase sales and earnings.  It is a darling of both the professional and individual investors.  Either buy or add to your watch lists,

Jim Van Meerten is an analyst for  Marketocracy Capital Management.  He shares his knowledge and experience from over 40 years of investing in stocks, mutual funds and ETFs on  in his daily blog -- Barchart Portfolio Blogs.

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