Today’s Stock Pick of the Day is Intel Corporation (INTC) . I have been quite bullish on Intel, despite all of the news of the declining PC market. Intel has been positioning themselves to be able to succeed in mobile moving forward. They have the leg up when it comes to manufacturing technologies, that no other competitor really has. They have a current analyst recommendation of 2.68 with 39 out of 47 analysts having it at a hold or better.
Last week Intel was up 4.15%, and 20.37% YTD. They just passed their dividend pay date at 3.63%. Their 4th quarter earnings are currently expected after market close on January 15, 2014, with a ~1.5% revenue growth over the previous quarter.
From a technical analysis Intel may have a little resistance as it seems as if it is making a multi-top, and an RSI of 62.89. Look for this stock to breakthrough the $25 resistance level, then settle back down. Below is a chart of INTC.
Disclaimer: I currently hold the above mentioned investment. I am not looking to add to my current position in the above mentioned investment, within the next 30 days. I am not looking to subtract from my current position in the above mentioned investment within the next 30 days.