Has Intel formed a Base?

If there is one thing the market has done consistently over the last six months, it is to bounce back after every negative newsflow. The market has done that so often that it does not surprise investors now. In such a market, high quality stocks become the best buy on declines.

GE Aerospace – A Success Story

I recommended GE Aerospace as a Value play. I recommended the stock at 168 on Dec 22, and now nearly 1.5 months later – the stock is at 205 i.e. up 22%. The stock is at new high and one should continue to hold

Can Intel make a comeback?

Intel is one stock that has struggled to perform financially, operationally and on Wall Street. Now, there is a speculation that the company is a buy out candidate. Everything that can go wrong has gone wrong with the stock. Intel’s last quarter sales fell 7% year over year to $14.3 billion. Net earnings plunged 76%. But here’s something interesting happening on the chart – the stock is holding a base and not declining on any new negative news. This generally happens when investors refuse to sell the stock, and it looks like even a small dose of good news will spark a huge rally in the stock

One can buy the stock with a hope that it will not break $18.6 levels.

Chart Source: Finviz.com

Please do your own due diligence before trading. Nothing here or in the newsletters constitutes financial advice. These are just my views based on my experience.