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INTC

Intel

$48.69

0.11 (0.23%)

11:26
08/29/18
08/29
11:26
08/29/18
11:26

Technical Take: Intel extends breakout, small bullish pattern

There is a bullish pattern in progress on the daily chart, a double bottom that has upside to the $50 area. The move higher in price today has confirmed the breakout above the downtrend resistance line that began in late July. Both events are technically bullish for future price. It would take a move below $48 to violate the pattern and put price back under the downtrend line.

  • 12

    Sep

INTC Intel
$48.69

0.11 (0.23%)

08/10/18
08/10/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Intel (INTC) downgraded to Sell from Neutral at Goldman Sachs with analyst Toshiya Hari saying Intel's struggles with 10nm process technology makes the analyst incrementally more negative on the company's competitive positioning and margin outlook. 2. Booking Holdings (BKNG) downgraded to Neutral from Buy at Citi and UBS as well as Neutral from Overweight at JPMorgan. 3. Sysco (SYY) downgraded to Sell from Hold at Pivotal Research with analyst Ajay Jain saying he believes the move up in the stock over the past three months is inconsistent with growing industry headwinds as well as Sysco's company-specific issues. 4. Campbell Soup (CPB) downgraded to Underweight from Neutral at JPMorgan with analyst Ken Goldman saying he agrees with activist Third Point that Campbell's best option is to sell the company; however, he sees a sale as an unlikely outcome. 5. Redfin (RDFN) downgraded to Neutral from Buy at DA Davidson with analyst Tom White citing its Q2 results and below-consensus Q3 guidance. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/10/18
08/10/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GOLDMAN CUTS INTEL, UPGRADES AMD: Goldman Sachs analyst Toshiya Hari downgraded Intel (INTC) to Sell from Neutral and lowered his price target for the shares to $44 from $49. Hari coupled the downgrade with an upgrade of AMD (AMD) to Neutral from Sell. Intel's struggles with 10nm process technology made the analyst incrementally more negative on the company's competitive positioning and margin outlook. He expects a worsening product mix in the near-term, ramp in 10nm costs and growing depreciation to drive margin pressure and Intel's earnings below consensus expectations. The delay in Intel's new products will allow AMD to gain share in not only client computer processing units, and also in the "lucrative" server CPU market, Hari contended. He believes this makes for a balanced risk/reward profile on AMD shares. In late morning trading, Intel is down 2.5% and AMD is up fractionally. BOOKING HOLDINGS DOWNGRADED AT MULTIPLE FIRMS: UBS analyst Eric Sheridan downgraded Booking Holdings (BKNG) to Neutral from Buy and lowered his price target for the shares to $2,060 from $2,320 following the company's Q2 results. JPMorgan analyst Doug Anmuth downgraded Booking Holdings to Neutral from Overweight and lowered his price target for the shares to $2,070 from $2,385. Additionally, Citi analyst Mark May downgraded Booking Holdings to Neutral from Buy and lowered his price target for the shares to $2,150 from $2,350. Booking Holding is down over 2% in late morning trading. JPMORGAN CUTS CAMPBELL SOUP TO UNDERWEIGHT: JPMorgan analyst Ken Goldman downgraded Campbell Soup (CPB) to Underweight from Neutral with a $36 price target, saying he believes a sale of the company at a significant premium is unlikely. Campbell Soup is down over 2% in late morning trading. CANTOR SEES MANY REASONS FOR UNITEDHEALTH ACQUIRING ATHENAHEALTH: Numerous media sources cited a Dealreporter story indicating that UnitedHealth (UNH) is now in the second round of bidding for Athenahealth (ATHN), Cantor Fitzgerald analyst Steven Halper said in a research note. There are "many reasons" why UnitedHealth's Optum would benefit from the acquisition of Athenahealth, the analyst contended. With or without the deal, the analyst expects UnitedHealth will deploy capital and grow its various Optum businesses over time. He reiterated an Overweight rating on shares with a $300 price target.
08/14/18
JPMS
08/14/18
DOWNGRADE
Target $21
JPMS
Underweight
Macom downgraded to Underweight with $21 price target at JPMorgan
JPMorgan analyst Harlan Sur downgraded Macom Technology Solutions (MTSI) to Underweight with an unchanged price target of $21. With the stock above his price target, the analyst believes the market is already discounting "strong forward earnings power." The analyst also see the potential for margin pressures on current generation discrete Macom-based white box transceiver reference designs for 100G CWDM4 modules amid competition from Intel (INTC), Applied Optoelectronics (AAOI), and InnoLight.
08/24/18
MKMP
08/24/18
NO CHANGE
Target $58
MKMP
Buy
Intel price target lowered to $58 from $61 at MKM Partners
MKM Partners analyst Ruben Roy lowered his price target on Intel to $58, stating that the company's 10nm delays and a lower gross margin profile heading into 2019 warrants a 14-times forward earnings multiple assumption. Longer term, the analyst keeps his Buy rating on Intel, noting that PC demand trends continue to show relative strength as Q2 unit sales rose for the first time in 6 years and top-5 notebook brand volume sales rose 11% in July - the highest rate of growth in 17 months.

TODAY'S FREE FLY STORIES

SGMS

Scientific Games

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DGLY

Digital Ally

$3.75

-0.275 (-6.83%)

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R

Ryder

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  • 06

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BZH

Beazer Homes

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MCO

Moody's

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-2.66 (-1.52%)

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FCFS

First Cash Financial

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OKE

Oneok

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0.565 (0.83%)

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16:30
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Options
Preliminary option volume of 15.6M today »

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MOR

MorphoSys

$27.13

0.315 (1.17%)

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NITE

Nightstar Therapeutics

$20.35

-0.97 (-4.55%)

16:26
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09/25
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16:26
Syndicate
Nightstar Therapeutics files to sell 4M American Depositary Shares »

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  • 03

    Oct

NITE

Nightstar Therapeutics

$20.35

-0.97 (-4.55%)

16:24
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16:24
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16:24
Syndicate
Nightstar Therapeutics files to sell 4M American Depositary Shares »

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  • 03

    Oct

VSTM

Verastem

$7.15

-1.74 (-19.57%)

16:23
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  • 01

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  • 05

    Oct

ICCC

Immucell

$8.35

-0.155 (-1.82%)

16:22
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  • 15

    Nov

ICCC

Immucell

$8.35

-0.155 (-1.82%)

16:22
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  • 15

    Nov

VSTM

Verastem

$7.15

-1.74 (-19.57%)

16:21
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Verastem and CSPC Pharma sign license agreement to develop COPIKTRA in China »

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  • 01

    Oct

  • 05

    Oct

LOXO

Loxo Oncology

$166.80

3.73 (2.29%)

16:21
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Loxo Oncology announces LOXO-292 durability update »

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  • 25

    Sep

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VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
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Options
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NKE

Nike

$84.79

0.52 (0.62%)

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  • 25

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KBH

KB Home

$25.29

-0.24 (-0.94%)

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  • 25

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TRN

Trinity Industries

$36.78

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CASH

Meta Financial

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CTAS

Cintas

$212.99

1.81 (0.86%)

16:18
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Earnings
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  • 25

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NKE

Nike

$84.79

0.52 (0.62%)

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  • 25

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MRCY

Mercury Systems

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1.17 (2.22%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
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Technical Analysis
NASDAQ market internals summary »

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