Intel (NASDAQ: INTC ) The world's largest semiconductor chip maker has
traded in a flat band from about $20 to $24 for two years. That may be coming to
an end though, as the introduction of Ultrabooks and Windows 8 provides Intel
with new growth opportunities, according to Credit Suisse analysts. The company
should also benefit from big data/fast data trends. Earnings are estimated at
$2.45 this year and $2.65 in 2012. At under 10 times earnings, the stock is
targeted by analysts at $32-plus. Technically INTC broke from the two-year
consolidation in October with a price objective of $35. But a negative estimate
for Q4 due to supply issues dropped the stock from over $26 to just under $24.
Yesterday's earnings disappointment from Oracle (NASDAQ: ORCL ) may result in
a sell-off in the sector and an opportunity to buy Intel at under $23. Intel has
a dividend yield of 3.5% and a history of dividend increases. Click to Enlarge
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