Axel, INTC always scores well in my FA system.
I'm tracking the 85 stocks on our exchanges, which in April or May, had a market cap of more than $40B, or are in the DJIA. These 85 companies account for 40% of the equity on our exchanges.
I have about 7,500 stocks in my software. Of these, 4,310 had a 5 year stock performance record. Over the 5 years the Index went up about 22% annually, the universe of 4,310 went up a "paltry" 12%, and the 85 Big Boyz went up 30% annually. In fact, 26% of the 4,310 were negative for 5 year performance (ouch!).
Clearly, when you look at the Big Boyz on a long-term monthly chart, they have gone parabolic, and IMHO there are few values out there; but they do exist.
Again, a perfect score in my FA system is 13. Here's a list (as of last Friday) of those with a FA score of "6" or better:
INTC -- 11
CAT -- 8
GM -- 7
MMM -- 6
UTX -- 6
ALD -- 6
That's all Folks! So, INTC dramatically stands out in a great group of companies. Last year, I projected a one-year price target of $120. Clearly, in the last few months Mr. Market did not care what a great score the company got in my FA system. We'll see what the future brings.
Short term, I see the bottom of the long-term (2 1/2 year) trading channel at $77. Clearly, it just shattered a down trend line at $85. However, I would be increasingly concerned at any prices above $92.
BWDIK and all other disclaimers.
Berney
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