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Technology Stocks : Semi Equipment Analysis

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From: Donald Wennerstrom	2/27/2018 11:35:16 AM
	2 Recommendations Recommended By Return to Sender Sam of 95501

Intel hits new high after Citi names it top chip stock to target 10:47 AM ET 2/27/18 \| MarketWatch Intel hits new high after Citi names it top chip stock to target Intel Corp. (INTC) shares reached their highest prices since the dot-com bust Tuesday morning, after a Citibank analyst named it the top chip stock to target in 2018. Citi analyst Christopher Danely reportedly moved Intel from No.3 on his semiconductors list to No. 1 and compared the stock favorably to Micron Technology Inc. (MU) in early 2017; Micron stock nearly doubled in 2017 and was one of the biggest winners in the tech sector (http://www.marketwatch.com/story/biggest-nasdaq-winners-and-losers-in-2017-chip-makers-videogame-publishers-lead-tech-2017-12-29). Danely noted that other chip makers have reported solid demand from businesses, which is where Intel tends to dominate, according to reports. Intel shares reached a high of $50.90 early in Tuesday's trading session, their highest intraday price since 2000, and were trading more than 2% higher in early morning trading as the S&P 500 index and Dow Jones Industrial Average showed slight declines.

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