I attended Intel's conference in NYC yesterday. My overall opinion is that Intel has never been in better shape than it is currently, priced at 71. Therefore, I reccommend that if you have not filled your position in Intel, you do it today.
I think Intel is in a great position for the long term. In addition, they have a good shot of surprising the "Street" with higher margins, revenues, and profits in Q2, than what is currently acticipated. I will write more about my observations of the conference later, however, I think that Intel will soar now, and test new highs above 78 3/8 within the next two months. If the other analysts saw what I saw yesterday, and come to the same conclussions, than look for a string of strong buy reccommendations coming from the sell side over the next few days.
Jules |
