Intel (INTC)

(A Top Pick Nov 08/22, Up 2.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with INTC is progressing well. To remain disciplined, we recommend trailing up the stop (from $23) to $25. If triggered this would limit the net investment loss to 9% when combined with the previous buy recommendation.

Intel , is an industry leader, creating world-changing technology that enables global progress and enriches lives. Inspired by Moore's Law, it continuously work to advance the design and manufacturing of semiconductors to help address our customers' greatest challenges. By embedding intelligence in the cloud, network, edge and every kind of computing device, it unleash the potential of data to transform business and society for the better. Social media mentions are up 2100% in the past 24h.

Stockchase Research Editor: Michael O'Reilly Trading at only 6x earnings (compared to peers at 15x) and 1.3x book value, INTC is reiterated as a TOP PICK. It is still the dominant provider of CPUs and well ahead in mobile and data center servers and is the best domestic beneficiary of the Biden Administration foundry subsidies. It pays a good dividend, backed by a payout ratio under 45% of cash flow. We recommend trailing up the stop loss (from $21) to $23, looking to achieve $35 -- upside over 20%. Yield 5.1% (Analysts’ price target is $35.09)

Stockchase Research Editor: Michael O'Reilly It has been a bumpy ride down for INTC, but the current valuation marks the time to re-enter. Trading at only 6x earnings (compared to peers at 15x) and 1.1x book value, it is good value here. Although it has lost some market share to the likes of AMD, it is still the dominant provider of CPUs and well ahead in mobile and data center servers. It is deploying $2 billion to build two manufacturing plants in Ohio, as it is the best domestic beneficiary of the Biden Administration foundry subsidies. We like that the company has slowed is draw of cash reserves and is focusing on debt repayment. It pays a good dividend, backed by a payout ratio under 35% of cash flow. We recommend a stop loss at $21, looking to achieve $40 -- upside over 50%. Yield 5.6% (Analysts’ price target is $40.38)

(A Top Pick Jul 14/22, Down 25.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with INTC has triggered its stop $28. To remain disciplined, we recommend covering the position at this time.