Getting Chippy
Intel (INTC) was drawing attention Wednesday to techs, and semiconductors, in particular. The DJIA component ended the session 2.5% lower, at $21.79. The slump followed the chipmaker's third-quarter report and disappointing fourth-quarter outlook, issued late Tuesday.
I haven't been a fan of Intel since the fundamentals began weakening in 2011. The stock rallied to a multiyear high of $29.27 in May and then began cratering. It's now about 26% off that May peak....445 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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