Intel's most recent trend suggests a bearish bias. One trading opportunity on Intel is a Bear Call Spread using a strike $50.00 short call and a strike $55.00 long call offers a potential 21.07% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $50.00 by expiration. The full premium credit of $0.87 would be kept by the premium seller. The risk of $4.13 would be incurred if the stock rose above the $55.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Intel is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Intel is bearish.
The RSI indicator is at 40.7 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Intel
ROSEN, NATIONAL TRIAL LAWYERS, Reminds Intel Corporation Investors of Important September 28 Deadline in Securities Class Action – INTC
Tue, 08 Sep 2020 21:07:00 +0000
NEW YORK, Sept. 08, 2020 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Intel Corporation (NASDAQ: INTC) between April 23, 2020 and July 23, 2020, inclusive (the “Class Period”), of the important September 28, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Intel investors under the federal securities laws. To join the Intel class action, go to http://www.rosenlegal.com/cases-register-1906.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Intel had identified a defect mode in its 7-nanometer process that resulted in yield degradation; (2) as a result, Intel would experience a six-month delay in its production schedule for 7-nanometer products; (3) Intel was reasonably likely to rely on third-party foundries for manufacturing its 7-nanometer products; (4) as a result of the foregoing, Intel was reasonably likely to lose market share to its competitors who are already selling 7-nanometer products; and (5) as a result of the foregoing, defendants’ positive statements about Intel’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than September 28, 2020. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-1906.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.\——————————-Contact Information: Laurence Rosen, Esq. Phillip Kim, Esq. The Rosen Law Firm, P.A. 275 Madison Avenue, 40th Floor New York, NY 10016 Tel: (212) 686-1060 Toll Free: (866) 767-3653 Fax: (212) 202-3827 lrosen@rosenlegal.com pkim@rosenlegal.com cases@rosenlegal.com www.rosenlegal.com
Apple to Hold Sept. 15 Online Launch Event to Reveal New Watch
Tue, 08 Sep 2020 15:58:17 +0000
(Bloomberg) — Apple Inc. said it will hold an online event Sept. 15, where the company is expected to unveil its latest Apple Watch. The event will be streamed from the company’s website starting at 10 a.m. Pacific Time.The technology giant usually organizes a slick hardware-focused show every fall from its Cupertino, California-based headquarters or another location in Silicon Valley. This event will be only online due to the Covid-19 pandemic. That follows Apple’s developers conference in June, which worked well as a virtual event.The event announcement on Apple’s website doesn’t have its typical tag line that hints at what is to be announced. But the invitation to media says “Time Flies,” indicating the announcement is related to the Apple Watch, not iPhones. The new iPhones won’t launch until October, Bloomberg News has reported.Read more: Apple Targets 75 Million 5G IPhones for Fall Product BlitzThe company is preparing new high-end and low-end Apple Watches as well as a redesigned iPad Air with an edge-to-edge screen. It’s also working on a smaller HomePod and the first pair of Apple-branded over ear headphones for release as early as later this year.The new iPhones, coming later, will have redesigned cases, updated cameras, and 5G capabilities. Apple also plans to announce the first Mac running its own processors, replacing Intel Corp., before the end of the year. The next updates to iPhone and iPad software are due to be released this month, with Apple Watch, Apple TV and Mac software updates coming in the fall.The company’s shares have surged this year on rising demand of iPhones, iPads and other tech gear needed to work and study from home during the pandemic. It’s also facing increased antitrust scrutiny and complaints from App Store developers including Epic Games.(Adds more detail on the announcement in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
INTC INVESTOR ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Intel Corporation
Tue, 08 Sep 2020 13:46:00 +0000
Bernstein Liebhard, a nationally acclaimed investor rights law firm, reminds investors of the deadline to file a lead plaintiff motion in a securities class action that has been filed on behalf of investors that purchased or acquired the securities of Intel Corporation ("Intel" or the "Company") (NASDAQ: INTC) between April 23, 2020 and July 23, 2020, inclusive (the "Class Period"). The lawsuit filed in the United States District Court for the Northern District of California alleges violations of the Securities Exchange Act of 1934.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Intel Corporation of Class Action Lawsuit and Upcoming Deadline – INTC
Mon, 07 Sep 2020 01:07:00 +0000
NEW YORK, Sept. 06, 2020 (GLOBE NEWSWIRE) — Pomerantz LLP announces that a class action lawsuit has been filed against Intel Corporation (“Intel” or the “Company”)(NASDAQ: INTC) and certain of its officers. The class action, filed in United States District Court for the Northern District of California, and indexed under 20-cv-05549, is on behalf of a class consisting of all persons and entities other than Defendants who purchased or otherwise, acquired Intel securities between April 23, 2020, and July 23, 2020, inclusive (the “Class Period”), seeking to pursue remedies under the Securities Exchange Act of 1934 (the “Exchange Act”). If you are a shareholder who purchased Intel securities during the class period, you have until September 28, 2020, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Robert S. Willoughby at newaction@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. [Click here for information about joining the class action]Intel is a technology company that provides computing, networking, data storage, and communication solutions worldwide. It operates through Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, Client Computing Group, and All Other segments.According to Intel, its 7-nanometer CPU technology is the next generation following Intel’s 10-nanometer technology. Intel claims that 7-nanometer technology offers double the area efficiency of 10-nanometer products, and will offer 20% higher performance per watt. In May 2019, Intel projected to ship its first 7-nanometer products in 2021.The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors: (i) that Intel had identified a defect mode in its 7-nanometer process that resulted in yield degradation; (ii) that, as a result, the Company would experience a six-month delay in its production schedule for 7-nanometer products; (iii) that Intel was reasonably likely to rely on third-party foundries for manufacturing its 7-nanometer products; (iv) that, as a result of the foregoing, Intel was reasonably likely to lose market share to its competitors who are already selling 7-nanometer products; and (v) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.On July 23, 2020, after the market closed, Intel disclosed production delays for its 7-nanometer products after the Company had “identified a defect mode in [its] seven-nanometer process that resulted in yield degradation.”On this news, Intel’s share price fell $9.81 per share, or approximately 16%, to close at $50.59 per share on July 24, 2020, on unusually heavy trading volume.The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.comCONTACT: Robert S. Willoughby Pomerantz LLP rswilloughby@pomlaw.com
Intel Stock Is Down 16% This Year. CEO Bob Swan Shares His Strategy Going Forward.
Sun, 06 Sep 2020 19:30:00 +0000
To get the full picture of Intel, look at the company’s ability to process and package the chips into products purchased by customers, and to move data between them, CEO Bob Swan told Barron’s.
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