Intel

INTC-Q

(A Top Pick Jun 26/18, Down 5%) Still loves this despite pressure on chips due to the China-US trade war. $83.07 is his model price, 77% higher than current prices. Intel isn't as cyclical as its peers. You may need to wait for the next cycle in semis though.

Good support level currently. His model price is $83 and pays a dividend of 2.6%. You can ride out of the semis storm with this--it's relatively stable. Certainly buy more at $37. (Analysts’ price target is $53.13)

Trades at a reasonable multiple. It's a mature market. Gross margins won't expand. They are getting hit by the new China tariffs.

The chart is a rounded-U formation in the past 12 months. It looks a little oversold, and has broken a short-term trendline. It will probably land to $45. Wait till it consolidates. Maybe the worst is over. There isn't a real direction, so keep an eye on it.

They issued weak guidance in Q2. There's a backdrop of US-China trade tensions hurting demand. Expect at least one more quarter of negative earnings

(A Top Pick Apr 25/18, Up 16%) There's a new CEO. This old-tech stock has done very well. He's long recommended it.

He sees 60% upside and it's starting to move up. $64.50 is his price target. (Analysts’ price target is $55.22)

Inexpensive at 15x earnings, and pays a nice dividend. But Intel hasn't been at the forefront of handheld devices or servers in the cloud business; Intel hasn't transitioned strongly from the PC world. A well-run company though, but look elsewhere for faster growth.

Hit $57 again? Pick your points in taking profits, but this one could break through new highs. So, $57 is possible. And it's a long-term hold.

An old-tech play that still has 71% upside. A new CEO can hopefully shake things up. A good place to hide in the semi-conductor space. You can't even see a measurable pullback in its December trading -- really stands out. Yield 2.6% (Analysts’ price target is $53.00)

There are better tech stocks like AMD which has better upside. There's lots of trading between $44-48. Take profits if you can.

It was strong until a couple of months back. On monthly relative strength charts it looks terrible. It is at the bottom out of 18 areas he looks at. It has been really weak. We have seen a bit of a pickup in Intel recently, relative to the market. There is a wedge pattern forming. If we get a push here it will be a confirmation. If it breaks above $48 it will have a bit of ground beneath it.

It has a bit of life breathed back into it. However, it is a semiconductor company. The whole complex has rolled over. Some of the names have been hit hard. They broke on relative strength.

(A Top Pick Oct 17/17, Up 22%) He likes the support technically and the 2.5% dividend yield. It is not as cyclical as AMD and others in the space. His model price is $80.51.

He recently sold out of their position based on their previous earnings, which called for reduced earnings growth. The chip space is very good. If in it, stick with it.