Stock to Sell #4 – Intel Corp. (INTC)
Intel Corp. (NASDAQ:INTC) is the world’s largest semiconductor chip maker, but revenue and earnings are in a slump due to slow emerging market demand, soft enterprise PC sales, and stiff competition in the mobile phone sector. Earnings are expected to fall in 2013 for the second consecutive year.
The stock is in a pronounced bear market with a sharp increase in sellers in the last quarter. Insiders have joined in selling the stock.
Although the MACD internal indicator is flashing “buy,” we must stick with the price trend, which tells us that November’s low at $19.23 will be tested. Sell INTC at the market.