Q1 Return: +6%
Investor: Jeff Reeves
For InvestorPlace Editor Jeff Reeves, the first quarter has gone pretty well. Last time we checked, tech staple Intel (NASDAQ:INTC) was flat and sitting in second to last place.
Now, it has enjoyed 6% gains — less than the broader market, but gains nonetheless — and has squeezed into the top five. Over the last week alone, Intel has more than doubled the Dow’s climb. If that momentum continues, the dividend-payer could be in a nice position to make slow but steady run during the remaining quarters.
In fact, slow-and-steady is exactly what Reeves was after with this pick. Reeves purposely went with ”a stable and undervalued blue chip instead of a long shot.”
Plus, there’s more reason to be bullish on the chipmaker. Analysts from Goldman Sachs, for example, recently reported that a significant reduction in the company’s capex could help boost the company’s shares.
I’m sure Reeves — even though he no longer actually holds his pick — is hoping they’re right.