Based on an 18 PE applied to a 2007 EPS estimate of $1.28, the UBS 12-month target is $23. I suggest that increasing talk of economic recession in the U.S. will likely push the price of INTC back down to 18 or lower.

Should you be able to acquire INTC at 18 and sell in 12-months, you would have a price appreciation of +27.8 pct, which would be an acceptable goal. Together with an additional $0.40 cents in dividends in the next four quarters, that would result in a total return of +30 pct.

As you know, once you make up your mind to buy a stock, you can also write puts to accept the premium income and expect the stock to be put to you at a strike price that is acceptable to you. Traders need to learn these concepts in order to maximize their portfolio returns, which is the objective of portfolio management, whether it is done professionally or personally.

GICS 45 Intel Corp. (INTC) (INTC) Financial Data Financial Data Value Line April 14 report
Dow 30, Cara 100