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September 27, 2006

Huge profit growth forecast for Intel, Wed., Sept. 27, 2006, 1:45 PM

I have gone to bat for Intel as much as any company in the S&P 500. Finally I can see the light. Yes, there may be a sell-off in a serious Bear market, but the rough patch for the corporation is OVER.

Download UBS Sept 27 report on Intel.

As I wrote this morning with respect to the company (not the stock), it's "blue skies ahead". This report from UBS contains some of the rationale. But to see what the future holds, all traders have to do is to flip to page 2 bottom line (right corner) showing Y/Y Growth in EPS: FY2007E = +48.9 pct.

This is not a small matter. GAAP Net Income is expected to grow from $4.938 billion (FY06E) to $7.231 billion (FY07E).

Intel is a Cara 100 Company. As you know, I follow these companies through thick and thin. When the Relative Strength Index (RSI 7) for Monthly, Weekly and Daily data series drops below 30, simultaneously, I start the process of Accumulation.

I acquired INTC under $17 in mid-June. I told you all about it. I have to: This blog is your car; I'm just a mechanic. (lol).

The stock today is $20.50. So, in 100 days, I'm up over +22 pct.

Did you get on board?

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Intel [GICS 45, Dow 30, Cara 100]
(INTC: Yahoo Finance file)
(INTC: StockChart chart)
(INTC: Investertech chart)
(INTC: ADVFN Financial Data)
(INTC: ADVFN Financial Data)
(INTC: Value Line Report Jul. 14: next one is due Oct. 13)

Posted by Posted by Bill Cara on September 27, 2006 01:45:16 PM | Category: 45 Info Technology , Cara Global 100 Best Companies

Discourse

...alas no, but I might have sold today ;-)

I asked this question over on the "Bull" board:

A few weeks back you wrote that you thought SMH would trade lower, falling from 30s to 28. How do you square that with "blue skies" for INTC? I mean, if the big kahuna is off and running, how would the sector go the other way?

t4k

Posted by: trade4keeps [TypeKey Profile Page] at September 27, 2006 4:08 PM [link]