We Rate Intel Stock At Accumulate Because It’s Not About The Numbers


  • Intel Corporation delivered about the worst quarter we’ve ever seen from a company we cover.
  • We reiterate our Accumulate rating.
  • Because we don’t think it’s about the numbers, we think it’s about China.

U.S Vice President Joe Biden Visits China

Smiling Not Smiling

Lintao Zhang

Numbers Don’t Matter Tonight – They Sure Didn’t Matter Yesterday

Our working hypothesis on Intel Corporation (NASDAQ:INTC) stock is that the fundamentals are almost irrelevant at this point. The U.S. and China are locked in a

INTC Chart

INTC Chart (TrendSpider, Cestrian Analysis)

INTC Fundamentals

INTC Fundamentals (Company SEC filings, YCharts.com, Cestrian Analysis)

INTC Valuation

INTC Valuation (Company SEC filings, YCharts.com, Cestrian Analysis)

Disclosure: I/we have a beneficial long position in the shares of INTC, BA, TSM either through stock ownership, options, or other derivatives. Business relationship disclosure: See disclaimer text at the top of this article.

Additional disclosure: Cestrian Capital Research, Inc staff personal accounts hold long positions in, inter alia, INTC, BA, TSM

DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note’s date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.


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