"If there was any "value" stock left in the tech sector, it's Intel." Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance The dust is settling after a wild election week. And now, we're looking at several perception-based trade ideas to kick off Monday. One of those companies is Intel (INTC). Intel Corporation is an American multinational tech company headquartered in Santa Clara, California. It is considered one of the world's largest semiconductor chip manufacturers by revenue and has been one of Fortune 500's top companies for over a decade. As you'll see in the chart above, INTC has been gaining after the election, and there are a few key reasons I'll have my eye on it going forward. For one, newly elected U.S. President Donald Trump has been very much in favor of domestic manufacturing. He's also talked a lot about imposing tariffs on overseas chip-making companies. So if the perception that chip manufacturing is coming back to U.S. soil, then a homegrown company like Intel (INTC) could be in play. I've said this before, but it bears repeating, if there was any "value" stock left in the tech sector, it was Intel. In fact, I recently closed an INTC trade last week in The War Room for a 17.95% gain in 1 trading day. This week I'll be looking to reload when the right chart pattern presents itself. |
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