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Intel Call Options Attractive – Price And Earnings Estimates Bullish -

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    • Intel Call Options Attractive – Price And Earnings Estimates Bullish
Jun, 13th 16:56

Intel Corporation released its quarterly earnings of $0.54 per share in April, beating analyst estimates of $0.49 for Q1, 2016. Wall Street predicts that the company’s Q2 earnings shall come in at $0.53 per share. These are analyst estimates for the current fiscal quarter and the actual earnings shall be released on July 20th 2016, for the period April-June 2016. The stock is expected to trade between $26 and $45 during the year, based on market estimated. These earnings estimates can have a major impact on the company’s stock price if the actual number differs significantly from the estimates. Stock prices of companies with significantly positive earnings data are expected to show out-sized positive price performance, while those with negative surprises may get beaten down more than expected, given the overall economic uncertainty.

The stock closed yesterday’s session at about $32.03. The median 12-month price target of 34 analysts covering the company is $36, signaling that the stock could gain further. Of all the estimates, the highest analyst price target is $42, which implies a gain of 69% within the next 12 months. Currently, there are 16 analysts rating the stock a buy while 9 rating Strong Buy. There are 15 equity firms suggesting a Hold and 1 considering it a Sell.

Today, Nomura Securities CEO Brian Krzanich, has stressed that Intel could continue to improve its profitability in PCs in spite of the 5-8% decline in units sold. He said that the losses in the mobile sector could recover in 2017. The firm estimates the mobile losses to come in at $2.5 billion, or $0.40 per share.

The investment banking company also projects the earnings per share for the fiscal year of 2016 and 2017 to be $2.44 and $2.69, respectively. It emphasized the Buy on INTC stock, with the price objective of $35, representing a 7.25% upside compared with the current trading price of $32.43.


Fig. INTC D1 Technical Chart

Intel stock is on track to rise as high as 34.49 with support from the green parabolics band below. The stock is about to enter the overbought zone as RSI is now staying above 70. ADX is at 38.50, with the DI+ (green line) crossing up and heading far away from the DI- (red line). The stock is expected to continue its up-move for 1-2 days, and a reversal/correction may happen thereafter.

Trade suggestion

Buy Digital Call Option from 32.45 to 34.49 valid until 20:00 hours June 17th , 2016

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