Intel Corporation (NASDAQ:INTC) is facing a tough time, especially in the mobile sector. The company is trying hard to get a breakthrough in the Asian, low-end markets. While the chipmaker struggles, there are some experts who haven’t given up on Intel and think that the company will come back in the business.
Intel Corporation (NASDAQ:INTC) is set to release its quarterly report after today’s market close. In a program on CNBC, Erin Gibbs of S&P Capital IQ and Todd Gordon discussed the position of Intel Corporation (NASDAQ:INTC), how to trade the stock before the earnings and what should we expect from the chipmaker. Gordon said that the chart of expectations look weak. Gordon said that he would Buy Intel Corporation (NASDAQ:INTC) despite all the speculations and problems the company is going through. He showed a chart and symmetry of Intel’s recent market performance. There is a unique regular symmetry in Intel Corporation (NASDAQ:INTC), with a little bit of improvement. Gordon said that mostly, after such a symmetrical down performance, comes and upward trend and a strong rallying point. He thinks that the complete semiconductor industry is on the down side and Intel is no exception.
Gordon clearly said that Intel Corporation (NASDAQ:INTC) is not going to fall rather it would come back stronger towards the highs.
Gibbs thinks that Intel Corporation (NASDAQ:INTC) has made some really good strides in the markets. The company has got some key deals in the Enterprise and data services business. Mobile still remains the problems and a constant nuisance for the company. Gibbs thinks that Intel Corporation (NASDAQ:INTC) has its chip price tags in US dollars and that could hush away the foreign buyers. The expensive chips can deplete Intel Corporation (NASDAQ:INTC)’s business outside the US. Gibbs is also bullish and hopeful for Intel.
As of June 30, 2014, Ken Fisher’s Fisher Asset Management owns over 18 million shares in Intel Corporation (NASDAQ:INTC).
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