INTC-@ $47.03 expected to hit $54.37 by next year with the new deal with apple- - - - -
Intel Corporation (INTC
)
As the world’s largest semiconductor manufacturer, Intel has its hands in nearly every corner of the modern tech world. And as cloud computing and the Internet of Things continue to grow, Intel should continue to benefit. Plus, its broad product portfolio and diverse operations might protect investors in comparison to niche chip makers during trade war uncertainty.
Intel has a Zacks Rank #1 (Strong Buy) and “B” grades for Value and Growth in our Style Scores system. The chip behemoth has fared better than many of its peers this year, and part of that is because it has fought hard to win back market share from key competitors. Investors might also find refuge in its relatively stability and 2.5% dividend yield. Moreover, the stock looks attractively priced at just 10.6x earnings.