Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Intel Forges Back Into Phones


Strengthen your portfolio in good times and bad.

Intel Deal with Nokia

Intel Corp (INTC) is making another big push into the mobile phone industry. According to Bloomberg, the world's largest chipmaker will host a conference call today announcing its plans to provide processors to Nokia (NOK) for its production of mobile devices. Details are still unavailable, but some analysts are still excited over the news because Nokia is the world's largest maker of mobile phones.

Just last February, Intel said it landed a contract with LG Electronics, the third largest phone-maker in the world. CEO Paul Otellini scrapped his predecessor's $5 billion investment into the field in 2006 after he felt the company was late to the market. Now, he's attempting to make the push back into phones to lessen Intel's dependence on computers, which account for approximately 90% of sales.

From the Bull Pen: For those that like Intel, the big support is at $15 which also coincides with its 200 DMA. A sell stop can be set below that level.

From the Bear Cave: Increased competition is making it very tough for Nokia. And the headwinds could get stronger should the economy turn lower. Those currently playing the downside can set a short term buy stop above yesterday's high ($14.50).

Quick Check Around the World

Asian trading closed with the Hang Seng -2.89%, India -0.02%, Shanghai -0.12%, Nikkei -2.82%, and Taiwan -2.27%.

Glancing towards Europe, we see the FTSE 0.40%, CAC 0.01%, DAX 0.58%

As of 8:10 AM EST, S&P Futures are trading +4.3 to 892.90 and Nasdaq futures are +4 to 1432.00.

A Look at Commodities

Over in commodities, crude oil is trading +0.09 to 67.59 while gold is +3.40 at 924.40 this morning. Silver is +0.100 to 13.80 and copper +5.05 to 218.25.

The dollar index is -0.395 to 80.7500.

On the Radar


10:15 Existing Home Sales 4.83m cons

Click here to see the full trading radar.

Good luck today!
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos