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Intel decides on path where ‘there is no easy or quick fix,’ and the stock is getting pounded MarketWatch 1/22/2021
THE RATINGS GAME
Intel Corp. on Friday morning handed back a stock surge from the day before and then some, as strong results from the chip maker were overshadowed by the incoming chief executive’s announcement about manufacturing.
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Intel shares fell as much as 8.8% Wednesday morning, erasing a 6.5% run-up in the last minutes of trading Thursday after the company released its quarterly report earlier than expected with results and an outlook that topped Wall Street estimates.
Pressure on shares started during Thursday’s conference call, when incoming CEO Pat Gelsinger walked back expectations that the company would rely on third-party manufacturers to make its chips. That conversation began back in July, when Intel said manufacturing issues would delay the release of its next-generation 7-nanometer chips and that it could use “some
As Pat Gelsinger returns to Intel Corp. as chief executive, investors are likely to skim past the chip maker's quarterly results and short-term outlook to look for more detail on the company's nebulous plans to get back on track as a chip leader.
Micron stock targets hiked by more than half of analysts as big demand turnaround seen in 2021 MarketWatch 1/8/2021
THE RATINGS GAME
Micron Technology Inc.’s stock received price hikes from more than half the analysts who follow it Friday and shed its holdout sell rating on expected strong growth in 2021.
Late Thursday, Micron confirmed that the memory-chip market is turning around reporting results and an outlook that topped Wall Street estimates, adding that the outlook would have been stronger if not for non-memory chip shortages hampering production in the computer industry.
Micron shed its final holdout “sell” rating as Morningstar analyst Abhinav Davuluri raised his rating on the stock to three stars, or a hold rating, from two stars, and hiked his price target to $65 from $50.