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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
- US nonfarm payrolls blow past expectations in August; unemployment rate steady at 4.1%
- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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2 reasons why Intel's (INTC) stock break-out can continue
September 8, 2023 9:27 AM EDTBeaten-down U.S. semiconductor stock Intel (NASDAQ: INTC) is up 45% year-to-date but the momentum can continue as fund managers are massively underweight the stock and it is seen as a domestic semiconductor winner as the U.S.-China trade war intensities, highlighted by the recent news that China is putting restrictions on government officials using Apples iPhones.
"How long can long only mangers continue to underweight or avoid INTC?," Mizuho desk analyst Jordan Klein asks in a note to... More
