Quick Read – Applied to Intel (INTC), the adage “Sell in May and go away” offers a convenient excuse to confront an important question: what do you do with a stock that has gone parabolic? – The fundamentals support a rerating, as Intel’s turnaround under CEO Lip-Bu Tan looks…
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The old market saying tells investors to “Sell in May and go away,” parking proceeds until the historically stronger fall months. The seasonal calendar is rarely a good investment thesis on its own. Applied to Intel (NASDAQ: INTC), however, it offers a convenient excuse to confront a more important question: what do you do with a stock that has gone parabolic?
Intel stock closed Tuesday at $120.61, up 11.5% in a week, 93.4% in a month, 226.9% year to date, and 443.8% over the past year. The 52-week range stretches from $18.96 to $132.75, with the stock now trading well above its 50-day moving average of $60.52 and 200-day average of $49.30. The Trim Case The fundamentals support a rerating, just not necessarily at this pace.