The US Stock Market Continues to Set New Records: What’s Next?
US Stocks are hitting one new high after another. The Morningstar US Market Index is up more than 21% so far this year, having rebounded from an August swoon. The index is up about 65% since bottoming out in September 2022. “We’ve been surprised to the upside by how resilient equity markets have been, even in the […]
Intel Fair Value Estimate Remains Steady Despite…
.jpg?w=1024&resize=1024,1024&ssl=1 "Intel Fair Value Estimate Remains Steady Despite…")
We intend to maintain our $21 (C$28.40) fair value estimate for no-moat Intel INTC and $180 (C$243.41) for narrow-moat Qualcomm QCOM following The Wall Street Journal’s report on Sept. 20 that Qualcomm “made a takeover approach to rival Intel in recent days.” No deal price was discussed in the report, and we agree with the Journals assessment that there would […]