INTC - back to September 2000

With moderate price chop in the broader market, Intel (INTC) was a standout, settling higher by a very significant 4.6% @ $35.94. This is the highest daily close since Sept'2000. Outlook is bullish, with a very valid upside target of the $50s by summer 2015.


INTC, daily

INTC, 20yr, monthly

Summary

*it is notable that whilst the core of the tech market blew up in March'2000, some stocks still managed new highs later that year, with INTC being one of them.
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Intel remains one of my top tech stocks, and I certainly have more respect for it than AAPL or the GOOG.


The $50s in the current multi-year rally... really?

Considering the broader trend, I've now little doubt INTC will just keep on battling higher for another 6-9mths.. perhaps even a year or two beyond that. With a superb product line, INTC has a secure long term future.