Market Wrap - Stock pick — Intel Corp

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Craig Pheiffer from Absa Stockbrokers and Portfolio Management chose Intel Corp as his stock pick of the day.

"Im going for Intel. Everyone has a computer or had one in their life that said Intel Inside, but I think the way the world is moving in terms of technology, data, the cloud, artificial intelligence, autonomous cars, 5g etc. All of those technology types require chips and this is the business that Intel is in and I think they're very well geared to benefit from that. In their sector they're also the cheapest in terms of valuation, in terms of price to sales, its well under four. So we like it, it's in our portfolios and had a great run up in the last couple of weeks so I think you don't need to rush out and get it but if it pulls back close to $60 or so I think this is a an $80 year or so in a year's time"
3 Feb 2020 1AM English South Africa Business · Business News

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