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Intel Could Fall as Investors Doubt Forecasts
OptionMonster co-founder Pete Najarian provides options picks Monday, Wednesday and Friday in TheStreet.com's Deep in the Money Calls newsletter.
Guy Adami, stocks editor at OptionMonster.
This morning Bank of America(BAC Quote)/Merrill Lynch upgraded Intel(INTC Quote) to a "buy" rating, saying the chipmaker is starting to see a definite improvement in demand, which will drive margins higher in the semiconductor industry in general.
Sounds kind of like the "green shoots" idea. Maybe the folks at Bank of America missed this, but the market has already been pricing in exactly this kind of improvement for the last three months. ...
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