Intel moving into autonomous vehicles business - Bullish long term!

BMW, Intel and computer vision firm Mobileye have signed a deal to develop autonomous vehicles.The three firms will collaborate on the systems needed to make cars that can navigate without any help from a human driver.The vehicles will be capable of driving safely along major roads as well as in suburban and inner city areas.BMW said it hoped the collaboration would mean it could put robot cars into production by 2021.

Intel strategy to move away from PC to other growth areas like autonomous vehicles (this is the future, together with electric car!), cloud computing, data center and IOT should bear fruit soon. Long term target: $40-50 (The dividend payout is one of the best. What are you waiting for?)

Related Post:
Intel Technical Analysis Monthly View

Intel first major mobile win from apple - up to 50% market share

Apple has chosen Intel modem chips for the iPhone used on AT&T Inc.’s U.S. network and some other versions of the smartphone for overseas markets, said people familiar with the matter. IPhones on Verizon Communications Inc.’s network will stick with parts from Qualcomm, which is the only provider of the main communications component of current versions of Apple’s flagship product. Crucially for Qualcomm, iPhones sold in China will work on Qualcomm chips, said the people, who asked not to be identified because Apple hasn’t made its plans public.

http://www.bloomberg.com/news/articles/2016-06-10/intel-said-to-get-chip-order-from-apple-first-major-mobile-win

http://appleinsider.com/articles/16/06/10/intel-lte-modems-to-power-att-version-of-apples-iphone-7---report


Check out here to see why I am still optimistic on Intel altough PC market is shrinking. This is for long term hold:
http://tachartreading.blogspot.com/2016/06/intel-technical-analysis-monthly-view.html

Intel Technical Analysis - Monthly view

From monthly perspective, Intel has ih&s of ih&s within the chart over a span of 10 over years. There is a last ih&s spotted. The measured move is around 45. My target is 40-45-50. Bear in mind this is a long term target.

As long as it does not close below 28, the above would be valid.

There is another confirmation. The formula is to use the sum of the high and the low divided by 2 will be where the price could retrace. The high is around 76 while the low is around 12. Using the formula would get us to $44, within my target range.

Fundamentally, their cash cow PC market is shrinking but dropping slowly. Mobile business see no fruit yet but at least for now they get a contract win from Apple for iphone 7. Data center still strong. IOT still see not much fruits but I expect the hype on IOT to increase in the years to come when more and more devices are connected to one another.

Intel has announced transition to a company that powers the cloud and billions of smart connected computing devices. Whether if the strategy work out eventually remains to be seen. Short sellers are increasing. Once the hype about the success of the strategy increase, watch how fast the price will shoot up once the short sellers cover.

INTC technical analysis

This old man stock is really moving so slow. Intel recently announced they are going to have restructuring (retrenchment target:12K) was affecting the stock price for a short while. From the fundamental perspective, it going to take a couple of years before Intel could see the fruits of its strategy. But from technical perspective I am still of the believe that it will move up to 40+ and my target is 40-50 where I will dump all or most of my stock. Many people are laughing at my target but only the one with the last laugh wins.

I am hoping macro factors and technical elements would push price to my target faster, say end of 2016 or early 2017.