Intel drops on earnings, but two traders still see opportunity $INTC $SMH (via TradingNation)
"The space is definitely made up of more than one [type] of semiconductor, and I say you would have to be careful here. I wouldn't trade it in a broad way, I would look at very specific stories. I think the remote working, working from home, cloud storage, productivity, even gaming, those are very strong stories.
"We are actually a big supporter of Intel. I think that that's an interesting name and one that benefits from the things that are very strong right now," she said., managing director of Ascent Wealth Partners, says those kinds of drops are par for the course for Intel. "If you look at Intel, [it's had] a series of 34%, 34%, 26% declines — we just saw a 37% decline, so we've seen it three other times. Support is in place around $46," said Gordon during the same segment. Intel is now 15% from its high."Another stock that has been a favorite of ours at Trading Nation has been
. I mean, just look at this — in 20 years we've just broken above a range right around the $55 region here. AMD I do hold personally and something we'll be looking to add," said Gordon.
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