Analyzing INTC- Intel Corporation: A Planetary Perspective
#169 $INTC - Utilizing the Mass Pressure Index and Foldback Scenario to Forecast Possible Market Turns in 2024
Introduction
In April 2023, I posted an analysis on INTC- Intel Corporation following a fold-back scenario from the lows of 2022. Since then, the stock has been following this foldback until late 2023.
In 2023 INTC followed a similar path as found in the Mass Pressure Index for 2008-2009, as seen in the chart above. The 2008-2009 analog is a significant 15-year cycle, after which you could expect the stock to change trend. On the Artificial Intelligence trend, the stock has been rather bullish in 2023. Will this trend continue?
Recently, the company reported a weaker-than-expected outlook for the first quarter of 2024, with first-quarter revenue between $12.2 billion and $13.2 billion, lower than the Wall Street forecast of $14.2 billion. This caused a stock drop of more than 10% in after-hours trading. However, Intel's CEO, Pat Gelsinger, remained optimistic and expects revenue and EPS growth for each quarter of 2024—source: Q4 2023 Intel Corporation Earnings Conference Call.
For the premium subscribers, I have analyzed the stock again in the update below and renewed my forecast for 2024. Based on this analysis, I wonder if Intel’s CEO's optimism is justified. Based on planetary analysis of all significant aspects in the past, Intel may face more challenges than currently expected.
This analysis is intended for general informational & educational purposes only. Hypothetical or simulated performance based on past cycles has many limitations. Cycles can contract, extend, and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Please take a look at our full disclaimer.
Disclosure: Positions at the time of writing.