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Intel Stock Down, Google Up As Markets Start the Week

Posted by Brian Krassenstein on Oct 18th, 2010 and filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Intel Google Stock

Intel is Down, Google Stock Up

The Dow Jones Industrial Average and S&P 500 are off to positive starts this week, but the NASDAQ is in negative territory after a positive day on Friday. Google’s stock is up yet again after a remarkable earnings report on Thursday afternoon. After a 61 point rise on Friday, the stock is up another 1.5%, or $9.50 per share, already today. Investors seem to want a piece of the company which looks like it may have it’s growth trend back intact. Google reported that their 2010 Revenue for there mobile ads will be around $1 billion. In a fast growing market, that Google’s Android operating system seems to be on the verge of taking the lead in, these numbers have excited investors.

A technology company which isn’t fairing so well today, even after a great earnings report last Tuesday, is Intel. Intel is down about 30 cents on the day, or about 1.6%. With a PE ratio of just over 10, and a dividend that yields over 3.3%, the company which is still dominating the PC microchip market seems like a good buy. The possible causes of the weakness in Intel stock is that they are lagging behind in the fast growing market for smart phone and tablet micro processors. Despite this, recent acquisitions and development plans will likely help Intel get a stronger foothold in the market. There have also been reports this morning that Intel may be about to announce a major investment into a social gaming company. A move that would have many investors rather surprised.

There are still many great deals in this market, especially in the tech sector. As an investor you just need to look at the numbers, and decide where you want your money working for you.

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