Intel (INTC)

Nov 22, 2022Trade Ideas

Investors may want to pay attention to potential Dogs of the Dow for 2023, including Intel (INTC). Still severely oversold, analysts like the stock here. Cowen, for example, just reinstated a marker perform rating on INTC, with a $31 price target. Evercore ISI just initiated an outperform rating on the stock with a $36 price target. Better, INTC still carries a respectable dividend yield of 5.04%.

So, not only can you get paid to wait for the stock to recover, you can profit from Intel’s eventual price appreciation, too. Insiders have been actively buying, too. Director Tan Lip Bu just bought 50,000 shares for just under $1.5 million on November 18. On November 8, the insider picked up 48,146 shares for just under $1.4 million. And on November 4, another 1,854 shares. CEO Patrick Gelsinger also bought more than 23,000 shares for just over $750,000 in late August and October.

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