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Intel Stock Price Levels To Watch As Struggling Chipmaker's Earnings Loom

~2.4 mins read

Intel (INTC) shares will be in focus this week as investors await the beleaguered chipmaker’s third quarter results after Thursday’s closing bell.

Analysts expect the company to report a decline in revenue for the period owing to softening demand for both its PC and server chips as it faces intensifying competition from rivals, such as Advanced Micro Devices (AMD) and artificial intelligence (AI) darling Nvidia (NVDA).

Investors will look for further updates from executives about the company’s turnaround plans, which has helped underpin a 23% recovery in the chipmaker’s stock from its early-September low. However, the shares still remain more than 50% lower since the start of the year through Friday’s close, as the company’s dominance in the chip market continues to shrink.

Below, we take a closer look at the technicals on Intel’s weekly chart and point out important price levels to watch out for as the chipmaker prepares to report its quarterly results.

Since breaking above the neckline of a double bottom on above-average volume last month, Intel shares have remained stuck in a sideways drift, with a doji forming last week—a candlestick pattern that indicates indecision.

Moreover, the relative strength index (RSI) has flattened out in recent weeks, confirming rangebound conditions in the stock.

Amid the potential for earnings-driven volatility, let’s outline several important levels on Intel’s chart that investors will likely be watching.

Firstly, it’s worth keep an eye on the $22 level. This area on the chart sits just 3% below Friday’s close and has provided support over the past month near the double bottom pattern’s neckline.

A decisive breakdown below this region could see the chipmaker’s stock revisit the $19 level, an area where bargain hunters may look for buying opportunities near the August and September double bottom troughs.

A breakout above the recent sideways drift may drive a move up to around $25. Investors who have purchased the stock at lower levels in recent months could seek exit points near three prominent swing lows that formed on the chart between October 2022 and February last year.

A rally through this level could see the shares climb to $30, a location where the price may run into overhead selling pressure near major peaks and troughs on the chart from November 2022 through to June this year.

Finally, a more bullish move may lead to a retest of the $36 level, an area just above the 50-week moving average where investors could decide to lock in profits near a trendline connecting a range of comparable trading levels on the chart between June 2022 and July this year.

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Why not bathe a child daily?

Lots of bathing can lead to dry, irritated skin. But also, the skin has natural protective oils, and natural bacteria, that help to keep us healthy and safe — and that can get washed away with daily bathing.

If your baby or preteen looks pretty clean, isn't stinky, isn't covered in bug spray, and hasn't been in a pool or other body of water, it's fine to skip the bath or shower. Really, bathing two or three times a week is fine. In fact, for many kids, even just once or twice a week is fine. You can always do a quick wipe with a wet washcloth to the face, groin area, and any dirty spots.

Stinky teenagers might need more bathing or showering, depending on activity level and deodorant use. But even they may be able to get away with washing their face and using a soapy washcloth on their groin and underarms.

Tips for healthy bathing

When you do bathe children, here are some tips for healthy bathing.

Don't use hot water — use warm water instead.

Keep it short — preferably just enough time to get the washing done.

Avoid antibacterial soaps and bubble baths. Use mild, unscented soap and shampoo.

Make sure bathing is supervised for all babies and young children.

Pat dry rather than rubbing dry. If your child tends to have dry skin, using a mild, unscented greasy moisturizer after the bath can be helpful.

If your child has eczema or any other skin condition, check with your doctor to get tailored advice for bathing your child.

Source: Harvard Health Publishing

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Investopedia

What You Need To Know Ahead Of AMD's Earnings

~1.3 mins read

Advanced Micro Devices (AMD) will report third-quarter financial results after the closing bell Tuesday, with analysts calling for significant earnings growth.

Analysts expect the chipmaker to report revenue of $6.71 billion, up nearly 16% year-over-year, according to Visible Alpha. Net income is projected to be $815.76 million or 50 cents per share, more than double the $299 million or 18 cents per share AMD posted a year earlier.

In July, AMD reported data center revenue in the second quarter more than doubled year-over-year to a record $2.8 billion, as demand for the company's artificial intelligence (AI) chips surged.

Analysts expect data center revenue to rise to a fresh high of $3.52 billion for the third quarter. CEO Lisa Su said in July that AMD expects to “deliver strong revenue growth in the second half of the year led by demand for Instinct, EPYC and Ryzen processors."

At the company’s Advancing AI event earlier this month, AMD launched its next generation of AI chips but did not raise its AI sales guidance or announce any new large customers as many investors had hoped. Jefferies analysts suggested investors could be watching for those updates to come with AMD's earnings Tuesday.

Over 80% or 13 of the 16 analysts covering AMD tracked by Visible Alpha have a "buy" or equivalent rating for the stock, with an average price target of $192.13, implying about 23% upside from Friday's closing price of $156.23. Shares of AMD have gained 6% so far in 2024.

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Investopedia

How American Airlines Is Fighting 'Gate Lice' In The Boarding Process

~2.7 mins read

Hate what a mess boarding an airplane can be? So do airlines.

Many flights see dozens of passengers line up to board well before they should in order to snag limited overhead bin space. Some travelers try to scam their way onto flights early with wheelchairs. All told, the process is a source of stress for just about everyone involved at a time when most people likely just want to sit down and take off—which is why airlines are continually trying to refine things.

American Airlines (AAL) is the latest.

American is changing a procedure that may help eliminate "gate lice." For those of you unfamiliar with the term, "gate lice" is a pejorative used to describe people who hover around boarding gates well before it's time for their group to board.

"Generally you'll find more 'gate lice' ... heading to or back from leisure destinations, and traveling at peak leisure times," said Gary Leff, proprietor of the travel blog . "Sundays in Orlando, for instance!"

American Airlines is testing a system at three airports—Albuquerque International Sunport in New Mexico; Tucson International Airport in Arizona; and Ronald Reagan Washington National Airport—that will produce a sound to alert gate agents when people try to board before their group is called.

"We are in the early phase of testing new technology used during the boarding process," American Airlines said in a statement to . "The new technology is designed to ensure customers receive the benefits of priority boarding with ease and helps improve the boarding experience by providing greater visibility into boarding progress for our team."

Southwest Airlines (LUV), meanwhile, this summer announced it would be changing an open seating policy that has been in place for more than half a century, moving to assigned seats more in line with most of the industry.

In doing so, it may inadvertently address another boarding wrinkle sometimes called the "Jetbridge Jesus" phenomenon. To get an early start on open seating, some Southwest passengers request wheelchairs so they can board early and get desirable seats. Some Southwest flights see 20 or more passengers need wheelchairs to board, but only a few who need them to deplane, reported.

Behold, the healing powers of flying! ("Preboarding for those with disabilities is protected by DOT regulations," a Southwest spokesperson told . "It's not our place to pontificate on those disabilities.") Assigning seats might not completely eliminate some travelers' desire to board early, but it could reduce the tension that lead some to seek an edge.

Whatever Southwest's intention when it announced the change—it had been under pressure for months from activist Elliott Investment Management to shake up the company—passengers will be thrilled that one of their annoyances could go away.

Among other airlines adjusting their seating policies, United Airlines (UAL) earlier this year launched a feature that would alert travelers if seats they preferred on crowded flights became available after they booked their tickets, according to reports, and last year launched a "window-to-aisle" boarding process it says is intended to speed the process.

Delta (DAL), meanwhile, earlier this year returned to boarding by zone numbers rather than by named groups, reportedly a bid for more simplicity.

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Intel Stock Price Levels To Watch As Struggling Chipmaker's Earnings Loom

Does Your Child Need To Bathe Every Day?

Why not bathe a child daily?

Tips for healthy bathing

What You Need To Know Ahead Of AMD's Earnings

How American Airlines Is Fighting 'Gate Lice' In The Boarding Process

Man Goes The Extra Mile To Avoid Marrying The ‘love Of His Life’.

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