Why Intel Stock Is Getting Crushed Today
(NASDAQ: INTC) stock is plummeting in Tuesday's trading. The company's share price was down 8.3% as of 2:45 p.m., according to data from S&P Global Market Intelligence.
Intel stock is losing ground today due to macroeconomic and geopolitical risk factors. Investors are worried that manufacturing weakness and a report on U.S. jobs numbers later this week could rattle the market, and concerns that China will invade Taiwan are back in the spotlight.
Investors have been eagerly waiting for the Federal Reserve to cut interest rates, and it looks like the central banking authority is on track to deliver the long-awaited cut this month. But the latest data shows that U.S. manufacturing pulled back in August, and investors are now worried that the anticipated rate reduction won't be the macroeconomic market catalyst that had been expected.
Source Fool.com
Intel Corp. Stock
Our community is currently high on Intel Corp. with 28 Buy predictions and 15 Sell predictions.
With a target price of 38 € there is potential for a 116.82% increase which would mean more than doubling the current price of 17.53 € for Intel Corp..
