SHREVEPORT, La., March 20, 2006 (PRIMEZONE) -- Don Harrold (IARD #119079, http://www.donharrold.net), rates Intel (Nasdaq:INTC), Valero Energy (NYSE:VLO), Qualcomm (Nasdaq:QCOM), and Home Depot (NYSE:HD).
DonHarrold.net provides unbiased stock ratings from registered investment advisors. DonHarrold.net offers subscription services for Swing traders, Day traders and Penny Stock Traders. DonHarrold.net issues daily market commentary and features a member's area with detailed information on over 12,000 stocks.
Important Stock rating Changes for Monday, March 20, 2006:
Intel (Nasdaq:INTC) -- STRONG BUY
http://www.donharrold.net/stocks/INTC.php
Valero Energy Corp (NYSE:VLO) -- BUY
http://www.donharrold.net/stocks/VLO.php
QUALCOMM Incorporated (Nasdaq:QCOM) -- BUY
http://www.donharrold.net/stocks/QCOM.php
Home Depot (NYSE:HD) -- BUY
http://www.donharrold.net/stocks/HD.php
Stock Commentary -- March 20, 2006
Intel (Nasdaq:INTC) was once seen as a "bellweather" stock. Many of you can remember the days when TV analysts would say that "INTC could not drop below" a certain point without causing "damage" to the Nasdaq.
We know now the truth of those statements. 2000 and 2001 proved those axioms correct.
Now, things are different.
Intel is not the dominant global leader it once was. Market cap is down sharply. Competition up just as sharp. The current environment is an amalgam of converging circumstances that involve everything from Asian competition to rising interest rates in the U.S.
My opinion is that all the negative issues in the world won't stop INTC from rising over the short term. Weekly and daily charts tell me that, technically speaking, INTC is oversold. I believe that the stock is in a good position to climb.
At any rate, INTC should be closer to a bottom that a top, and for anyone looking for a reason to buy or hold, that's good news.
About Don Harrold: DonHarrold researches and analyses stocks. His daily commentary is regular and distributed worldwide. He is a Registered Investment Advisor. And, he does not accept third-party compensation to make stock suggestions.