Core Insights - Intel is now more likely to consider splitting its operations following the unexpected retirement of CEO Pat Gelsinger, who advocated for keeping the manufacturing and foundry businesses together [1][2] - The potential breakup faces significant challenges, particularly due to conditions tied to nearly $8 billion in federal CHIPS Act funding, which requires Intel to maintain at least a 35% stake in its foundry business [3] Group 1 - The retirement of CEO Pat Gelsinger has shifted the likelihood of Intel separating its internal manufacturing and foundry operations [2] - Analysts from Bank of America noted that both the manufacturing and foundry businesses are facing their own strategic and competitive issues, with no immediate solutions available [4] - Despite a significant decline in Intel's stock value this year, reports of potential investments or acquisitions have provided some positive momentum for the shares [5] Group 2 - Gelsinger's retirement was reportedly influenced by concerns from the board regarding the company's turnaround efforts and competition with firms like Nvidia [6]

Key TakeawaysIntel shares finished lower following the announcement that CEO Pat Gelsinger has retired, effective yesterday.The chipmaker announced a pair of interim co-CEOs as its search for a permanent replacement is underway.Intel shares had lost more than half their value entering Monday as the chipmaker has cut costs and thousands of jobs as it has fallen behind some of its rivals. News that chip giant Intel (INTC) will get a new CEO set the embattled chip maker's shares in motion Monday, with the stoc ...

Key TakeawaysLululemon is set to report third-quarter results after the market closes Thursday.The majority of analysts who research Lululemon and are tracked by Visible Alpha have "buy" ratings on the stock, but the consensus price target is below its current level.In August, Chief Executive Officer Calvin McDonald described a “newness” problem for customers seeking, but not finding, more seasonal product updates from Lululemon. Lululemon Athletica (LULU) is slated to report fiscal third-quarter earnings a ...

Core Insights - Kroger is set to report its third-quarter results, while its proposed merger with Albertsons is facing legal challenges from the FTC [1][2] - Analysts anticipate an increase in sales and profits compared to the previous year, but the average price target indicates a potential decline in Kroger's stock from recent highs [1][3] - The FTC has presented arguments against the merger, claiming it would negatively impact competition, while Kroger and Albertsons argue it would enhance their ability to compete with larger retailers [6][7] Financial Expectations - Kroger is expected to report revenue of $34.23 billion, reflecting a 0.8% year-over-year increase, and a profit of $662.6 million, which is a 2.6% rise [4] - The average target price for Kroger's stock is $58.80, suggesting a potential decrease from its recent closing price of $61.08, which is the highest in over two years [3] Legal Context - The trial regarding the FTC's lawsuit to block the merger concluded with closing arguments in September, with a decision pending [5][6] - Kroger maintains confidence in the merger's potential benefits and expects it to close in the fourth quarter of this year [5][8]

Key TakeawaysTesla shares advanced to their highest level in two-and-a-half years as two analysts published optimistic opinions about the EV maker's future.Roth Capital Partners upgraded the stock and raised its price target, arguing Tesla will benefit from a Trump presidency.Stifel also boosted its price target, pointing to Tesla's self-driving technology and robotaxi opportunities. Tesla (TSLA) shares rose Monday as two analysts offered optimistic outlooks for the electric vehicle maker. Roth Capital Par ...

Source: TradingView.com.Key TakeawaysSalesforce shares are in the spotlight this week as the cloud software company is scheduled to release its quarterly results after the market closes on Tuesday.The stock formed a textbook cup and handle pattern between November 2021 and November this year before breaking out above the bullish chart formation last month.Investors should monitor important support levels on the Salesforce chart around $312, $270, and $232, while watching an upside price target at $500. Sa ...

Key TakeawaysIntel shares rose Monday following the announcement that CEO Pat Gelsinger has retired, effective yesterday.The chipmaker announced a pair of interim co-CEOs as its search for a permanent replacement is underway.Intel shares have lost more than half their value entering Monday as the chipmaker has cut costs and thousands of jobs as it has fallen behind some of its rivals. Chip giant Intel (INTC) will get a new CEO. The company on Monday said Pat Gelsinger stepped down, effective Sunday, with In ...

Chip giant Intel (INTC) will get a new CEO. The company on Monday said Pat Gelsinger has stepped down, effective yesterday, with Intel naming two interim leaders and starting its search for a permanent replacement. The stock was recently up about 4% in premarket trading. Intel said it named David Zinsner, its CFO, and Michelle "MJ" Johnston Holthaus, who has been given the new title of Intel Products CEO, its co-CEOs on an interim basis. Intel has already formed a search committee to find a permanent repla ...

Stocks soared to record highs in November as Wall Street looked ahead to a second term for President-elect Donald Trump.  The S&P 500 climbed 5.7%, while the Dow Jones Industrial Average advanced 7.5% and the Nasdaq Composite added 6.2%. The Russell 2000, an index of small-cap stocks, surged nearly 11%, boosted by expectations for faster economic growth and lower taxes under Trump and a Republican-controlled Congress.  Market participants in December are likely to continue to pay special attention to Trump ...

Lots of things were on sale this Black Friday—but not shares of Tesla (TSLA).  The EV maker’s stock finished the day up 3.7% as broader markets rose, leaving the shares ahead nearly 40% for the year. The stock now has a market capitalization of around $1.07 trillion, according to Visible Alpha data, making it one of only eight companies with a market value above $1 trillion. Part of the reason: a bullish note from Wedbush analyst Dan Ives, who today maintained an outperform rating and a $400 target price o ...