Why Is Intel Stock Jumping Today?
Shares of Intel (NASDAQ: INTC) are moving higher on Friday, up 5.5% as of 12:50 p.m. ET. The jump comes as the S 500 (SNPINDEX: ^GSPC) was up 0.3% and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was flat.
The chipmaker's stock is gaining after The Wall Street Journal reported that President Trump is considering a tariff on semiconductor companies that rely too heavily on foreign manufacturers.
The reported this morning that President Trump is considering a tariff on chipmakers that manufacture more chips overseas than in the U.S. If companies don't maintain at least a 1-to-1 ratio of chips fabricated domestically to internationally, they could soon face a stiff tariff.
Source Fool.com
Intel Corp. Stock
€38.88
-2.970%
Based on 20 Buy predictions and 19 Sell predictions the sentiment towards Intel Corp. is rather balanced.
On the other hand, the target price of 29 € is below the current price of 38.88 € for Intel Corp., so the potential is actually -25.41%.
