Is it Time to ‘Wear’ Intel?

Is it Time to ‘Wear’ Intel?

By Carly Forster 

Ever get tired of looking for your phone in your bag or pocket? Intel Corporation (NASDAQ:INTC) is in the process of creating a chipset for wearable devices.

Intel in the News

Intel Corporation (NASDAQ:INTC) has been working on creating a chipset for “wearable” devices so that consumers can be more interactive and comfortable with their handheld devices. Intel’s Michael Bell noted, “Building these devices can be more difficult to do correctly and well than mobile phones since it is something you are wearing, it is visible, has to be comfortable, it’s going to be in contact with your body.”

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A Financial Experts Opinion

On June 7, Motley Fool blogger Travis Hoium spoke positively about Intel Corporation (NASDAQ:INTC) and believes the tech company will “jump ahead” of their competition with their new wearable devices. He pointed out that with Intel’s “high margins and strong cash flow,” the tech company would be ideal for a dividend investor. Hoium has a +5.9% average return on Intel stock.

Hoium has been known to write recommendations about wider known tech and entertainment companies such as Apple Inc. (NASDAQ:AAPL) and The Walt Disney Company (NYSE:DIS). His recommendations have helped earn him a +8.0% average return on all stocks and a 59% success rate.

Hoium recommended a BUY rating for Apple Inc. (NASDAQ:AAPL) on April 16 of this year. He reasoned that although Apple has serious competition from Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)’s Android, they still dominate the market in sales of smartphones and tablets. Since then, the price of Apple Inc. (NASDAQ:AAPL) has gone up from $73.73 to $93.70, earning Hoium a +17.7% average return on the stock.

In addition to his recommendation of the technology giant, on May 8, Hoium also had a positive outlook on Walt Disney. He reasoned that with their box office success, Disney is conceivably “the fastest-moving market of any Dow company.” Since then, the price of Disney has gone from $81.60 to $85.48, earning Hoium a +19.3% average return on this stock.

However, Hoium has not always been successful with his financial advice. On May 22, Hoium advised that it would be a good time to invest in SolarCity Corp (NASDAQ:SCTY). He believed that solar installations would grow another 30% this year, greatly increasing demand. However, this recommendation left Hoium with a -23.0% average return on this stock.

Will you be able to trust Hoium on his latest recommendations based on his past performance history?

Carly Forster writes about stock market news. She can be reached at [email protected]

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