Wednesday, January 13, 2021

INTC stock: 12% gains - open price $59.00 - 12% gains

 Jan. 13, 2021


It is a big surprise to wake up and saw Intc stock with 12% gain - $59/ share. I like to write down this missing out gains - I did plan to purchase 500 shares of INTC. 

INTC stock

1 hour ago — Intel Corporation's board of directors has named Pat Gelsinger as its CEO. He will take on the role on Feb. 15, 2021. Today's announcement is unrelated to Intel's 2020 financial performance.

Intel Appoints Tech Industry Leader Pat Gelsinger as New CEO

News Highlights:

  • Bob Swan will remain in CEO role until February 15
  • Intel expects to exceed its previously communicated guidance for fourth-quarter 2020 revenue and earnings per share (EPS). Full fourth-quarter results will be released Jan. 21, 2021, as scheduled.
  • The company has made strong progress on its 7nm process technology and will provide an update on its Jan. 21 earnings call.

SANTA CLARA, Calif., Jan. 13, 2021 – Intel today announced that its board of directors has appointed 40-year technology industry leader Pat Gelsinger as its new chief executive officer, effective Feb. 15, 2021. Gelsinger will also join the Intel board of directors upon assuming the role. He will succeed Bob Swan, who will remain CEO until Feb. 15.

Today’s announcement is unrelated to Intel’s 2020 financial performance. Intel expects its fourth-quarter 2020 revenue and EPS to exceed its prior guidance provided on Oct. 22, 2020. In addition, the company has made strong progress on its 7nm process technology and plans on providing an update when it reports its full fourth-quarter and full-year 2020 results as previously scheduled on Jan. 21, 2021.

Actionable Items

Equity research is important for me. I have to learn how to be a value investor. INTC stock research and decision to purchase 500 share of INTC stock did not happen since I was a thinker, but not a risk taker. Even though I understand the risk as a value investor, which is minimum. I could not make gains like $12/ share * 500 share in less than one month. 

I did good research, but I did not take any action. I have some issues with my fear and greedy, and I like to live a life with peace and love, and also work on wealth build as an investor. 

This is my third year from 2019 back to be an investor. I did not invest anything from 2010 to 2019. I act like a baby investor, monkey sometimes. 

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