A Technical Strategy for Cleveland-Cliffs Inc. (CLF), Intel Corporation (INTC)

You should consider shares of Cleveland-Cliffs Inc. (NYSE:CLF) and Intel Corporation (NASDAQ:INTC) if you are looking for a great stocks to invest in. Starting with the CLF shares, which traded at $7.51 at the close of the recent session, dropping -10.70%. On Tuesday, the company’s shares shed -$0.9 from its value which represented in intraday trading. The stock is now -18.59% lower in year-to-date (YTD) trading. CLF’s intraday high was $7.60 while its lowest price touched $7.08. The stock’s 52-week high price is $12.19, which means the current price is at -38.38%. In terms of trading activity, the daily trading volume rose to 53893582 against 200-day average trading volume of 10,816,166 shares.

What are analyst forecasts for Cleveland-Cliffs Inc. (NYSE:CLF)?

At a consensus rating of 4.14, CLF is trending as a streaking Moderate Buy, as it has been the case a month ago when 7 analysts called it a Moderate Buy. Two months ago, 7 analysts recommended, on average, that CLF stock is a Moderate Buy. The Basic Materials company’s shares’ overall bearish trend saw it close higher on Tuesday compared to its opening price of $7.33 on the day.

Forecasts for Cleveland-Cliffs Inc. (NYSE:CLF) give the stock a fair value for the growth of 16.56% from its last price. The 12-month price forecast for the stock by analysts puts the stock’s mean price target at $9.00, which means the price per share could rise by nearly $1.49. The price range target is between a low of $7.00 and a high of $12.00. The stock would need to gain by about $37.42 to hit the estimated high or 0.88% from its 12-month low.

The consensus among 10 analysts is that it is a good time for one to Overweight in the Cleveland-Cliffs Inc. 6 analysts rate CLF as a Buy, with 0 of 10 analysts rate it as a Sell. 0 have valued the stock as Overweight and 4 have recommended that investors Hold.

Cleveland-Cliffs Inc. (NYSE:CLF) Upgrades and Downgrades

In terms of rating changes, B. Riley FBR on October 01, 2019, Reiterated Cleveland-Cliffs Inc. (CLF) at Buy. They believe the stock could reach $13 in the near term. Analysts at JP Morgan have assigned a Neutral rating for the stock in their research note on September 23, 2019 with an estimated price target of $8. Moreover, Credit Suisse analysts issued a rating of Outperform for the stock on April 26, 2019, giving it a price target of $14 for the next 12 months. On February 07, 2019, the stock earned a Market Perform rating due to an analyst call from Cowen, while analysts from Cowen on January 09, 2019 suggested that the stock is Market Perform.

Intel Corporation (NASDAQ:INTC) adds -$1.59 on Tuesday

The INTC stock has risen 19.48% year-to-date and is currently trading at $56.07, which is -5.91% below its 52-week high. The company shares lost -2.76% on the day and have risen nearly 30.82% off a low hit. At current levels, Intel Corporation has a valuation of about $70.41B. As of 12/03/19, this stock has fallen -4.66% during the week and closed at $57.66 in the previous session. However, recent Intel Corporation stock performance shows that INTC shares are -0.78% down over the last month, and 14.62% up for the last three months.

Earnings per share (EPS) estimates for the current quarter are $1.22, with the trailing 12-month share earnings at $4.27. The ratio is expected to be up by 0.70% for the current year 2019 and 1.50% for next year. Over the next 5-year period, earnings per share will be 7.04%. But will the INTC stock surprise in the current quarter results, where the $1.42 actual EPS reported on 9/29/2019 surprised by 14.50% or was higher by $0.18 from the estimated $1.24.

Sales Growth to climb 1.80% for the year

How well will Intel Corporation perform as a business over the current quarter, year and next 5-year period? Compared to the year-ago quarter, analysts forecast the company to bring in between $19.13B and $19.3B in current quarter sales. The consensus estimated for the current quarter is $19.21B from sales. Forecasts for this fiscal year are between $70.89B and $71.06B and the consensus estimate for sales is at $70.97B. INTC has its next quarter sales estimates at between $15.47B and $17.99B, with the quarter-over-quarter growth estimates at 7.00% and the annual growth forecast for the year at 1.80%.

Who owns shares in Intel Corporation (INTC)?

Let’s briefly focus on the share ownership of the Intel Corporation (NASDAQ:INTC) stock, where we find that 68.80% of shares are held by institutions. Vanguard Group, Inc. (The) tops the list of institutional owners as it is holding 362.51 million shares or 8.33% of shares outstanding. Blackrock Inc. and State Street Corporation held 299.47 million and 195.11 million representing 6.88% and 4.49% respectively at the close of the last trading session. As of Sep 29, 2019, Capital International Investors accounted for 141.2 million shares at over 7.28 billion. This represented 3.25% of shares outstanding. Capital World Investors held 70.93 million shares at over 3.66 billion representing 1.63% of shares outstanding.

INTC Insider Activity

Insider activity can also give a signal in terms of price direction. Looking at Intel Corporation (INTC), a total of 102341 shares have been sold by insiders over the last 6 months while 492784 shares were added in the same time span. On 11/15/2019, Director by the name Goetz James J bought 52000.0 shares worth $3.0 million at the price of $57.88 per share. Filings also show that Goetz James J bought a total of 51500.0 shares on 11/20/2019 valued at $3.0 million. Since the last insider activity, the company’s share price has dropped -0.41%.