After losing 38.13% in 2024, Intel (INTC) shares refuse to break below $30. The stock found support since May 2024, when shares fell sharply following its quarterly earnings report.
Intel continued to improve its desktop gaming Arc GPU. Expect it to grow market share while Nvidia (NVDA) and AMD (AMD) compete for the high-end markets.
Rumors that Amazon (AMZN) would charge $10 or more for its money-losing Alexa boosted the stock up by 1.6% on Friday. At $189.08, AMZN stock is at a bearish multiple top. The stock must break out above $190, otherwise it risks selling pressure.
AT&T (T), unlike its spin-off Warner Bros. Discovery (WBD), added 4.13% last week. Income investors are no longer concerned about pressures in its core business growth. The stock pays a 6.08% dividend yield.
WBD stock is going the other way. Other than an executive hiring in a newly created position, the company did not announce any negative news that would explain the YTD loss of nearly 37%.
Bears retreated from Cisco Systems (CSCO), leading to a reversal in the downtrend. Other than establishing a cybersecurity center in Taiwan, announced on June 19, 2024, nothing fundamentally changed. Risks are high that CSCO is benefiting from a temporary bounce from a bottom.