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Bloomberg Podcasts · Intel Drops, Qualcomm Falls, Lowe's Gains After Upgrade at Citi for Continued Outperformance |...
- 1. Intel shares dropped over 8% as questions arise about the chip stock rally's sustainability.
- 2. Intel's status as the most expensive chip stock makes it a target for short sellers.
- 3. Qualcomm shares fell more than 10%, with high trading volume, amid US-China trade discussions.
- 4. Lowe's received a "buy" upgrade from Citi, with analysts expecting strong Q1 earnings performance.
- 5. Lowe's is attractive due to its focus on smaller DIY home improvement projects.