Orlando, FL -- (SBWIRE) -- 08/20/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Intel Corporation (NASDAQ:INTC), Rite Aid Corporation (NYSE:RAD).
Intel Corporation (NASDAQ:INTC) shares jumped 1.67% to $22.28. Two analysts on August 19 predicted INTC will snap out of its recent sales slump next year as more businesses buy desktop and laptop machines powered by Intel's processors. Piper Jaffray analysts Auguste Gus Richard and Jennifer Baxter upgraded Intel's stock on the expectation that Intel's revenue will rise by 5 percent next year. Although that would be a modest gain, it would reverse two consecutive years of declining revenue, assuming analysts' forecasts for the rest of 2013 pan out.
Additionally, the company on July 17 cut its full-year revenue forecast and said it is scaling back capital spending as it adjusts to a painful contraction of personal computer sales and economic weakness in China, one of its biggest markets.
The company posted second-quarter revenue of $12.8 billion and said revenue in the current quarter would be $13.5 billion, plus or minus $500 million. Analysts expected $12.896 billion in revenue for the second quarter and $13.732 billion for the current quarter. For the second quarter, Intel reported net earnings of $2.0 billion, or 39 cents a share, in line with expectations. That compared with $2.827 billion, or 54 cents, in the same quarter last year.
Are investors worried about the recent updates with INTC? Find out with a free trend analysis HERE
Rite Aid Corporation (NYSE:RAD) shares declined 3.41% to $3.40. The company on August 15 announced that seasonal flu shots are now available at all Rite Aid pharmacies nationwide. Customers can visit any of the more than 4,600 Rite Aid pharmacies to receive a flu shot, which are covered by most insurance plans including Medicare Part B, from a Rite Aid certified immunizing pharmacist, subject to state regulations. Flu shots are available during pharmacy hours and no appointment is necessary.
Additionally, the company on August 1 said its July same-store sales climbed 1.3% as both the front end of the store and the pharmacy counter saw an improvement on that key metric for retailers. In July, Rite Aid said, same-store sales at the front end of the store--where items like toiletries, greeting cards and food products are sold--rose 0.7%. Pharmacy same-store sales climbed 1.6%, bolstered by a 0.4% jump in same-store prescription count.
Is RAD going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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