Intel is set to report fourth-quarter earnings after the bell on Thursday.
Millennials are buying shares 10 times more often than they are selling them, according to the Stockpile trading app.
Watch how the stock is moving in real time here.
Intel is set to report earnings after the bell on Thursday, and millennials are loading up on shares ahead of the report.
According to data from Stockpile, an app that allows trading of fractional stock shares, young investors on the app are buying Intel stock 10 times more often then they are selling. The company is currently the 46th most popular among millennials on the Stockpile app.
This is a surprisingly strong stance, given Wall Street’s lukewarm feelings toward the stock recently. About 56% of the analysts surveyed by Bloomberg are bullish on the stock, while the other 43% are neutral or bearish.
Wall Street is perhaps more hesitant because of the uncertainty around recent security flaws that affect Intel chips. The company has been working to fix a decade’s worth of security issues with its processors, dubbed Spectre and Meltdown. The recently disclosed security issues allow bad actors to exploit the way modern CPUs work to find sensitive information they …read more
Source:: Businessinsider – Technology
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