🍨 Daily Scoop: Intel’s Big Plans | Trade Stocks

Intel’s Big Plans

By Mon, Jul 19, 2021

Hey Scoopers,

Although the markets received a better-than-expected retail sales report, a consumer confidence report helped drag the indices down. — More on that in the “Overall Market” section.

Beyond the overall market, a biotech company made the headlines once more after the reports announced it would be included in the S&P 500 index this week. Meanwhile, a Chinese private company has faced more problems with government regulators. — More on that in the “What’s Up?” and “What’s Down?” sections.

By the way, Intel wants everything related to semiconductors. — More on that in the “Water Cooler” section.

But, first, here is a recap of what happened in the market yesterday:

  • U.S. markets: The stock market ended in the red zone on Friday. Scroll down to the “Overall Market” section to read more.
    Cryptocurrency: Bitcoin’s price decreased to $31K per coin.

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Week of Mixed Feelings

The stock market ended in the red zone after the previous week’s last session.

Despite a better-than-expected increase in retail sales, the markets had a gloomy day as a consumer sentiment report disappointed. Along with customers losing confidence, core consumer and producer prices increased at the fastest pace in more than a decade.


Keep Rising

So, what happened?

Shares of Moderna (Ticker: MRNA) were up by more than 10% on Friday. The biotech company’s stock continued to improve as news announced Moderna would now be part of the S&P 500 index as of July 21st. The company would replace Alexion Pharmaceuticals, which is being acquired by AstraZeneca (Ticker: AZN). It seems that successful clinical trials were not the only good news for Moderna last week.


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The Chinese Crackdown

So what happened?

Shares of Didi Global (Ticker: DIDI) were down by more than 3% on Friday. The China-based ride-hailing company’s stock value slightly decreased after another Chinese crackdown on its private companies. This time, Didi was the subject of an onsite cybersecurity review from officials of at least seven different government departments. Although the Chinese government rarely explains its reasons for the crackdowns, analysts believe it is related to its U.S. market battle.


Intel’s Big Plan

So what happened?

Intel (Ticker: INTC) reportedly is in talks to buy GlobalFoundries for more than $30 billion. The chipmaker giant believes the move would boost its plans to make more chips for other tech companies. If concluded, the acquisition would be Intel’s largest purchase in the company’s history. Although Intel has plans to acquire the company, GlobalFounries could proceed with its initial public offering. However, Intel CEO Pat Gelsinger said the company would launch a major push to become a chip manufacturer for others, increasing its market share against Taiwan Semiconductor Manufacturing (Ticker: TSM). With a market value of $225 billion, Intel has announced more than $20 billion in investments for 2021.

If you have any questions, or suggestions let us know by emailing us at [email protected]. We look forward to hearing from you.

About the Author

Felipe Nebesnyj is an Economics student who is passionate about the stock market and investing in the market. Originally from Brazil, he is working and studying in the U.S. and started learning about and researching the stock market at 16. Before joining Stock Card, Felipe worked on multiple stock market research projects that gave him the necessary knowledge and confidence to put into his stock market analyst career at Stock Card. Last but not least, he is an excellent violinist and enjoys video games.