If all the market?excitement is too much for you, boring old INTC might work.
Check out our way to manage long term positions on May 7th here
Stocks continue to rally with the earnings surprising just about everyone.? Day-to-day, the SPX finds a way higher and higher for no apparent reason.? The squeeze in commodity names has the whole sector trading again.? Witness the dead turnaround in the miners yesterday.? If all that excitement is too much for you, boring old INTC might work.
Somehow INTC keeps putting up respectable numbers as we migrate from the PC to the Cloud. INTC made a fortune in PC?s and they could very well do so again providing the chips for the servers in the cloud.? Mostly I see a stock that pays a high dividend and is mired in the high 20?s to low 30?s for the last 2 years.? I don?t think anything is going to change that and that is what you want in a CD stock.
A CD stock is not going to 0.? You get a dividend and write long-term calls and forget about.? Right now a INTC Jan 2017 32 call in INTC yields 6.25% plus there is another .78 in dividends.? Seems like a good place to park cash.? I learned this trick from a client a long time ago when MSFT was in the low 20?s.??? I think it can keep working.