A Glimpse of the Glory Days

 | Apr 24, 2013 | 3:11 PM EDT  | Comments
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Stock quotes in this article:

msft

,

intc

,

aapl

Dumb Tech rules!

Isn't that how you have to feel about the now endless assault to higher ground by Microsoft (MSFT) and Intel (INTC), the two higher-yielding stalwarts that were supposed to have lost their mojo.

Now, first, this is not a reflection of anything that's happening with Apple (AAPL) other than the dedicated tech money coming from Apple into the logical suspects, of which Intel and Microsoft are still very much a part.

I think the Intel rally has to do with a new CEO coming in who can give the company a renewed focus away from desktop personal computers. Heaven knows, expectations are low enough that if there is a pulse in the fall this one can go higher.

Microsoft is the function of two high-profile analysts recommending Sell at the same time when they should have been recommending Buy. Goldman Sachs and Nomura must have convinced legions of hedge funds to bet against this snail of a stock and their covering feels like rocket fuel.

Yes, Microsoft and Intel have the same problems. They aren't in the hot products. But at the same time, they have good gross margins, some consistency, lots of fire power and are so underowned that you can see the scramble happening every day.

These stocks want to go higher.

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