Even with the indexes at all-time highs, The Udall Report’s publisher Sean Udall still has a few issues on his “buy” radar. The tech stock strategist shared the fundamental reasons for the two issues and detailed his game plan moving forward on Friday’s PreMarket Plus show.
From Thursday’s high ($47.42) to the premarket low Friday ($39.78), the issue has shed 16 percent. Udall said he hopes for a retreat from the report and purchased shares at $41 in the premarket session. He’s prepared to buy shares even lower if the decline continues.
“Honestly, I looked at the numbers and they seem pretty good,” Udall said of DraftKings.
Steve Jobs, founder of Apple Inc (AAPL), was a master of the technique who “would crush the quarter and guide conservatively.”
While Apple is getting hit on future guidance, it’s still pretty good, he said.
The next issue that he is building a position in is Intel Corp. (INTC). “In fact, as I sell other stuff off, I am picking away at Intel,” Udall said.
“I think it is good correction protection stock; it is basically Dell Tech Inc. (DELL) when Dell was at $18-$20, adjusted for the recent split.”
The discussion with Udall from Friday’s show can be found here:
