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Last week Intel released its Q3 2020 earnings. On $18.3 billion revenue it posted $4.90 EPS and raised its fiscal year revenue and earnings target. Moreover, it signaled that it would complete the $2.4 billion buyback balances when the markets stabilize in the future.
Typically, when a company buys back its shares or announces its intention to do so, it is bullish for the stock price. It means that the company views the price as…
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