After profit-takers took Intel (INTC) shares from $40 last month to around $33, the stock is on an unexpected rise. INTC gained nearly 10% on Tuesday on a modest $208 million pledge in investments in Malaysia.
Intel will allocate its capital expenditure to expand its assembly and testing operations in Malaysia. It already has a packaging plant that is nearly complete.
In the database software space, MongoDB (MDB) soared by over 20% to above $400. Although MDB stock has had a bearish pattern formation since 2022, the one-day gain might attract momentum traders. On Monday, the firm posted fiscal third-quarter revenue growth of 18.7% Y/Y to $628.31 million. Non-GAAP EPS was $1.32. Readers should compare that to a $0.02 GAAP EPS on $18.4 million in operating losses.
Boeing (BA) gained 10% yesterday and could be on the cusp of breaking a downtrend that started in the summer. The firm announced a modest, $104 million aircraft carrier deal with the U.S. Navy. On a separate note, Huntington Ingalls Industries (HII) announced a nearly $92 million deal.
The announcement did not explain the rise in BA stock. Investors might consider buying Aerovironment (AVAV), whose downtrend took shares from over $400 in October to a closing price of $264.27. Lockheed Martin (LMT) and RTX (RTX) are also pulling back. As the premium falls, readers might want to add them to the watchlist.
