Intel Corporation (NASDAQ:INTC) shareholders can cheer about as the stock is 35% up for the year at the back of offering a 96 cents a share dividend yield that looks exciting compared to that offered by peers in the space. Despite the impressive run, an analyst at CLSA downgraded the stock to a sell something that has not gone well with CNBC’s Jon Najarian. Evercore Partners has also raised concerns over eBay Inc. (NASDAQ:EBAY)’s payment system that is poised to face stiff competition with the entry of more players into the mobile payments arena.
“Intel is indeed hitting on all cylinders; they raised the dividends yesterday. They told us they would beat this 40 million tablets, now they confirm they will be there. I don’t know what this person of CLSA has seen, “said Mr. Najarian
The analyst who downgraded Intel Corporation (NASDAQ:INTC) took issue of the company’s PC sales which have been on an impressive run against the overall industry performance, which has remained flat. The analysts argues’ that the company’s PC sales could shrink in the coming months consequently affect the company’s sales. Concerns have also been raised that the company’s data centers momentum may cool down going forward.
CNBC’s Joshua Brown believes that Evercore sentiments about eBay Inc. (NASDAQ:EBAY) are justifiable on the fact that the mobile payment space is already crowded with more players already showing clear intention of tapping into the space.
“I think it is pretty clear that it is really PayPal business to loose. They are the kind of legacy players with online payment, and as things go mobile they are not necessarily going to be as big as they were on the desktop, “said Mr. Brown.
Evercore has already downgraded eBay Inc. (NASDAQ:EBAY) to a sell with a share price target of $49 from $52. EBay is planning to offload PayPal much to the concern of analysts as the independent entity will have to devise mechanisms of shunning imminent competition from Alipay and Apple Pay.
A downgrade of Microsoft by Jefferies to a sell has not gone well with CNBC Stephanie Link, who believes that the company is on the right track with the ongoing expansion on PCs. Microsoft Corporation (NASDAQ:MSFT) is also pushing for market share on the cloud.
Microsoft Corporation (NASDAQ:MSFT) has been criticized on its Nokia acquisition which Link believes could become profitable sooner than what many people are expecting.
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