Intel Sees Semiconductor Inventory Decline & 3 Dow Movers to Watch
Intel Corporation (NASDAQ:INTC): Current price $21.61
Intel saw an unexpected large decline of 5 percent in fourth quarter semiconductor market inventory, says Digitimes. Citing IHS iSuppli, the site said that inventory value in dollar terms slid nearly 5 percent in comparison to the originally forecast 3 percent.
JPMorgan Chase & Co. (NYSE:JPM): Current price $50.62
A proposal by the Federal Reserve Bank of Dallas to limit government support for banks could require JPMorgan and Bank of America Corporation (NYSE:BAC) to cut back their domestic consumer and commercial-lending divisions by over half, according to Bloomberg.
United Technologies Corporation (NYSE:UTX): Current price $93.43
Singapore is in the “final stages of evaluating” the F-35 through which to upgrade its air force, and sources predict that should rapidly result in orders for several dozen of the warplanes, says Reuters.
Verizon Communications (NYSE:VZ): Current price $48.60
The joint-venture between Verizon and Coinstar (NASDAQ:CSTR), Redbox Instant by Verizon, might debut its public beta test as early as Thursday, according to GigaOM, citing an industry insider. The service will offer subscribers Redbox rentals as well as Netflix-like (NASDAQ:NFLX) streaming.