Weekly Wrap: Strategy Drives Intel, Good Growth at Oracle
We don't see value in Intel or Oracle shares today, but Williams-Sonoma looks cheap. Plus, a potential winner amid potential tax reform.
Jeremy Glaser: Intel drives away with Mobileye; Oracle has a strong quarter; Williams-Sonoma looks cheap; and a potential big winner from tax reform. This time on the Morningstar Weekly Wrap.
Intel is spending $15.3 billion to buy Mobileye to give it a stronger foothold in the self-driving car market. Morningstar's Abhinav Davuluri sees strong strategic rationale in the deal given the need for a connection between cars and data centers as vehicles become more autonomous. Still, he's holding his fair value estimate for Intel steady as the premium price they're paying for the firm offsets the potential synergies.
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