Takeover paper is going amok in Intel Corp (Ticker: INTC)

[fstp, logo, header] Andrew Giovinazzi believes that he's pinpointed 10 companies that will be the best performing in 2025. He sees the traces that Institutions leave behind when they decide to go BIG on a company LONG term ... and now he's ready to put on trades with SUBSTANTIAL upside. [All the details are here.]( [ag views, logo, header] Takeover paper is going amok in Intel Corp (Ticker: INTC) There was a time not too long ago, beginning of 2022 I think, when INTC was the largest chip maker in the world. Fast forward to fall of 2024 and traders are looking at INTC as a takeover target. As hard as it is to believe the 50 year old company is just worth just a fraction of its competitors. [ded] On a slow market day, INTC volume is going off the hook with calls changing hands near 3 to 1 over puts. There was some takeover speculation from Qualcomm Inc (Ticker: QCOM). [ded] A lot of that take over spec is for this week! This is a lot of smaller retail paper but INTC is already pretty widely held for the dividend. Could this be the week it sees over $30 on takeover rumors. It looks like it could happen. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [fpri] Latest Economic News Signals Trouble Hey Income Hunters, Following dismal European PMI figures … September’s preliminary US Purchasing Managers Index (PMI) showed a similar trend. The numbers revealed a continued contraction in the manufacturing sector (47 from 47.9), while service sector growth also showed signs of slowing down (55.2 from 55.7) however, the real problem showed up in terms of an acceleration of inflation. In other words, while the broader economy continues to look OK, manufacturing is struggling, and inflationary pressures are rising again. This will make it even harder for the Fed who as written about on Monday, [Fed Cut Will Reignite Inflation](, must cut rates regardless of inflation for different reasons. [Today, we’ll look at the worst possible scenario for the Fed and Investors , which may be exactly where we are headed …]( - Bill --------------------------------------------------------------- Never miss an edition of Bill Griffo's Power Income Newsletter ever again. [Click this link to sign up!](  [fpip] New All Time High Close in $SPX Hi Shoppers, Looks like we are going higher. After days of spinning tops, yesterday we had a new high close in the S&P 500 Index (Ticker: $SPX). [FPIP] The support of pitchfork has been holding since the gap opening on Thursday morning. For today that support sits at $5695.32. I am not seeing resistance until $5808. The exhaustion gap I talked about on Sunday in the Invesco QQQ Trust (Ticker: $QQQ) did not pan out: [FPIP] But that’s ok because we always wait for the confirmation before hopping into a trade. QQQ did close yesterday right at that previous high on August 22nd of $485. Once we clear there it will trade higher with resistance at $489.88. Support in $QQQ comes in at $477.33. [Continue here for a look at Nvidia (Ticker: $NVDA) and how it may help with that push higher.]( [P.S. Andrew will be going live today with his Flash 10 strategy, everyone is welcome!]( - Licia --------------------------------------------------------------- Join Licia's trading community and start receiving her Profits In Pumps Newsletter. [Click this link to sign up!](  Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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