Intel Corp Shows Strong Q2 Results and Free Cash Flow - Shorting INTC Puts is Still the Best Play

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Intel Corp Shows Strong Q2 Results and Free Cash Flow - Shorting INTC Puts is Still the Best Play Mark R. Hake, CFA Sun, July 26, 2026 at 6:30 AM PDT 5 min read INTC Intel Corporation (INTC) exceeded analysts' expectations for Q2 revenue and earnings on July 23. In addition, after excluding a one-time payment, free cash flow (FCF) was positive. So, INTC looks cheap. One play is to short out-of-the-money puts. INTC was down about 4.6% on Friday, July 24, at $92.32 , after an initial after-hours jump. The stock is down over a third (-34.5%) from a peak of $140.94 on June 22. More News from Barchart Fed Decision, Tech Earnings and Other Can't Miss Items this Week Option Volatility And Earnings Report For July 27-31 Everyone Loves November Soybeans Right Now. History Doesn't! Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. INTC stock - last 3 months - Barchart - July 24, 2026 But it could be worth s...

Amazon seeks federal approval to launch 5,105 satellites for direct-to-device network

Amazon has asked federal regulators to approve a request to launch up to 5,105 internet satellites as part of a constellation that will provide direct-to-device connectivity. The company first telegraphed plans to launch a D2D network in April, when Amazon announced that it would acquire satellite operator Globalstar in a deal worth about $11.6 billion . D2D networks provide connectivity straight to smartphones or other devices via satellites in place of traditional cell towers. In a Saturday application with the Federal Communications Commission, Amazon said its D2D network would combine its existing infrastructure with Globalstar's satellites and spectrum. Amazon is targeting users who are "unserved or underserved" by existing wireless providers, the filing states. Other applications include supporting emergency operations like search and rescue, and extending connectivity for worksites, fleets and supply chains that are remote or harder for terrestrial networks to reach. "Amazon looks forward to delivering on the promise of D2D connectivity, including to the millions of people living, traveling and working in places beyond the reach of existing networks today," the company wrote. Amazon previously said it expects the Globalstar deal to close in 2027, with deployment of the D2D network beginning in 2028. The company has been working to build out its Leo internet-from-space network since last April, which aims to compete with SpaceX 's Starlink, the dominant low earth orbit internet provider with a constellation of more than 10,000 satellites. Amazon now has more than 390 satellites in orbit, which it recently said is enough to begin "initial service" later this year. Last month, Amazon got a reprieve from the FCC when the agency granted its request to waive a requirement to deploy 1,600 of its first-generation satellites by July 30. It's still required to launch all 3,232 of its planned satellite constellation by July 2029. Amazon's D2D network will compete with SpaceX's fledgling service, called Starlink Mobile. SpaceX has acquired wireless spectrum licenses from EchoStar to support its network, and it offers direct-to-cell service via T-Mobile in the U.S.

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