The Boeing Company (BA), Lockheed Martin Corporation (LMT): Intel Corporation (INTC) Shakes Off the Market’s Jitters

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Although we don’t believe in timing the market or panicking over daily movements, we do like to keep an eye on market changes — just in case they’re material to our investing thesis.

The markets have started the week with a shaky performance so far, with the Dow Jones Industrial Average bouncing back and forth all day. As of 2:25 p.m. EDT the index is about 34 points in the red. While most of the Dow’s 30 blue chips are losing value today, Intel Corporation (NASDAQ:INTC) has done its best to keep investors’ hopes up today with a strong showing. Let’s catch up on all the Dow action you need to know about today.

Intel Corporation (INTC)

An upgrade for Intel

Intel Corporation (NASDAQ:INTC)’s risen sharply on the day, leading the Dow’s member stocks by a significant margin with a 2.4% gain. Analysts from Piper Jaffrey upgraded Intel earlier today, citing a likely turnaround in the PC division next year that would lift the company’s sales — in 2012, Intel Corporation (NASDAQ:INTC)’s sales fell year over year. The analysts say government institutions and businesses will look to upgrade existing computer infrastructure next year, moving on from older PCs running Windows XP. These upgrades could supposedly replace more than 100 million computers.

This would be a massive windfall for Intel Corporation (NASDAQ:INTC) if the analysts are right. As much as Intel needs to diversify into higher-growth areas, the PC sector still is by far its bread and butter. Intel’s PC client group recorded more than 60% of the firm’s total sales over the first half of the year, with the next-largest segment, the data center group, only recording about 20% of total sales. Falling PC sales have hammered Intel’s results, and it’ll take improvement in that area to turn around the company’s fortunes in the near term even as it moves into stronger markets for the long term.

The Boeing Company (NYSE:BA) shares are also having a nice day, up around 1.5% to trail only Intel Corporation (NASDAQ:INTC). According to sources cited by Reuters, The Boeing Company (NYSE:BA) has taken the lead in a competition to provide 60 fighter aircraft to South Korea’s military, a deal that’s offering more than $7 billion to the winner. The Boeing Company (NYSE:BA) is facing off against Europe’s EADS and fellow American aerospace giant Lockheed Martin Corporation (NYSE:LMT), the latter of which is offering its fifth-generation F-35 against Boeing’s F-15 Silent Eagle.

Lockheed Martin Corporation (NYSE:LMT)’s aircraft has technology and youth on its side, as the F-15 has been around for decades. However, with the costs of the F-35 program soaring, it’s not altogether surprising that The Boeing Company (NYSE:BA)’s older yet cheaper and combat-proven aircraft has taken the lead in South Korea’s competition.

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