Intel needs more than a new CEO, best to avoid stock, Barron’s says

Pat Gelsinger’s reign at Intel (INTC) began nearly four years ago with a flood of initiatives and hope for the future of the tech titan, but it ended with a whimper. Gelsinger stepped down this past Monday with no successor in place. Now the short-term demands of investors may be at odds with the long-term health of the company, Adam Levine writes in this week’s edition of Barron’s. Until a new management team shows it can balance Intel’s short- and long-term priorities, investors should avoid the stock, the author says.