I'm hearing and reading the wrong analysis on Intel earnings and the early reaction thereto.
Intel, the world's largest semiconductor manufacturer, did report better-than-expected numbers last night for the March quarter. The stock is trading down in the premarket. Wells Fargo and others' stocks traded up on better-than-expected earnings. Does the fact that Intel in trading down mean that the rally is over? No, or at least not necessarily.
Tech has outperformed off the bottom and cyclical tech has done very well. Investors have priced in a cyclical bottom (unless we need to get to a lower low, which is another story). Intel is trading down because the company gave no indication of when things will get better.
Even when you're at the bottom, yo can stay there for a long time.
Intel, the world's largest semiconductor manufacturer, did report better-than-expected numbers last night for the March quarter. The stock is trading down in the premarket. Wells Fargo and others' stocks traded up on better-than-expected earnings. Does the fact that Intel in trading down mean that the rally is over? No, or at least not necessarily.
Tech has outperformed off the bottom and cyclical tech has done very well. Investors have priced in a cyclical bottom (unless we need to get to a lower low, which is another story). Intel is trading down because the company gave no indication of when things will get better.
Even when you're at the bottom, yo can stay there for a long time.
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