Earnings from Intel were not all that bad but investors, once they see selling, jump into the frenzy. Volumes this morning in the stock are higher as the Data Center Group saw a 7% revenue decline. Earnings though were in line with estimates as they reported $1.11 a share on revenue of $18.33 billion.
For the same quarter last year the company reported $1.42 in earnings and $19.2 billion in revenue.
With the stock plunging over 11% today, here are 4 trades setup to profit from what I think will be another opportunity in Intel Stock (INTC).
The rest of this trade alert and ideas article is for FullyInformed Members.
Intel Stock (INTC) – 4 Trade Alerts In The Plunge – Oct 23 2020
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.