Intel Stock Plunges After BAC Downgrade Amid Earnings Report – Trade Alerts – Jul 27 2018

Jul 27, 2018 | Intel Stock (INTC), Trade Alerts and Ideas

Intel Stock INTC

On Thursday after the close, Intel released upbeat earnings that met and in some cases beat estimates for the quarter. They reported $17 billion in total revenue, $5.01 billion in net income and $1.05 a share in earnings versus $14.8 billion in revenue, $2.81 billion net income and 58 cents a share last year for the second quarter.

These are huge numbers for the company but quarterly revenue growth was below analysts consensus and the outlook for data-center growth was brought in-line with the estimates by analysts when it was originally above their estimates. Earnings numbers revisions plus the fact that the company is still without a replacement for CEO Brian Krzanich, left Bank of America analysts with a new downgrade to neutral from out perform, despite the strong earnings and strong forward guidance outlook

Intel Corp. shares slipped to a low of $47.57 this morning for a drop of over 8.25%.

This article is an analysis of Intel Stock this morning including the outlook for into the next quarterly earnings report. I entered a number of trades this morning in Intel Stock.

The rest of this Intel Stock strategy article is for FullyInformed Members.

Intel Stock Plunges After BAC Downgrade Amid Earnings Report – Trade Alerts – Jul 27 2018

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk.

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