Chip Stocks Are Hot Leading Stocks Higher, But Intel May Crash The Party
January 24, 2019 at 20:50 PM EST
Intel is guiding revenue to $16B versus estimates of $17.40B, a significant miss. The stock is trading down to $46.50 in the after-hours. $46 is clearly support for the stock, but I worry that it won’t hold tomorrow. Very disappointing.