Intel Stock Down Ahead of Q1 Earnings Report

INTC's post-earnings price history has been mostly negative

Deputy Editor
Apr 23, 2020 at 3:22 PM
facebook X logo linkedin

The shares of Dow component Intel Corporation (NASDAQ:INTC) are down 1.4%, to trade at $59.30 this afternoon, just ahead of the firm's first-quarter earnings report, which is due out after today’s close. Below, we'll dig into how INTC has fared after past quarterly earnings reports, and take a look at the sentiment currently surrounding the stock. 

On the charts, INTC is testing its footing just above its 100-day moving average --a trendline the equity has been dancing around since its early April bull gap. The stock is also pushing back up against its year-to-date breakeven, with just a little over a month's distance from its nine-month low of $43.63.

INTC Chart April 23

Sentiment surrounding the blue chip is mostly lukewarm. Of the 28 analysts in coverage, 14 consider it a "hold," while four say "strong sell."  Mirroring this is the equity’s consensus 12-month target price of $63.38, which is a conservative 3.2% premium to the stock’s current levels.

In the options pits, Intel’s 10-day call/put volume ratio of 2.74 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits in the 94th of its annual range. This suggests a healthier-than-usual appetite for long calls of late.

History shows that Intel stock has been mostly negative following its earnings reports over the past two years. Of the last eight next-day sessions, just three were positive, though INTC enjoyed a post-earnings pop of 8.1% during each of its last two reports. This time around, the options pits are pricing in an 8.7% shift, which is slightly higher than the 5.5% swing the security averaged during these last eight sessions, regardless of direction. 


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!




Rainmaker Ads CGI