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Intel (INTC) reported earnings with a revenue and EPS beat, but it’s the guidance that sent investors running. The company sees Q1 EPS at $0.00 vs. $0.08 expected, and revenue between $11.7B and $12.7B, which puts the midpoint slightly below consensus.
Despite the solid print, the reaction in the stock was negative. So the question now is: where does INTC go from here—and is there a spot worth buying it?
In today’s video, I break down:
- The daily chart and how earnings are pricing it in
- Key support levels where I’d consider a bounce play
- Risk areas where the trade breaks down
- Where price might stabilize
- Whether INTC’s longer-term trend is still intact
Video Length: 00:08:24
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