After Intel issued a negative preannouncement based on weak business PC trends, Argus says that the company's results usually weaken in Q1 versus Q4. Moreover, the firm thinks that a number of PC demand drivers, including the Windows XP refresh cycle, remain intact. The firm reiterates a $41 price target and Buy rating on the shares.
Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGSSnap (SNAP) up... To see the rest of the story go to thefly.com. See Story Here
Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.
Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here