Noting that reports have suggested that Intel is looking to sell its security business, Argus says that such a transaction would be positive because it would enable the company to concentrate more on its core businesses.The firm thinks that Intel will be "largely unaffected" by Breixt, and it believes that the stock's valuation is attractive. It keeps a Buy rating on Intel.
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