Intel (INTC) reported their quarterly results last night after the close, and they were good. I know what you’re saying… “CJ, the stock is trading 10% lower this morning, how could the results have been good?”
Follow me here. Last quarter’s earnings beat analyst expectations, just like last quarter. Traders, note that I said traders, are reacting to the company lowering their guidance for the current quarter, nothing more.
Intel’s story is going to be an exciting one this year. I see another 40-50% of upside in the stock.
I explain that and the “buy the dip” opportunity on this AI Sleeper stock in our latest YouTube video.
About the Author
Chris Johnson (“CJ”), a seasoned equity and options analyst with nearly 30 years of experience, is celebrated for his quantitative expertise in quantifying investors’ sentiment to navigate Wall Street with a deeply rooted technical and contrarian trading style.