Last quarter, Intel blew it away,,,remember? The best quarter in its history. The stock caught a bounce then failed miserably and dropped about 20% to the August 31 low. It has recovered slightly, but know one real cares except the vanilla portfolio managers that ‘have ‘ to own it.
What is more telling to me is what the ripple effect was. Although $INTC was a super nova and dissipated quickly, it probably had a lot to do with the beginning of a nice rally in technology in general. Below is a chart of the the $XLK. Intel reports today after the close at 4:15 and the whisper number is .51 cents. Good luck.