Three months ago, Intel
The chip giant is back with a first-quarter update on Tuesday night. Shares have gained another 7.5% since the last report. Will this quarter send Intel investors even higher, or is the stock due for a pullback?
Analysts don't expect any Herculean feats out of Intel this time. Earnings are seen falling 11% year-over-year to $0.50 per share on flat sales of $12.8 billion. That revenue forecast is in line with management guidance. Intel projects an extra-soft first quarter because the shortage of hard drives should continue to put pressure on the PC market in this period.
Recent industry news points to better numbers, though. Shares of Hewlett-Packard
I smell a Street-beating performance from Intel in that market update.
Looking ahead, Intel's fortunes in the back half of 2012 will depend on two soon-to-be-released products: the Romney server platform and the Ivy Bridge processor for ultralight laptops and Ultrabooks. Keep a close eye on how Intel plans to market these new products for clues on where this stock chart will go next.
Many Foolish writers and analysts love Intel at these prices. Read up on the many reasons why:
Fool contributor Anders Bylund holds no position in any of the companies mentioned. Check out Anders' holdings and bio or follow him on Twitter and Google+. The Motley Fool owns shares of Intel. Motley Fool newsletter services have recommended buying shares of Intel. The Motley Fool has a disclosure policy.
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