Intel Shares Pop After Earnings, 2020 Guidance Impress (High Tech Bellwether Crushes It!)

The Street ^ | 01/23/2020 | Jacob Sonenshine

[Kid Shelleen]

Intel shares rose after the chipmaker's earnings easily cleared Wall Street expectations and management guided for a much stronger 2020 than analysts anticipated. The stock rose 6.73% to $67.58 a share in postmarket trading Thursday, after having risen 0.94 % in regular trading hours. Earnings per share for the December quarter grew 19% year-over-year to an adjusted $1.52, beating Wall Street estimates of $1.25. --snip-- Management guided for full year 2020 revenue of $73.5 billion, better than analysts estimates of $72.4 billion.

[Kid Shelleen]

Meanwhile back in the real world away from the Sham-Peachment.
(And the guidance forward for 2020 is great too. )

[Attention Surplus Disorder]

Intc killed earnings, just smoked it.

[dp0622]

What other companies are in their sector?

Usually you see a jump in other companies in the same sector and sometimes tech in general.

Just wondering :)

MSFT and BABA and AAPL have been on a rocket ship for a while now.

[Kid Shelleen]

MSFT reports next week but they are trading up after hours in sympathy with INTC..

[dp0622]

Why does INTEL need sympathy?? I’m the one who could use a few bucks!! :)

Msft’s P/E is getting a little lofty but now and probably for the foreseeable future is not a time to exit, IMHO.

Earnings can be updated to the upside quickly and I think it will see 200 in 2020

[Attention Surplus Disorder]

You could just buy SMH, but man, the semi sector is just on fire. (meaning, already high)

Many, many other semi companies

AMD
CREE
AVGO
QCOM
NXPI
MU
TXN
(leaving easily 60% of the list out)

[dp0622]

Thanks for the list.

Man I remember years and years ago when MU went for peanuts!

[Attention Surplus Disorder]

anecdotally, I believe CREE is a possible buyout candidate.

Because all the other semis are high and CREE is low. Was better 5 pts ago, but I think there’s a strong +10 more in it.

All the others, I have trouble believing they are so high. But they are. Yah, my brother who hates, hates stocks and swore off the market forever after 2009 but who used to work @ INTC, I told him in 2011 “come on, it’s never really wrong to buy INTC”...at 21.

Well, on the other hand, it could be wrong to buy it right on top of a 4+ point ramp!

[Attention Surplus Disorder]

Oh, and for how many years was AMD a single digit stock and ALWAYS lurked in the shadow on INTC? I mean, a $2-3 stock.

[Larry Lucido]

What flavor pop did they share?

[dp0622]

yep

[Pining_4_TX]

My brain is fogged after a very stressful afternoon, so when I saw “Intel shares pop”, I thought, what? They passing around some soda. :-)

[dp0622]

WOW has CREE been on a rip the past month.

Thanks for the info I will do due diligence.

I traded CREE once but a long time ago.

2011..nice time to buy!

[Attention Surplus Disorder]

There are a number of stocks that have ripped, not just for a month, but since last [Aug/Sept] >> October. And they are not all tech stocks, by any means.

Look at a chart of BMY, Bristol frickin Myers. +50% since last Aug/Sept. Huh?

STT State Street, even more dramatic. Literally, find me a red day.

Even JPM, of course, the banks have been gluttonous recipients of Fed largesse, this stealth “QE4” thing that has gone on. THAT IS OVER, by the way. JPM looks to be curling over. Just saying. Careful with banks, they’ve had their fun.

I don’t consider CREE a top-tier semi co, by any means. Part of my thinking is that it has lagged while most of the others have skyed, so buying it would be cheap, relatively, for another semi. EARNINGS: 1/29

[dp0622]

Great post. Thanks. And I am looking at CREE and thinking of grabbing some