2022-01-19 • Updated
Intel, the US IT company, will present its earnings report for the second quarter on July 22 after the stock market closes (23:00 GMT+3). The release will be followed by an investor conference call at 00:00 MT, July 23.
During last year Intel did not bring any profit to the investors, in fact, stocks fell more than 9%. The reasons are manufacturing problems and ongoing restructuring. This negative trend was confirmed during the 1st quarter earnings statement, as the company reported a drop in data center revenue and a steep decline in gross profit margins. Experts predict sales to decline about 10% from the same period one year ago.
After the 1st quarter report was published on April 22 the price rose by 2% on post-market, as the revenue was better than experts predicted. Investors expect Intel to report $17.8 billion revenue to be reported on Thursday. If the result overcomes expectations, the price might gain 2-3% on the post-market trading session.
Technical analyses
Daily chart
Since April 25 the price is squeezed between $53.5 and $58. At the moment the price is trying to break the 50-day moving average. If Intel reports higher revenue than expected, the price will break this resistance and move up to $58. Otherwise, it has the potential to fall and test $53.5 support level.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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