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Stockreport

Intel shares could squeeze higher during earnings, analyst says [Yahoo! Finance]

Microchip Technology Incorporated (MCHP)  More Company Research Source: Yahoo! Finance
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
The stock remains heavily shorted, but the bank believes improving fundamentals could flip sentiment. “Intel remains the most popular short but we believe the stock could squeeze higher during earnings given potential upside to EPS,” analyst Christopher Danely said in a Friday note. Citi cited lower capital expenditure (capex) and operating expenses (opex), along with likely upside from the PC end market—responsible for 60% of Intel's sales—as key drivers. The bank's estimates for Q2 are above consensus. Beyond Intel, Citi offered mixed views across the chip sector ahead of Q2 results. It expects AMD (NASDAQ:AMD) to trade higher before its earnings, boosted by investor enthusiasm for AI-related growth. While the Wall Street firm acknowledged that buyside expectations may be too high, it lifted its price target on AMD from $145 to $165 based on sentiment improvements. Micron (NASDAQ:MU), on the other hand, may struggle in the near term. Citi warned that the stock could remain [Read more]
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Stockreport

Intel shares could squeeze higher during earnings, analyst says [Yahoo! Finance]

Microchip Technology Incorporated  (MCHP) 
More Company Research Source: Yahoo! Finance
Last microchip technology incorporated earnings: 2/4 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: microchip.com/investors
The stock remains heavily shorted, but the bank believes improving fundamentals could flip sentiment. “Intel remains the most popular short but we believe the stock could squeeze higher during earnings given potential upside to EPS,” analyst Christopher Danely said in a Friday note. Citi cited lower capital expenditure (capex) and operating expenses (opex), along with likely upside from the PC end market—responsible for 60% of Intel's sales—as key drivers. The bank's estimates for Q2 are above consensus. Beyond Intel, Citi offered mixed views across the chip sector ahead of Q2 results. It expects AMD (NASDAQ:AMD) to trade higher before its earnings, boosted by investor enthusiasm for AI-related growth. While the Wall Street firm acknowledged that buyside expectations may be too high, it lifted its price target on AMD from $145 to $165 based on sentiment improvements. Micron (NASDAQ:MU), on the other hand, may struggle in the near term. Citi warned that the stock could remain [Read more]
IMPACT SNAPSHOT
EVENT TIME:
MCHP
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS