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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: current trend who wrote (4781)	1/13/1998 8:30:00 PM
From: Chris	Read Replies (1) of 42787

money daily email commnets on intc: Intel Earnings Soothe Market Very nice rally today. Quite nice. The Dow climbed 85 points to 7732. NASDAQ closed at 1539, up 32. Rally got better and broader as the day progressed. But the real action took place AFTER the bell (or gavel). Today was Intel day!! The bellwether stock reported numbers after the close. And all day the game was on. How would it do? Would Andy G. make the numbers? INTEL.... And the envelope please!!!!!! At 4:22 p.m. INTC reported 98 cents per share. That's 9% above the official Wall Street analysts' estimate of 90 cents. Whisper numbers were anywhere from 95 cents to $1.05 (that top number is about what they earned for last year's quarter!!!). But I think 98 cents will satisfy the Wall Street dogs. The Street was definitely anticipating a good number -- and I think they got it, or close enough. Not wildly optimistic, but good. Stock was up strongly Monday and climbed over $1 today. INTC now trades just below $77 (52-week high is $102). In after-hours trading, stock was UP 50 cents. Revenues were flattish, gross margins were flat to down, but I heard Intel was pretty optimistic! Everyone is breathing a sigh of relief on this one. Could set the tone for the whole MARKET for months!!!!!!! Interesting to hear what kind of "guidance" Intel gives. Bet Andy Grove will be listening to Rock 'n' Roll Hootchy-Koo tonight!! Pumped!!!

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