Why the Market Dipped But Intel (INTC) Gained Today

Intel (INTC) closed the most recent trading day at $37.17, moving +1.59% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 0.67%. Shares of the world's largest chipmaker witnessed a gain of 49.47% over the previous month, beating the performance of the Computer and Technology sector with its gain of 7.44%, and the S&P 500's gain of 4.06%.The investment community will be closely monitoring the performance of Intel in its forthcoming earnings report. In that report, analysts expect Intel to post earnings of $0 per share. This would mark year-over-year growth of 100%. Meanwhile, the latest consensus estimate predicts the revenue to be $13.11 billion, indicating a 1.31% decrease compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of $0.15 per share and revenue of $51.91 billion, which would represent changes of +215.38% and -2.25%, respectively, from the prior year. Investors should also pay attention to any latest changes in analyst estimates for Intel. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.5% higher. Currently, Intel is carrying a Zacks Rank of #3 (Hold). Digging into valuation, Intel currently has a Forward P/E ratio of 246.12. Its industry sports an average Forward P/E of 50.36, so one might conclude that Intel is trading at a premium comparatively. Also, we should mention that INTC has a PEG ratio of 34.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - General industry had an average PEG ratio of 5.48 as trading concluded yesterday. The Semiconductor - General industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 62, positioning it in the top 26% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. 5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks