Intel (INTC, $28.88) tops Q3 earnings...

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Sarah Patel

published in Blogs

Oct 28, 2022

Intel (INTC, $28.88) tops Q3 earnings expectations

Intel Corp.’s shares rose +5.7% in pre-market trading Friday, following the company’s third-quarter earnings beat.

The chip company’s earnings for the quarter came in at $1.01 billion, or 25 cents a share, compared with $6.82 billion, or $1.67 a share, in the year-ago quarter. After adjusting for restructuring charges and other items, earnings were 59 cents a share, compared with $1.45 a share from a year ago. Analysts polled by FactSet expected earnings of 34 cents a share

Revenue fell to $15.39 billion from $19.19 billion in the year-ago quarter. Analysts expected revenue of $15.31 billion (based on FactSet).

Intel’s Client-computing division sales decreased - 17% year-over-year to $8.1 billion. Sales in the data-center and AI group fell -27% to $4.2 billion. “Network and edge” sales climbed +14% to $2.3 billion, while Mobileye revenue was up +38% to $450 million.

Gross margins dropped to 45.9% from 58.3% in the year-ago period.

Intel lowered its full-year earnings outlook to $1.95 a share (vs. Wall Street expectation of of $2.20 a share). Its revenue guidance is $63 billion to $64 billion, (vs. the Street estimates of $65.3 billion.

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John Jacques

published in Blogs

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A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Sergey Savastiouk

published in Blogs

Jul 10, 2020

3 Stocks to Buy if Coronavirus Second Wave Hits

By analyzing market trends from the first wave, you can predict behavior for the second. Technology stocks have performed at historic levels this year, but the market is severely overbought.To compensate for that, look at performance during Q1 and Q2, the height of global Covid shutdowns.

Edward Flores

published in Blogs

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How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Alla Petriaieva

published in Blogs

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Is Ethereum’s Bomb about to Explode?

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Sergey Savastiouk

published in Blogs

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When Is the Next Recession Coming?

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Abhoy Sarkar

published in Blogs

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Central banks have been buying $2.4 billion in assets every hour for the past two months

Some $17.8 billion has been poured into bond markets over the past week, the biggest move in more than three months.Around $3.5 billion has been invested into gold, the second largest on record.

Rick Pendergraft

published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.

Dmitry Perepelkin

published in Blogs

Mar 12, 2021

5 Habits that Lead to Successful Investing

To consistently make money in this industry, you need emotional fortitude, an analytical mind, and a willingness to self-reflect. Despite trading and investing being two different activities, these principles can be applied to both.Conversely, investors with good habits often become great traders. Rather than full sentences for titles, we’ve labeled each of our top-five investing habits using a single word principle.