Today we are watching…
1. Intel (#intel)
Intel is set to publish its earnings today and analysts are on the fence about its chances at a potential beat. While its data-centric business model is likely to benefit from strong performances from its key contributors, softness in China, declining PC demand, and its NAND flash pricing trends is likely to weigh on this quarter’s report. The company has performed well since the start of 2019, rising 24%, but has experienced choppy trading so far this week in the lead up to today’s announcement. Keep your eyes peeled!
2. Altria (#mo)
Altria is looking good ahead of its earnings announcement today with analysts sounding upbeat about its prospects going forward. The company suffered extensively from Nov 2018 – Jan 2019, but has turned its fortunes around thanks to some targeted mergers in the cannabis and E-cigarette space to help diversify its portfolio. Analysts have been upgrading their estimations in the lead up to today, which often bodes well for a stock’s earnings report. Don’t miss this one!