I'm new to these boards, but have followed INTC on and off for a couple of decades. You guys don't seem to be seeing the bigger picture here. Unless INTC blows away estimates AND maintains or raises guidance the stock will get punished.
Why? The broader markets are setting up for a historic drop. It has been pushed out as far as possible, but Friday, there are just too many big names that are reporting. Many big names have already missed and/or guided lower... and that is saying something with Q4 estimates so greatly reduced.
So far, the market has reacted very superficially to headlines amid this extended "Santa Claus" rally. It really needs to see the big names, IBM, MSFT, INTC, GOOD, and a host of others come out and hit it out of the park. If this happens, then all is saved--for now--and broader markets (DJ, SPX, NYE) will make a run for the all-time highs.... anything less than that, and it's lights out! (key technical support levels are WELL below where we are now)
Bigger Picture???? The bigger picture is that the U.S. economy is starting to come out of a long funk and at some point will turn up......and Intel is priced pathetically if you look at the long run.