Bullish Outlook on Intel Ahead of Earnings

5 days ago

Stocks with Josh

"We also have Intel's earnings on Thursday, and I'll just tell you that it's absolutely sitting bullish, and it's going to come down to earnings. It's got room to rip, but I would tell you that it's really going to come down to earnings. If they don't deliver a good earnings, this thing is already up at $40. Prices doubled from where it had consolidated. So, those who are up a lot are going to be very quick to take profit on even the slightest bearish news, but as it stands, it's positioned bullish."

The speaker offers an upbeat view on Intel, noting that the stock is in a bullish position ahead of its earnings on Thursday. While acknowledging that the stock could experience some profit-taking if earnings disappoint, he maintains a bullish stance overall, pointing to room for further upside given its current technical performance around $40.

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