13% Intel Drop Is a Cautionary Tale to Traders
As Intel stock reminded traders, what may seem bullish on paper doesn't necessarily translate to the market. Despite beating Wall Street expectations on earnings per share and revenue, the stock dropped by as much as 13% after the market was already closed following the company's Q4/full-year earnings report on Wednesday (January 22). It's a cautionary tale for traders to always pay attention to the market reaction, and in this case, the market's response to weaker guidance. Intel CFO David Zinser noted tha ...