Microsoft (MSFT) and Intel (INTC) Ramp Mid-Day on Tuesday
Tweet
Share
E-mailGet Alerts MSFT Hot Sheet
Price: $368.66 -1.16%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: +14.7%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1%
Revenue Growth %: +14.7%
Join SI Premium – FREE
Shares of Microsoft (Nasdaq: MSFT) ramped on Tuesday, reaching the highest level since November of last year. Gains came as the stock broke through its 200-day moving average, causing some technical traders to take notice.
Traders also noted a high level of correlation with shares of Intel (Nasdaq: INTC), as the chip maker followed Microsoft higher. Both companies are set to report earnings later this month, Microsoft on April 18th and Intel on April 16th.
This morning analyst at MKM put out a bullish note on Intel, claiming the market has already discounted a soft PC market and a low bar for sales.
Microsoft is higher by 3.8 percent. Intel is up close to 3 percent.
Traders also noted a high level of correlation with shares of Intel (Nasdaq: INTC), as the chip maker followed Microsoft higher. Both companies are set to report earnings later this month, Microsoft on April 18th and Intel on April 16th.
This morning analyst at MKM put out a bullish note on Intel, claiming the market has already discounted a soft PC market and a low bar for sales.
Microsoft is higher by 3.8 percent. Intel is up close to 3 percent.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mizuho says ignore Apple noise, flags key catalyst for Micron and memory in H2
- Hormel Foods agrees to sell Brazil's Ceratti brand to Zanchetta
- InTest joins Russell 2000 and Russell 3000 indexes
Create E-mail Alert Related Categories
Insiders' Blog, Trader TalkRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
