Lynx Equity Strategies analyst KC Rajkumar said a low bar for Intel (NASDAQ: INTC) provides a good setup.

"While fundamentals have a ways to go before INTC regains Street’s confidence, we believe the stock has a low bar to clear into earnings tonight, given modest expectations and a low multiple," Rajkumar commented. "Trading at a p/e multiple of ~13x to consensus CY20 EPS, a substantial discount to semi peers, we see an opportunity for the CEO to set expectations for the year and drive upside to the stock."