Remember the Last Time Intel Reported?

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All eyes are on Intel (INTC) this evening as the company is one of the first bellweather names to report earnings.

The last time Intel reported, on July 14th, the NASDAQ exploded, with a gap up and 3.5% gain for the composite the following day.

Nasdaq Composite before and after Intel's last earnings report (Q2 09)

Nasdaq Composite before and after Intel's last earnings report (Q2 09)

Nothing in last month’s report means anything as far as forecasting this one, but I think it is important to keep in mind how big the reaction can be for the rest of the market, good or bad, when Intel speaks. 

Here’s what I said in reaction to that report:

And a Chipmaker Shall Lead Us… (TRB)

Good luck if you’re playing…

Full Disclosure:  I currently have no positions in Intel, long or short, for customer accounts or personal accounts.  Nothing on this site should EVER be construed as research, advice or an invitation to buy or sell any securities.  Please see my erms & Conditions page for a full disclaimer.

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