Vond dit als reden voor de daling van Intel in de Wall Street Journal
OCTOBER 13, 2010, 2:39 PM ET
Intel and JPM Beat Forecasts, Everyone Else Wins. What Gives?
Intel’s better-than-expected earnings helped pump up tech stocks today. J.P. Morgan’s earnings beat lifted financials. But the two stocks themselves are the Dow’s two biggest losers of the day, with Intel off 2.7% and JPM down 1.2% at last glance. What gives?
The simple explanation: investors digging through the numbers seem to have found reasons for concern at each of the two blue-chip names (JPM said consumers and businesses were paying off loans faster than the bank makes new ones, for instance, while Intel expected sales of consumer PCs in mature markets to fall).
But specific bits of their reports hinted at strength nearby. So investors flocked there instead. JPM, for instance, mentioned an increase in credit care usage, which was music to the ears of card companies’ investors — they drove Visa, MasterCard and AmEx up 3.6%, 3.5% and 3% respectively. Intel points to an uptick in business spending on technology, helping Cisco Systems jump 2.9% and H-P add 2.4%.