Intel Stock Outperforms Broader Market as Upcoming Earnings Expected to Show Growth
• Intel (INTC) stock closed up 1.98% while broader markets were down, beating the S&P 500, Dow, and Nasdaq
• INTC is expected to report strong EPS and revenue growth in upcoming earnings, with estimates revised up recently
• INTC stock trades at a premium valuation compared to industry peers based on forward P/E and PEG ratios
• The Semiconductor industry overall ranks in the top 36% of Zacks-covered sectors, suggesting strength
• Zacks Investment Research recommends downloading its report on the 7 Best Stocks for the Next 30 Days, which includes analysis of INTC