Intel Quarter a Bellwether for Tech Stocks
That's because Intel's Q1 earnings will be the first in a new round of earnings reports from technology companies. Plus, Intel's processors are one of the building blocks used by many manufacturers make PCs and servers and storage devices. That means Intel feels the movement of the economy before other technology manufacturers do. And a positive report could mean that more good news is on the way.
The performance of Intel stock over the last month certainly indicates that investors may be looking for some good news from Intel. Intel shares were trading at around $16 on April 13, just head of market close compared to $14.25 on March 16, a month earlier.