I just came back into my office after showering and dressing (no, I don’t always trade in my pajamas) just in time to see the futures take a dive. Looks like Intel (INTC) is the culprit. A couple of headlines from Briefing.com:

09:00 INTC Intel reduces Q1 revenue guidance on weaker than expected demand, slight market share loss (20.49 )

Co issues downside guidance for Q1 (Mar), sees revs of $8.7-9.1 bln, down from previous guidance of $9.1-9.7 bln vs. $9.39 bln Reuters Estimates consensus. Co says guidance is “primarily due to weaker than expected demand and a slight market segment share loss. The company expects the first-quarter gross margin percentage to be adversely impacted by the change in revenue. Expenses (R&D plus MG&A) are expected to be lower than previously forecast due to lower revenue- and profit-related spending”.

09:04 AMD Advanced Micro: After INTC warning, AMD sees quick spike lower, then recovers -Update-

Note that INTC mentioned weaker than expected demand and a slight market segment share loss.

Intel losing market share to AMD? Who would have thunk it? ;-)

Potential swing trades:

See one of the recent ‘Chart Reading‘ posts for some potential swing candidates.

Potential day trades:

(From Briefing.com)

Gapping Down

Gapping down on disappointing earnings/guidance: INTC -2.1% (guides lower but was somewhat expected by analysts; down in sympathy: DELL -1.6%, NVLS -1.5%), NOVL -9.8% (also multiple downgrades), INSM -3.9%… Other News: SFCC -18% (delays earnings), TMTA -8.4% (NY Times says Microsoft to use Intel chips in new tablet PCs), NTRI -3.6% (Mad Money mention), GFI -3.3% (extends yesterday’s drop), CENT -2.9% (stock offering), AU -2.8%, X -1.7% (reportedly makes bid for AKS), TS -1.5% (Citi downgrade), DCX -2.9%, BAY -2.5%, SI -2.2%.

Gapping Up

Gapping up on strong earnings/guidance: FNSR +27%, IGTE +11.5%… Other News: AKS +23% (report that X in talks to buy the co; up in sympathy: STLD+3.5%), DHB +8.3% (receives Army order), NICH +7.4%, SORC +7.3% (to explore strategic alternatives), CSB +7.2%, CNTF +6.7% (IBD mention), VSNT +4.5% (extends yesterday’s 50% move), DENN +3.4% (same store sales), JDSU +3.2% (introduces new products), GOOG +1.8% (positive analyst comments from analyst day), SLW +2.2%, NSTK +2.2% (bounces after 37% drop yesterday), SBUX +1.8% (same store sales)… Mad Money mentions: BWNG +7.5%, BBW +4.5%… Bird flu stocks are higher: GNBT +8.6%, NVAX +2.2%.

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