Profit Pregame

Two of the Biggest Names in Semiconductors are Going Opposite Directions

A well-known name in the semiconductor space had one of its worst days in years on Friday.

Intel Corp. (INTC) fell by more than 5% on Friday after releasing its latest earnings report that saw revenues plunge more than 20% year over year.

While Intel was quick to blame lagging data center sales as the main culprit, increased competition has also played a huge part.

For years, Advanced Micro Devices Inc. (AMD) has been gaining market share from Intel as it began offering more advanced processors.

Shares of AMD rose more than 5% on Friday while Intel’s fell.

With PC sales having increased tremendously during the pandemic – a trend that is expected to continue throughout 2021 and beyond – Intel will need to move fast to catch up, or risk falling either further behind its surging competitors.

Trading tip of the week

A trader should like when the stock market goes down, so they can get into stocks cheaper.

Traders usually freak out when stocks go down, but they should view them as being on sale, making it a better time to get long.

So instead of looking at a market dip as a negative, see it instead for the buying opportunities it presents.

Earnings report to watch

When Alphabet Inc. (GOOG) reports its latest earnings report on Tuesday, expectations will be high.

Revenue is expected to grow more than 25% from the same quarter last year, when the pandemic forced a slew of companies to slash their online advertising budgets.

GOOGL’s revenue is largely based on advertisements on its sites, so those numbers are going to be highly scrutinized and will determine whether we see a pop or a drop in Alphabet’s stock price post-earnings.

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