Intel (INTC) Stock Gains Despite Guidance Warning

NEW YORK (TheStreet) -- Intel (INTC - Get Report) stock is increasing 0.98% to $32 in mid-afternoon trading on Thursday despite analysts' warnings that it might need to lower its 2016 outlook as trends within the personal computers market weaken.
The technology giant will likely have to reduce its full-year forecast as 2016 first quarter notebook shipments are expected to decline between 20% and 25% quarter-over-quarter, Citigroup reiterates in a note today, Barron's reports.

This is lower than typical seasonality of a 14% drop quarter-over-year and last year's first quarter decline of 21% compared to the year-ago period. Personal computers account for roughly 52% of Intel's earnings, the firm notes.  Continue Reading...