{"id":41516,"date":"2023-07-28T06:57:20","date_gmt":"2023-07-28T10:57:20","guid":{"rendered":"https:\/\/ifintechworld.com\/news\/wall-street-breakfast-podcast-intel-surges-on-q2-results\/"},"modified":"2023-07-28T06:57:22","modified_gmt":"2023-07-28T10:57:22","slug":"wall-street-breakfast-podcast-intel-surges-on-q2-results","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=41516","title":{"rendered":"Wall Street Breakfast Podcast: Intel Surges On Q2 Results"},"content":{"rendered":"<div data-test-id=\"content-container\">\n<p><figure class=\"getty-figure\" data-type=\"getty-image\"><picture>  <\/picture><figcaption> <\/figcaption><\/figure>\n<\/p>\n<p>Listen below or on the go on Apple Podcasts and Spotify<\/p>\n<div class=\"pcast hidden-print\">\n<div class=\"pcast__section-1\">\n    <img decoding=\"async\" alt=\"\" class=\"pcast__top-img pcast__marketing\" src=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/podcast_series_header.png\">\n  <\/div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/widget.spreaker.com\/player?episode_id=56261088&amp;theme=light&amp;playlist=show&amp;playlist-continuous=false&amp;chapters-image=true&amp;episode_image_position=right&amp;hide-logo=true&amp;hide-likes=true&amp;hide-comments=true&amp;hide-sharing=false&amp;hide-download=true&amp;color=ff6900\" width=\"100%\" height=\"350px\" frameborder=\"0\" sap-id=\"4\"><\/iframe><\/p>\n<\/div>\n<p>Intel (INTC) surges as Q2 results show PC rebound underway, strong guidance. (00:27) U.S. crude oil (CL1:COM) benchmark closes above $80 for the first time since April. (01:41) First Solar (FSLR) to invest $1.1B in new U.S. factory; posts strong Q2 earnings beat. (02:33)  <\/p>\n<p>This is an abridged transcript of the podcast.<\/p>\n<p>Intel (NASDAQ:INTC) is up more than 7% premarket after the semiconductor giant posted second-quarter results that topped estimates and showed signs of a recovery in the PC market.<\/p>\n<p>For the period ending July 1, Intel (INTC) earned an adjusted 13 cents per share on $12.9B in revenue, as the company&#8217;s Client Computing Group generated $6.78B in revenue, above estimates.<\/p>\n<p>A consensus of analysts expected the company to lose 3 cents per share on $12.14B in revenue.<\/p>\n<p>The company also generated $454M in revenue attributed to Mobileye (MBLY), which it partially spun-off in October 2022.<\/p>\n<p>AMD (AMD) and Nvidia (NVDA) shares rose in after-hours trading following the results.<\/p>\n<p>Looking ahead, Intel (INTC) said it expects third-quarter revenue to be between $12.9B and $13.9B, with the mid-point above the $13.28B estimate. It also expects adjusted earnings of 20 cents per share, topping the 13-cent-per-share estimate.<\/p>\n<p>The Santa Clara, California-based Intel (INTC) also said it is on track to deliver $3B in cost savings this year.<\/p>\n<p>U.S. benchmark WTI crude oil settled above the $80\/bbl mark Thursday for the first time in three months.<\/p>\n<p>This was supported by supply tightness following recent production cuts from Saudi Arabia and Russia, and the U.S. reported its economy grew by a greater than expected 2.4% in the last quarter.<\/p>\n<p>China&#8217;s pledge earlier this week to boost policy support for the economy also has sparked hopes for greater oil demand from the world&#8217;s largest crude importer.<\/p>\n<p>Front-month Nymex crude (CL1:COM) for September delivery closed +1.6% to $80.09\/bbl, and September Brent crude (CO1:COM) also finished +1.6% to $84.24; for both benchmarks, it was the highest settlement value since April 18 and their fifth gain in the past six sessions.<\/p>\n<p>First Solar (NASDAQ:FSLR) is up more than 8% premarket after unveiling plans to build a fifth manufacturing facility in the U.S.<\/p>\n<p>The site of that facility has not been determined. First Solar plans to invest as much as $1.1B to further expand U.S. capacity to produce its own solar modules.<\/p>\n<p>First Solar (FSLR) said the fully vertically integrated facility would raise the company&#8217;s nameplate manufacturing capacity by 3.5 GW to reach ~14 GW in the U.S. and 25 GW globally by 2026.<\/p>\n<p>First Solar (FSLR) also reported Q2 earnings that easily beat analyst estimates.<\/p>\n<p>Other headlines to look out for on Seeking Alpha:<\/p>\n<p>3D Systems targets Aug. 4 for completion of talks with Stratasys; calls offer &#8216;best and final&#8217;<\/p>\n<p>TC Energy to split in two with spinoff of liquids pipeline business<\/p>\n<p>T-Mobile dips after revenue miss, but a beat-and-raise on customer growth<\/p>\n<p>Digital Realty, TPG form joint venture for three Virginia data centers<\/p>\n<p>Oatly crumbles after earnings miss, disappointing guidance<\/p>\n<p>Ford rallies after hiking guidance, setting lofty EV targets<\/p>\n<p>On our catalyst watch for the day- Analysts have the Procter &amp; Gamble (PG) earnings call circled as a potential share price mover for the broad consumer products sector. Stocks with a high trading correlation with P&amp;G include Colgate-Palmolive (CL), Unilever (UL), and Kimberly-Clark (KMB).<\/p>\n<p>Wall Street&#8217;s major averages on Thursday ended lower.<\/p>\n<p>The Nasdaq (COMP.IND) closed 0.55% lower.<\/p>\n<p>The S&amp;P 500 (SP500) slipped 0.64%. Meanwhile, the Dow (DJI) retreated 0.67%. The blue-chip index was unable to build upon its historic 13-day win-streak.<\/p>\n<p>All 11 S&amp;P sectors &#8211; with the exception of Communication Services &#8211; ended in the red. Real Estate, Utilities and Financials topped the losers.<\/p>\n<p>Treasury yields were higher after the GDP numbers. The 10-year yield (US10Y) was up 16 basis points to 4.01%, while the 2-year yield (US2Y) was up 10 basis points to 4.93%.<\/p>\n<p>Now let\u2019s take a look at the markets as of 6 am. Ahead of the opening bell today, Dow, S&amp;P and Nasdaq futures are in the green. The Dow is up 0.3%, the S&amp;P 500 is up 0.5% and the Nasdaq is up 0.9%. Crude oil is down 0.3% at more than $79 a barrel. Bitcoin is down 0.9%.<\/p>\n<p>In the world markets, the FTSE 100 is up 0.2% and the DAX is down 0.1%.<\/p>\n<p>On today\u2019s economic calendar, at 830am personal income and outlays and at 3pm farm prices.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/seekingalpha.com\/article\/4621002-wall-street-breakfast-podcast-intel-surges-on-q2-results?source=feed_all_articles\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Listen below or on the go on Apple Podcasts and Spotify Intel (INTC) surges as Q2 results show PC rebound underway, strong guidance. (00:27) U.S. crude oil (CL1:COM) benchmark closes above $80 for the first time since April. (01:41) First Solar (FSLR) to invest $1.1B in new U.S. factory; posts strong Q2 earnings beat. (02:33) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":41517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[236],"tags":[83],"class_list":["post-41516","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-news","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wall Street Breakfast Podcast: Intel Surges On Q2 Results | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Listen below or on the go on Apple Podcasts and Spotify Intel (INTC) surges as Q2 results show PC rebound underway, strong guidance. 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