PREMARKET WATCH: Intel (INTC, AMD)

Posted in General 
July 22nd, 2009

Intel Corp.  (Nasdaq: INTC) shares are usually among the most active Nasdaq stocks in premarket trading, but they will be ones to watch for potentially above-average volume this morning. The stock was upgraded by JMP Securities to Outperform from Market Perform. The research firm noted an ongoing market recovery, revenue opportunities from off-site computing and storage trends, and likely market share gains. After hours, Intel’s main rival Advanced Micro Devices (NYSE: AMD) reported a wider-than-expected loss, revenue that fell 13 percent from a year earlier, and gross margins that the company called “disappointing”. — Mike Tarsala

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