Citi analyst Christopher Danely expects consensus estimates for the U.S. semiconductors group to further decline during earnings season driven by continued downside from the PC, wireless, consumer and auto end markets, he tells investors in an earnings preview note. In that context, he is initiating a "negative catalyst watch" on Intel (INTC) and Qualcomm (QCOM) given that he expects weakness for both stocks during earnings. Danely keeps a Neutral ratings on both stocks.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on INTC:
- Credit Suisse reiterates Outperform on Apple following Mac silicon update
- Here’s Why the U.S. is Pouring Billions into Its Chips Supply
- Intel in ‘prove-it mode’ amid capacity expansion, says Oppenheimer
- Intel to hold an investor webinar
- Macro Headwinds Continue to Hound Chipmakers; Sales Plunged in November
