While I don’t follow INTC closely, I do check out the chart from time to time, as it tends to be a leader both up and down for stocks and the general economy. The chart has completed a small inverse H&S bottom pattern and is also forming a small cup and handle. Both bullish, at least for the short to intermediate term. After breaking a bit above it’s 50 day mvg. avg. a week or so ago, it has been backtesting and looks ready to again break above and head to the 200 day around 46. The short term target would be a gap fil at 43.  If interested, one should go long before tomorrow’s close, especially on any weakness, since the earnings will be released afterwards. As we have seen with a number of the other high tech stocks who have missed their quarters but went up afterwards, anyway, they either say something positive about the future outlook or the market has already discounted the last quarters numbers in the first half decline. Earnings growth matters in the long run but the chart and sentiment  matter in the short run and here as with others it is likely higher, at least for  a while.