GO
Loading...

Tech Earnings Preview

Monday, 14 Apr 2008 | 4:20 PM ET

Wall Street is bracing for a slew of tech earnings that kick off this week with Intel on Tuesday. Oppneheimer’s Chief Market Technician Carter Worth gave his breakdown of what to expect from the big tech names setting up to report this week.

Fast Money Final Call
Trading the tech sector, with Fast Money's Carter Worth and Dylan Ratigan.

Intel : The “feeble rally” back to $21 from its lows at $17 doesn’t give Worth much hope. He thinks the stock is running out of steam and the next important move will be to the downside. (reports Tuesday)

IBM : Big Blue killed its earnings last quarter and Worth thinks it could pull off another beat this time. The stock consistently touches its top at $117 and is toying with a breakout. Momentum off a better-than-expected earnings report could make it happen. (reports Wednesday)

Google : After surging from $400 to $750 late last year, Google has managed to give almost all of those gains back. Worth said that kind of aggressive re-pricing signals to him that the stock is “dead money” for months to come. (reports Thursday)

______________________________________________________
Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

  Price   Change %Change
4331
---
IBM
---
INTC
---
GOOGL
---

Featured

Contact Fast Money

  • Showtimes

    Halftime Report - Weekdays 12p ET
    Fast Money - Weekdays 5p ET
  • Melissa Lee is the host of CNBC's “Fast Money” and “Options Action.”

  • Scott Wapner is host of the "Fast Money Halftime Report," which airs weekdays from 12 p.m. to 1 p.m. ET.

  • Guy Adami is a contributor on CNBC's "Fast Money." He also is managing director of stockMONSTER.com.

  • Najarian, the "Pit Boss," is cofounder of optionMONSTER.com, a news site for options traders.

  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

Halftime Report