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UPDATE: Take Your Position, Intel

Monday, 12 Oct 2009 | 5:42 PM ET

On Tuesday all eyes will be on Intel, as investors look to see if their results confirm the bullish expectations or the bearish calls.

Analysts at DB said in a research note they expect third quarter results of semiconductor companies to beat expectations and come in at the high end of guidance.

"We believe the ending of inventory burn, the beginning of restocking and improved end-demand to be the main drivers behind (third and fourth quarter) upside," the note said.

DB recommended investors remain overweight on semis, with 'buy' ratings on Intel, as well as SanDisk and others.

Take Your Position: Intel
Whether Intel is a quick trade or a long-term hold, with Craig Berger, FBR capital analyst.

I (also) think the stock will move higher on the results, speculates Craig Berger, FBR Capital analyst. But I have a market perform rating on the stock because I prefer other chip stocks that are cheaper and probably offer better growth. If you’re a short-term nimble trader I do think you can buy ahead of earnings.

Of course not everyone shares those opinions. Adam Benjamin of Jefferies is probably one of the more bearish analysts following Intel.

Intel Earnings Next Week
Assessing what's the trade ahead of Intel's earnings release, with Adam Benjamin, Jefferies analyst and the Fast Money team.

He rates the stock as underperform and tells Fast Money in the short term expectations are probably too high for the chip maker. He worries about demand drivers and speculates that PC production cuts could potentially be coming later in the month if the release of Windows 7 doesn't drive PC sales.

And in the long-term he doesn’t see the enterprise PC upgrade cycle really kicking in until late 2010.

I like the name but valuations are probably rich, adds Fast Money trader Guy Adami. I’d be a seller.

So, will Intel results confirm confirm the bullish expectations or the bearish calls? What do you think? We want to know!


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Trader disclosure: On October 12, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (BTU), (MSFT), (NUE); Seymour Owns (AAPL), (BAC), (F), (MGM), (MSFT), (BX), (POT); Seymour Owns Shares Of Gazprom; Finerman's Firm Owns (BAC), (BAC) Calls, (BAC) Call Spreads, (BAC) Preferred; Finerman Owns (BAC), (BAC) Preferred; Finerman's Firm Owns (CSCO), (MSFT), (TGT), (WMT), (YUM), (PLCE); Finerman's Firm Owns (WLP) Calls; Finerman's Firm Owns (UNH) Calls; Finerman's Firm Is Short (IJR), (MDY), (IWM), (UNG), (USO); Finerman's Firm And Finerman Own (WFC) Preferred; Terranova Owns (JPM), (NOV); Terranova Is Short (GRMN); Terranova Is Short (CCL); Terranova Owns Dec. 2009 Gold Futures; Terranova Owns Dec. 2009 Crude Oil Futures; Terranova Owns Dec. 2010 Crude Oil Futures; Terranova Works For (VRTS)

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