Intel Stock Drops Double-Digits After Earnings Report

Commenting on Intel’s earnings report and today’s trading, Gorilla Trades strategist Ken Berman said:Q3 2020 hedge fund letters, conferences and moreIntel Dropped By Double-Digits After Earnings ReportThe major indices are all trading slightly lower at midday following another volatile and active morning session on Wall Street. While stocks opened broadly higher thanks to the overnight rally in risk assets, a strong wave of selling pushed the large-cap benchmarks into the red in the first hour of trading. Intel (INTC, -11%) dropped by double-digits in the wake of its earnings report, weighing …

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HEDGE accordingly