Intel: Facing A Real Threat

Shares of Intel (NASDAQ:INTC) have been trading along the 100-day moving average after bouncing off the low in February, as analysts raised concerns about PC and notebook sales during the first-quarter 2016. Intel will report its first-quarter 2016 earnings after the market close on April 19. Investors will be closely watching the results from the Client Computing Group, or CCG, Intel's mobile and PC business, and the Data Center Group, or DCG, as about 88.9% of their revenues last year came from these two groups. Less than a week ahead of the earnings report, Pacific Crest warned it expects Intel to report first-quarter earnings below the midpoint of guidance, and to lower its guidance for the full-year as well. Wall Street opinions about Intel's data center outlook are mixed, according to Barron's.