Diamonds and Dogs
Intel (INTC) leading the markets and the chips higher. Intel is up 8% to new highs following strong earnings and sales. Intel also raised the current quarter and full year estimates while also raising the dividend 5%. Plenty of positive comments on Intel, but at least one analyst remains unconvinced with a downgrade to a Sell with a $59 price target.
Two credit card companies trading lower. Discover Financial (DFS) and Synchrony Financial (SYF) are both down 8% following earnings. Both companies beat earnings estimates, but sales were light as increase competition from nontraditional credit card companies like Apple enter the markets. Good for consumers.