The Rising Influence of Rising Affluence

[DewDiligence]

GS reiterates Sell rating on INTC:

http://www.streetinsider.com/Analyst+Comments/Intel+%28INTC%29+Numbers+Do+Not+Match+Wall+Street+Euphoria%3B+Goldman+Reiterates+Sell/9065420.html

Goldman Sachs reiterated a Sell rating on Intel (NASDAQ: INTC) with a price target of $16.00. Comments follow Q4 results that were below consensus. Analyst James Covello continues to view revenue & implied EPS guidance as too aggressive.

"We believe the Street is also overly bullish on INTC, as several analysts have upgraded the stock in the last five weeks on expected upside to EPS guidance, supposedly driven by PC stabilization & Data Center (DCG) growth," said Covello

"We believe the 4Q report and 1Q guidance confirm our view that there is downside, not upside, to Intel's 2014 EPS. …Specifically, we see risks to 2014 revenue guidance on (1) a headwind from the corporate PC refresh cycle ending after 1Q and (2) DCG [Data Center Group—i.e. server sales] continuing to underperform vs. expectations.

I have no position in INTC or any other large 'IT' companies.