View Pages
Morning Minute: INTC upgraded; PANW and BBY downgraded
Intel rises after Northland upgrade; Palo Alto Networks and Best Buy fall on downgrades. Rick Ducat with Tuesday market headlines.
Editorial companion
What stands out
Schwab Network’s morning minute delivered three quick market reactions: Intel popped after a Northland upgrade, Palo Alto Networks fell on a Phillip Securities downgrade, and Best Buy slid after D.A. Davidson’s call. It matters because these are different stories, Intel and Best Buy are fighting earnings pressure while Palo Alto is still posting strong revenue and profit growth even as its shares sell off. With persistent Fed and inflation chatter in the background, short-lived headlines can sway sentiment despite divergent business trajectories.
View Pages
View Pages
Bullish Gator Snapshot
Current ratings and signals
Best Buy (BBY)
Bullish
BBY rates Bullish overall. The fundamental read is neutral: the company passes 7 of 9 quality tests on the Piotroski F-Score; balance sheet is in the Safe zone (Altman Z = 4.54); revenue is declining about 3.4% per year; net income is declining about 7.5% per year. The technical picture is bullish: price is 36.5% above the 200-day moving average; 12.4% above the 50-day; the 50/200 relationship is in a Golden cross. Sentiment is bullish (composite 74/100), based on 8 news articles from recent coverage.
Intel (INTC)
Neutral
INTC rates Neutral overall. The fundamental read is neutral: the company passes 6 of 9 quality tests on the Piotroski F-Score; balance sheet is in the Safe zone (Altman Z = 3.82); revenue is declining about 5.5% per year; net income is declining about 78.9% per year. The technical picture is neutral: price is 1.3% above the 200-day moving average; 14.8% below the 50-day; the 50/200 relationship is in a Golden cross. Sentiment is neutral (composite 55/100), based on 3 news articles, 1 TV segment, and 5 qualified videos from recent coverage.
Palo Alto Networks (PANW)
Neutral
PANW rates Neutral overall. The fundamental read is neutral: the company passes 3 of 9 quality tests on the Piotroski F-Score; balance sheet is in the Safe zone (Altman Z = 9.24); revenue is growing about 18.6% per year; net income is growing about 119.1% per year. The technical picture is neutral: price is 43.7% above the 200-day moving average; 2.8% above the 50-day; the 50/200 relationship is in a Golden cross. Sentiment is neutral (composite 58/100), based on 5 news articles and 1 qualified video from recent coverage.