Intel (INTC) ($26.56, up 2.3% YTD): Analysts expect the semiconductor giant and Dow component to report earnings of 37 cents a share after the closing bell on April 15. The daily chart shows a potential double-top at $27.12 on Jan. 15 and $27.09 on April 10. The in-between low is $23.50, set on Feb. 5, and temporarily below the 200-day SMA at $24.16.
The weekly chart is positive, with its five-week MMA at $25.62, with the 200-week SMA a major support at $23.05. Monthly and annual value levels are $25.57 and $20.78, with a semiannual pivot at $26.33.
The computer and technology sector is down 4.8% so far in April and is about break-even year-to-date. The sector is up 29.8% over the last 12 months.
Intel is the benchmark for semiconductors, with the PHLX Semiconductor Index up 5.6% year-to-date.
Yahoo! (YHOO) ($33.45, down 17.3% YTD): Analysts expect the Internet portal to report earnings of 29 cents a share after the closing bell on April 15. The stock set a multiyear intraday high at $41.73 on Jan. 8, then traded as low as $32.15 on April 11, which is below its 200-day SMA at $34.01.
The weekly chart is negative, with its five-week MMA at $35.59 and the 200-week SMA at $20.57. Semiannual value levels are $28.42 and $24.28, with weekly and quarterly risky levels at $34.24 and $39.40.
The Internet stocks have taken it on the chin so far this year, with the Internet software industry down 7.3% month-to-date and 6.9% year-to-date. This industry is still up 72.7% over the last 12 months.
Yahoo! is in the Internet services industry, which is down 6% so far in April and up 4.9% year-to-date, and up 26.5% over the last 12 months. This means that reaction to Yahoo! earnings could be quite volatile.
Our technical analysis charts follow on page 3.