The American Markets are very bullish today, about me we are seeing some covering ahead of Intel (INTC) conference tomorrow.
Intel is constantly crawling to new lows from February when it warned about big market share losses to rival Advanced Micro Devices (AMD) that reported good results some days ago.
The maiority of the analysts are sure that Intel is beginning the fiercest price war from 10 years or so, but the stock price of Intel about me is already discounting all the worries.
Probably today movement is caused by big short covering on Intel... that will certainly capitalize on the next quarters.
About me AMD and Intel are undervalued at the moment.
We'll see tomorrow at the close.
Bye