Shares of Intel (INTC) and Dell (DELL) are rallying today on good news. Intel raised its sales forecast for the quarter to at least $8.8 billion from the earlier projection of just $8.1 billion a few weeks ago. Dell’s stock is up on news that its earnings topped Wall Street expectations.
My opinion is to stay away from these stocks for now. The recent news is promising, but both companies have a long way to go before they prove themselves to be strong buys.