Zacks.com Announces That Adam Oliensis Highlights the Following Stock: Intel.

CHICAGO -- The market was torn Friday morning between good news out of Intel (NASDAQ:INTC) and bad news on the jobs front. Adam Oliensis,

editor of the Agile Trader newsletter, provides analysis on these two big stories. Click here for the full story exclusively on Zacks.com: http://at.zacks.com/?id=84

Highlights from the December 3rd Featured Expert column by Adam Oliensis includes:

INTEL STRONG, JOBS WEAK

Two data points dominate the tone of this morning's pre-market trading. First, last night Intel (NASDAQ:INTC) significantly upped revenue guidance for 4Q04, raising the estimate to $9.3-$9.5B from the consensus view of $8.98B. The company widened gross-margin guidance to 55-57% from 56%. That popped the stock 7-8% higher in overnight trading.

This morning the Nonfarm Payrolls numbers came out. The consensus expectation for November was for 200K net jobs created. The reality (or as close to it as these numbers get) was 112K. October's result was revised down by 34K to 303K and September was revised down 20K to 119K. Average Hourly Earnings rose just 0.1%, below trend. The Average Workweek was down 0.1 to 33.7, in a flat range.

This data has rallied the bond market and knocked the wind out of the sails of the stock futures, taking the SPX futures down to UNCH and sucking almost half the "INTC pop" out of the NDX futures.

Read Adam Oliensis' technical market analysis on a daily basis by clicking: http://at.zacks.com/?id=85

About Zacks Featured Experts

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