Dan Deming's Intel Trade

Dan Deming of KKM Financial spoke on Bloomberg Markets about Intel Corporation (NASDAQ: INTC).

He thinks the stock has gone a little bit ahead of itself, trading close to its resistance at $36. He added that it could show some weakness in the next couple of months and it might trade lower to $32. The company is going to report earnings next week and Deming believes it has to report blowout numbers and it has to give a very positive guidance to maintain its current valuation.