General Motors (GM) scores earnings beat, but big revenue miss >>> READ MORE

7 Blue-Chip Stocks at High Risk for Earnings Crashes

If you hold any of these large caps (and you probably do), you'll want to pay extra-close attention to their upcoming reports

      View All  

Blue-Chip Stocks With High-Risk Earnings Reports: Apple (AAPL)

Blue-Chip Stocks With High-Risk Earnings Reports: Apple (AAPL)
Source: Shutterstock

Scheduled to Report: Tuesday, Aug. 1 (PM)
Earnings Estimate: $1.57 per share
Revenue Estimate: $44.92 billion

Apple Inc. (NASDAQ:AAPL) stock is trading more than 25% higher for the year on anticipation of yet another iPhone iteration, but the market is starting to show signs of worry – of possible delays, that the iPhone froth grew too much, and perhaps looking even farther ahead to what exactly is next once the iPhone 8 comes and goes.

The past few quarters have delivered signs that the once impervious phone sales were starting to crack under pressure from other offerings. That, along with Microsoft Corporation (NASDAQ:MSFT) and other companies’ increasing gouging of iPad business, is notable.

Apple is showing a little strength of late, but is essentially flat since May while the market has traded to new highs. This means scores of traders will be putting an emphasis on the upcoming results.

AAPL stock chart

With 78% of the analysts tracking AAPL stock ranking it a buy, there will be significant pressure from downgrades on anything other than a stellar report.

Next Page


Article printed from InvestorPlace Media, http://investorplace.com/2017/07/7-blue-chip-stocks-high-risk-earnings-crashes/.

©2017 InvestorPlace Media, LLC