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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

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Blue-Chip Stocks With High-Risk Earnings Reports: Intel (INTC)

Blue-Chip Stocks With High-Risk Earnings Reports: Intel (INTC)
Source: Shutterstock

Scheduled to Report: Thursday, July 27 (PM)
Earnings Estimate: 68 cents per share
Revenue Estimate: $14.41 billion

The semiconductor industry has been leading the market higher … even though one of the largest companies in the space has been underperforming by a ton.

Intel Corporation (NASDAQ:INTC) shares have been one of the few major drags on the industry in 2017 as smaller, more nimble companies like Nvidia Corporation (NASDAQ:NVDA) have invaded the space.

INTC stock chart

This quarter, Intel heads into its Q2 earnings report after having transitioned into a technical bear market over the past two weeks. This will put additional pressure on INTC shares unless the chipmaker is able to provide a blowout quarter.

The question on everyone’s mind is: What on earth would drive it?

Intel’s 20-month moving average is sitting at $33. This is the line between a long-term bull and bear market. A good second-quarter showing may save Intel from falling into a bear market, which means this late July report is a critical.

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

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