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