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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: Citigroup (C)

Scheduled to Report: Friday, July 14 (AM)
Earnings Estimate: $1.21 per share
Revenue Estimate: $17.37 billion

Last up is a financial stock, which means you’ll have to look quick, because they’re first up to report.

The financials are in the spotlight this earnings season, but Citigroup Inc (NYSE:C) — which reports July 14, so very soon — will be more closely watched from our perspective.

C stock chart

From a technical perspective, Citigroup has rallied strongly ahead of the report, which puts the stock at risk for profit-taking unless the company blows expectations out of the water.

Last quarter, the company posted 3% year-over-year growth after a year of shrinkage on the top line. Analysts expect the top line to decline 1%, and anything worse than that will stunt this bank stock’s rally of the past couple months. Should Citi really disappoint, expect a pullback to support around $62-$63.

As of this writing, Johnson Research Group did not hold a position in any of the aforementioned securities.

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

©2017 InvestorPlace Media, LLC