NEW YORK ( TheStreet) -- Aside from M&A speculation, nothing gets investors more anxious on Wall Street than earnings season.
This is a time when investors receive confirmation or denial whether they have placed the right bets.
As we enter the second week of third-quarter earnings season, we are going to look at a few companies that are heading in three separate directions.
Reason to Buy Alcoa
Reason to Buy IntelAlthough I don't currently own the stock, I've become somewhat of an apologist for chip giant Intel (INTC - Get Report). Nonetheless, it's for good reason. I'll grant that Intel underestimated the transition to smartphones and tablets to the extent that Apple (APPL) and Google (GOOG) have contributed immensely to growth of several of Intel's rivals, namely ARM Holdings (ARMH) and Qualcomm (QCOM). But that does not mean Intel is a lost cause. The company has all of the makings of a successful turnaround story. The company earned $2.83 billion in its most recent quarter and beat analysts' estimates while meeting its revenue goals.
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