Broadcom (BRCM) Offers Best Risk-Reward Among Peers Into Q2 Resuls - Analyst (ALTR) (XLNX)

Broadcom (Nasdaq: BRCM) might be the best bet for investors as Q213 earnings season gets underway.

Morgan Stanley analyst Joe Moore comments that most U.S. smartphone vendors might see downside from overbuild of the Samsung Galxy S4, while Broadcom could gain from midrange exposure to Samsung and Apple (Nasdaq: AAPL).

Moore is also cautious on Intel (Nasdaq: INTC) and positive on Xilinx (Nasdaq: XLNX) and Altera (Nasdaq: ALTR) in H213, thinking lackluster results in Q2.

Broadcom is expected to report Q2 results on July 23rd. The Street sees EPS of $0.68 with revs of $2.1 billion, versus EPS of $0.72 and revs of $1.97 billion posted in the same period last year.

Shares of Broadcom are flat in early trading.

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