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Two Upcoming Profit Reports You Simply Can't Miss

Get ready for a deluge of data. Earnings season goes full swing next week. What should you be watching?

If you’re looking for earnings that can generate derivative trades, the Fast Money traders say there are two reports you can’t miss.

Intel

“The most important is Intel, it will give you a great read on the health of tech,” explains Pete Najarian.

And after the negative commentary out of AMD and Applied Materials Najarian says Intel's commentary will be dissected by the Street almost word for word.

Not only will Intel's forecast shed light on PC demand as it always does, but this report will also either confirm or deny concerns about demand for chips across the entire semiconductor space.

"If Intel comes in stronger than expected, I'd take it as a sign the globe is not as slow as everyone thinks it is, and play accordingly," he tells us after the broadcast.

Ingersoll-Rand

With somewhat conflicting data out recently, trader Mike Murphy thinks Ingersoll-Rand will provide valuable insights in the health of the US economy and the quality of the recovery.

“They should give you a good tell on the state of things,” he says.

"And watch Freeport too." As the world's largest copper producer, Murphy thinks their forecast will be revealing for the global economy.

Posted by CNBC's Lee Brodie

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Trader disclosure: On July 13, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long JPM CALLS; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Joe Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long PNC; Joe Terranova is long USB; Joe Terranova is long TCBI; Joe Terranova is long GS; Joe Terranova is long JPM; Joe Terranova is long SBUX; Joe Terranova is long MNST; Joe Terranova is long NKE; Joe Terranova is long WFM; Joe Terranova is long MAR; Joe Terranova is long AAPL; Joe Terranova is long EMC; Joe Terranova is long NXPI

For Willie Williams
Nothing to disclose

For Fred Cannon
KBW expects to receive or intends to seek compensation for investment banking services from in the next 3 months from C
KBW currently makes a market and/or acts as a liquidity provider in C
KBW expects to receive or intends to seek compensation for investment banking services in the next 3 months from BAC
KBW currently makes a market and/or acts as a liquidity provider in BAC
KBW expects to receive or intends to seek compensation for investment banking services from in the next 3 months from GS
KBW has received compensation for investment banking services from GS
KBW currently makes a market and/or acts as a liquidity provider in GS
KBW expects to receive or intends to seek compensation for investment banking services in the next 3 months from JPM
KBW currently makes a market and/or acts as a liquidity provider in JPM
KBW expects to receive or intends to seek compensation for investment banking services in the next 3 months from MS
KBW currently makes a market and/or acts as a liquidity provider in MS
KBW expects to receive or intends to seek compensation for investment banking services in the next 3 months from WFC
KBW currently makes a market and/or acts as a liquidity provider in WFC


CNBC.com with wires.

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