Tuesday, August 23, 2016

Today's must-read reports are for United Parcel Service (UPS), EOG Resources (EOG) Dominion Resources (D).

UPS shares have been strong performers this year (up more than 14% year-to-date) on the back consistent expansion across major destinations worldwide and sustained investments aimed at improving operations. The company recently announced the expansion of UPS Worldwide Express Freight service in over nine global destinations. However, concerns over the adverse impact of foreign exchange, intense competition, and macroeconomic risks remain. (You can read the full research report on UPS here>>)

Oil prices have weakened a bit lately, but they are up impressively from the February lows. This improved commodity-price backdrop has benefited all oil producers, particularly EOG Resources (the stock is up more than 28% year-to-date). The analyst likes the company’s large portfolio of high-return projects and strong technical competence. EOG’s confidence level in the Eagle Ford remains high and even with the implementation of tighter well spacing last year, individual well performance remains outstanding. However, weak commodity prices and lower production during the reported quarter are major concerns. (You can read the full research report on EOG Resources here>>)

Dominion Resources is involved in every aspect of the energy business - it produces nature gas, operates storage facilities for the commodity and is also a regulated utility paying an attractive dividend currently yielding 3.7%. The analyst likes the company’s organic and inorganic growth strategies, which are likely to fuel growth. An expanding customer base should have a positive impact on Dominion’s performance in the future. In addition, the extension of investment tax credit will benefit its solar facilities. (You can read the full research report on Dominion here.)

Other noteworthy reports we are featuring today include FedEx (FDX), Tesla (TSLA) and Monster Beverage (MNST).

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Sheraz Mian

Director of Research