We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Top Stock Reports for BP, Gilead, Enterprise Products & Colgate
Read MoreHide Full Article
Friday, May 4, 2018
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 17 major stocks, including BP (BP - Free Report) , Gilead (GILD - Free Report) , Enterprise Products (EPD - Free Report) and Colgate (CL - Free Report) . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Strong Buy-ranked BP’s shares are up +26.7% over the last year, outperforming the Zacks International Integrated Oil industry (up +16.1%). The integrated energy company has been gaining on the back of a strong portfolio of upstream projects. Since 2016, BP has placed 13 key upstream projects online, including Atoll Phase 1 & Zohr, driving the company’s record first-quarter 2018 production. Notably, since the October-December quarter of 2010, the first-quarter output has been the highest.
The Zacks analyst appreciates the company’s commitment to return cash to shareholders through dividend payments. The company’s dividend yield of almost 4% is way higher than 1.9% of the S&P 500. In fact, the strong first-quarter 2018 results have raised expectations of a hike in quarterly dividend soon which will mark the company’s first dividend raise since 2014.
Shares of Buy-rated Gilead have outperformed the Zacks Biotech industry in the last six months, losing -10% vs. a decline of -13%. Gilead’s first-quarter results were disappointing with both earnings and sales missing estimates as the magnitude of the decline in HCV sales was wider-than-expected due to lower patient starts and increasing competition.
Nevertheless, Gilead is now banking on its HIV franchise and newer avenues like the CAR-T therapy to drive growth. The HIV franchise maintains momentum driven by the rapid adoption of Descovy-based regimens. The FDA approval of Biktarvy has further widened the portfolio.
The CHMP has also adopted a positive opinion on the regimen and a tentative approval is expected in the third-quarter. The initial uptake of Yescarta is encouraging. Meanwhile, Gilead is intending to foray into the NASH market with selonsertib and filgotinib. Both the candidates are being evaluated in late stage studies and a tentative approval will diversify Gilead’s portfolio
Enterprise Products’ shares have gained +6.1% over the last six months, even as the Zacks Oil Production Pipeline MLP industry declined by -5.3%. Enterprise Products Partners' extensive network of pipeline that is spread across 50,000 miles is noteworthy. The pipeline network is connected to every major U.S. shale play and provides services to producers and users of commodities by transporting gas, liquids and refined products.
Enterprise Products has a strong commitment to return cash back to the unitholders. The partnership has raised its cash distribution for 55 successive quarters, reflecting stable fee-based cash flow from diversified midstream assets. Also, during first-quarter 2018, Enterprise’s earnings and revenue beat expectations. However, Enterprise Products’ excessive reliance on debt reflects its balance sheet weaknesses.
The Zacks analyst is also concerned about Enterprise Products’ rising operating costs. The partnership’s units have lost 0.9% over the last year, as compared to the industry's 19.4% decline.
Shares of Colgate have lost -9.3% over the last three months, underperforming the Zacks Consumer Staples sector, which has declined -8.6% over the same period. However, Colgate has been popular with investors for its meet or beat earnings track record. Continuing with this trend, the company delivered an earnings beat in first-quarter 2018, after three consecutive quarters of in line earnings. Results continue to be driven by sales growth and significant market share gains.
The Zacks analyst thinks the company remains on track with the brand building and productivity maximization initiatives. Consequently, it provided a robust outlook for 2018. Further, the company is encouraged by the progress on Global Growth and Efficiency Program along with additional savings anticipated from the recent expansion of the program.
However, its margins continue to be strained due to higher raw material and packaging costs. Moreover, Colgate expects the backdrop to remain challenging in 2018 due to uncertain global markets and slowing category growth worldwide.
Other noteworthy reports we are featuring today include Prologis (PLD - Free Report) , Public Storage (PSA - Free Report) and Prudential Financial (PRU - Free Report) .
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trendsand Earnings Previewreports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Top Stock Reports for BP, Gilead, Enterprise Products & Colgate
Friday, May 4, 2018
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 17 major stocks, including BP (BP - Free Report) , Gilead (GILD - Free Report) , Enterprise Products (EPD - Free Report) and Colgate (CL - Free Report) . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Strong Buy-ranked BP’s shares are up +26.7% over the last year, outperforming the Zacks International Integrated Oil industry (up +16.1%). The integrated energy company has been gaining on the back of a strong portfolio of upstream projects. Since 2016, BP has placed 13 key upstream projects online, including Atoll Phase 1 & Zohr, driving the company’s record first-quarter 2018 production. Notably, since the October-December quarter of 2010, the first-quarter output has been the highest.
The Zacks analyst appreciates the company’s commitment to return cash to shareholders through dividend payments. The company’s dividend yield of almost 4% is way higher than 1.9% of the S&P 500. In fact, the strong first-quarter 2018 results have raised expectations of a hike in quarterly dividend soon which will mark the company’s first dividend raise since 2014.
(You can read the full research report on BP here >>>).
Shares of Buy-rated Gilead have outperformed the Zacks Biotech industry in the last six months, losing -10% vs. a decline of -13%. Gilead’s first-quarter results were disappointing with both earnings and sales missing estimates as the magnitude of the decline in HCV sales was wider-than-expected due to lower patient starts and increasing competition.
Nevertheless, Gilead is now banking on its HIV franchise and newer avenues like the CAR-T therapy to drive growth. The HIV franchise maintains momentum driven by the rapid adoption of Descovy-based regimens. The FDA approval of Biktarvy has further widened the portfolio.
The CHMP has also adopted a positive opinion on the regimen and a tentative approval is expected in the third-quarter. The initial uptake of Yescarta is encouraging. Meanwhile, Gilead is intending to foray into the NASH market with selonsertib and filgotinib. Both the candidates are being evaluated in late stage studies and a tentative approval will diversify Gilead’s portfolio
(You can read the full research report on Gilead here >>>).
Enterprise Products’ shares have gained +6.1% over the last six months, even as the Zacks Oil Production Pipeline MLP industry declined by -5.3%. Enterprise Products Partners' extensive network of pipeline that is spread across 50,000 miles is noteworthy. The pipeline network is connected to every major U.S. shale play and provides services to producers and users of commodities by transporting gas, liquids and refined products.
Enterprise Products has a strong commitment to return cash back to the unitholders. The partnership has raised its cash distribution for 55 successive quarters, reflecting stable fee-based cash flow from diversified midstream assets. Also, during first-quarter 2018, Enterprise’s earnings and revenue beat expectations. However, Enterprise Products’ excessive reliance on debt reflects its balance sheet weaknesses.
The Zacks analyst is also concerned about Enterprise Products’ rising operating costs. The partnership’s units have lost 0.9% over the last year, as compared to the industry's 19.4% decline.
(You can read the full research report on Enterprise Products here >>>).
Shares of Colgate have lost -9.3% over the last three months, underperforming the Zacks Consumer Staples sector, which has declined -8.6% over the same period. However, Colgate has been popular with investors for its meet or beat earnings track record. Continuing with this trend, the company delivered an earnings beat in first-quarter 2018, after three consecutive quarters of in line earnings. Results continue to be driven by sales growth and significant market share gains.
The Zacks analyst thinks the company remains on track with the brand building and productivity maximization initiatives. Consequently, it provided a robust outlook for 2018. Further, the company is encouraged by the progress on Global Growth and Efficiency Program along with additional savings anticipated from the recent expansion of the program.
However, its margins continue to be strained due to higher raw material and packaging costs. Moreover, Colgate expects the backdrop to remain challenging in 2018 due to uncertain global markets and slowing category growth worldwide.
(You can read the full research report on Colgate here >>>).
Other noteworthy reports we are featuring today include Prologis (PLD - Free Report) , Public Storage (PSA - Free Report) and Prudential Financial (PRU - Free Report) .
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>