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The Zacks Analyst Blog Highlights: Comcast, Medtronic, American, Estee Lauder and BP
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For Immediate Release
Chicago, IL – June 28, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Comcast Corporation (CMCSA - Free Report) , Medtronic plc (MDT - Free Report) , American Express Company (AXP - Free Report) , The Estee Lauder Companies Inc. (EL - Free Report) and BP p.l.c. (BP - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Comcast, Medtronic and American Express
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Comcast, Medtronic and American Express. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Comcast have underperformed the Zacks Cable Television industry in the year-to-date period (+8.4% vs. +8.8%). The Zacks analyst believes that Comcast has been benefiting from solid high-speed Internet customer wins as reflected by its first-quarter results.
Further, its streaming service Peacock has gained significant tract within a short span of time and is a key catalyst in driving broadband sales. However, Comcast persistently suffers from video-subscriber attrition due to cord cutting. Also, theme park revenues are expected to suffer from lower footfall. Further, weakness in film business is also a headwind.
Medtronic's shares have gained +10% over the last six months against the Zacks Medical Products industry's gain of +3.4%. The Zacks analyst believes that all of the company's major business groups have been contributing to consistent revenue growth at CER, thereby increasing sustainability across groups and regions.
Further, fiscal 2022 EPS and revenue guidance, indicating strong growth, buoys optimism. Notably, Medtronic's fiscal fourth-quarter earnings and revenues both were ahead of the respective Zacks Consensus Estimate. On the flip side, the company's performance was dented by deferred procedures due to the pandemic, especially in the emerging markets.
Shares of American Express have gained +18.5% in the past three months against the Zacks Financial Miscellaneous Services industry's gain of +8.1%. The Zacks analyst believes that its strategic initiatives bode well to recover from the bleak market. Further, a strong cash position puts the company in a comfortable position to service its financial commitments.
Meanwhile, a decline in card-member services due to less usage of travel-related benefits following COVID-imposed travel restrictions has been aiding margins. However, low levels of billed business and travel are likely to weigh on the business. Also, the company might continue to witness drained profitability and stressed revenues due to current uncertainties.
Other noteworthy reports we are featuring today include The Estee Lauder Companies and BP.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It's bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is "Will you get into the right stocks early when their growth potential is greatest?"
Zacks has released a Special Report to help you do just that, and today it's free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Comcast, Medtronic, American, Estee Lauder and BP
For Immediate Release
Chicago, IL – June 28, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Comcast Corporation (CMCSA - Free Report) , Medtronic plc (MDT - Free Report) , American Express Company (AXP - Free Report) , The Estee Lauder Companies Inc. (EL - Free Report) and BP p.l.c. (BP - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Comcast, Medtronic and American Express
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Comcast, Medtronic and American Express. 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 >>>
Shares of Comcast have underperformed the Zacks Cable Television industry in the year-to-date period (+8.4% vs. +8.8%). The Zacks analyst believes that Comcast has been benefiting from solid high-speed Internet customer wins as reflected by its first-quarter results.
Further, its streaming service Peacock has gained significant tract within a short span of time and is a key catalyst in driving broadband sales. However, Comcast persistently suffers from video-subscriber attrition due to cord cutting. Also, theme park revenues are expected to suffer from lower footfall. Further, weakness in film business is also a headwind.
(You can read the full research report on Comcast here >>>)
Medtronic's shares have gained +10% over the last six months against the Zacks Medical Products industry's gain of +3.4%. The Zacks analyst believes that all of the company's major business groups have been contributing to consistent revenue growth at CER, thereby increasing sustainability across groups and regions.
Further, fiscal 2022 EPS and revenue guidance, indicating strong growth, buoys optimism. Notably, Medtronic's fiscal fourth-quarter earnings and revenues both were ahead of the respective Zacks Consensus Estimate. On the flip side, the company's performance was dented by deferred procedures due to the pandemic, especially in the emerging markets.
(You can read the full research report on Medtronic here >>>)
Shares of American Express have gained +18.5% in the past three months against the Zacks Financial Miscellaneous Services industry's gain of +8.1%. The Zacks analyst believes that its strategic initiatives bode well to recover from the bleak market. Further, a strong cash position puts the company in a comfortable position to service its financial commitments.
Meanwhile, a decline in card-member services due to less usage of travel-related benefits following COVID-imposed travel restrictions has been aiding margins. However, low levels of billed business and travel are likely to weigh on the business. Also, the company might continue to witness drained profitability and stressed revenues due to current uncertainties.
(You can read the full research report on American Express here >>>)
Other noteworthy reports we are featuring today include The Estee Lauder Companies and BP.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It's bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is "Will you get into the right stocks early when their growth potential is greatest?"
Zacks has released a Special Report to help you do just that, and today it's free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.