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The Zacks Analyst Blog Highlights: Home Depot, T-Mobile, ConocoPhillips, General Electric, and Archer-Daniels-Midland
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For Immediate Release
Chicago, IL – October 14, 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: The Home Depot, Inc. (HD - Free Report) , T-Mobile US, Inc. (TMUS - Free Report) , ConocoPhillips (COP - Free Report) , General Electric Co. (GE - Free Report) and Archer-Daniels-Midland Co. (ADM - Free Report) .
Here are highlights fromWednesday’s Analyst Blog:
Top Research Reports for Home Depot, T-Mobile and ConocoPhillips
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including The Home Depot, Inc., T-Mobile US, Inc., and ConocoPhillips. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Home Depot have outperformed the Zacks Retail Building Products industry in the year to date period (+28% vs. +23.7%). The Zacks analyst believes that Home Depot has been witnessing significant benefits from the execution of its One Home Depot plan, which focuses on expanding supply chain, technology investments and digital enhancements.
The company has also been gaining from growth in Pro and DIY customer categories as well as the digital momentum. Increased penetration of lumber products and continued pressure from higher transportation costs weighed on its Q2 gross margin though. In the home improvement retailing business, Home Depot has been facing stiff competition from Lowe’s, Sherwin-Williams Company and other home supply retailers.
T-Mobile shares have gained +1% over the past year against the Zacks National Wireless industry’s loss of -1.5%. The Zacks analyst lauds the company’s efforts to expand its 5G network to bring fast and affordable wireless service across the country and believes that it will prove to be greatly beneficial for it in the long run.
T-Mobile’s Extended Range 5G covers 305 million people across 1.7 million square miles. The superfast Ultra Capacity 5G covers 165 million of those people and is expected to reach 200 million by the end of 2021. Fiercely competitive and an almost saturated U.S. telecom market, low-priced plans for consumers and small enterprises, and high costs related to promotional activities to lure customers from rivals have been denting its margins.
Shares of ConocoPhillips have gained +49.6% over the past six months against the Zacks U.S. Integrated Oil industry’s gain of +42.7%. The Zacks analyst believes that a huge inventory of drilling locations in the Eagle Ford Shale will likely contribute to ConocoPhillips’ production.
With an inventory of 4,700 undrilled Permian wells, the firm’s production outlook remains bright. The company recently announced an agreement to purchase all of Royal Dutch Shell’s assets in the prolific Permian. The company aims to broaden its presence in the Permian basin with this deal.
Other noteworthy reports we are featuring today include General Electric Co. and Archer-Daniels-Midland Co.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
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/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Home Depot, T-Mobile, ConocoPhillips, General Electric, and Archer-Daniels-Midland
For Immediate Release
Chicago, IL – October 14, 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: The Home Depot, Inc. (HD - Free Report) , T-Mobile US, Inc. (TMUS - Free Report) , ConocoPhillips (COP - Free Report) , General Electric Co. (GE - Free Report) and Archer-Daniels-Midland Co. (ADM - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for Home Depot, T-Mobile and ConocoPhillips
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including The Home Depot, Inc., T-Mobile US, Inc., and ConocoPhillips. 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 Home Depot have outperformed the Zacks Retail Building Products industry in the year to date period (+28% vs. +23.7%). The Zacks analyst believes that Home Depot has been witnessing significant benefits from the execution of its One Home Depot plan, which focuses on expanding supply chain, technology investments and digital enhancements.
The company has also been gaining from growth in Pro and DIY customer categories as well as the digital momentum. Increased penetration of lumber products and continued pressure from higher transportation costs weighed on its Q2 gross margin though. In the home improvement retailing business, Home Depot has been facing stiff competition from Lowe’s, Sherwin-Williams Company and other home supply retailers.
(You can read the full research report on Home Depot here >>>)
T-Mobile shares have gained +1% over the past year against the Zacks National Wireless industry’s loss of -1.5%. The Zacks analyst lauds the company’s efforts to expand its 5G network to bring fast and affordable wireless service across the country and believes that it will prove to be greatly beneficial for it in the long run.
T-Mobile’s Extended Range 5G covers 305 million people across 1.7 million square miles. The superfast Ultra Capacity 5G covers 165 million of those people and is expected to reach 200 million by the end of 2021. Fiercely competitive and an almost saturated U.S. telecom market, low-priced plans for consumers and small enterprises, and high costs related to promotional activities to lure customers from rivals have been denting its margins.
(You can read the full research report on T-Mobile here >>>)
Shares of ConocoPhillips have gained +49.6% over the past six months against the Zacks U.S. Integrated Oil industry’s gain of +42.7%. The Zacks analyst believes that a huge inventory of drilling locations in the Eagle Ford Shale will likely contribute to ConocoPhillips’ production.
With an inventory of 4,700 undrilled Permian wells, the firm’s production outlook remains bright. The company recently announced an agreement to purchase all of Royal Dutch Shell’s assets in the prolific Permian. The company aims to broaden its presence in the Permian basin with this deal.
(You can read the full research report on ConocoPhillips here >>>)
Other noteworthy reports we are featuring today include General Electric Co. and Archer-Daniels-Midland Co.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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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/performancefor information about the performance numbers displayed in this press release.