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Top Stock Reports for Boeing, Texas Instruments & General Dynamics

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Thursday, October 25, 2018

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 Boeing (BA - Free Report) , Texas Instruments (TXN - Free Report) and General Dynamics (GD - 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 >>>

Boeing’s shares have surged +36.8% over the past year, outperforming the Zacks Aerospace & Defense industry, which gained +11.3% during the same time period. Boeing ended the third quarter of 2018 on an impressive note, with both its top and bottom lines comfortably surpassing their respective expectations.

The Zacks analyst emphasizes that Boeing is the largest aircraft manufacturer in the world in terms of revenues, orders and deliveries. The company’s 20-year market outlook forecasts commercial jetliner demand to increase by 4.1%, with single-aisle jets being the major driver behind this demand growth. However, this aerospace giant continues to face challenges from stiff competition.

For the company’s 747 model, weak demand for large commercial passenger and freighter aircraft accompanied with slower-than-expected growth of global freight traffic continue to create market uncertainties. Engine-related issues pertaining to its 787 fleet may hurt the company's growth.

(You can read the full research report on Boeing here >>>).

Shares of Texas Instruments have lost –11.9% year to date, underperforming the Zacks General Semiconductor industry which has declined -7.3% over the same period. Texas Instruments reported third quarter results wherein both earnings and revenues improved year over year on the back of strong product portfolio.

Analog products, especially power and signal chains performed well during the quarter. The emergence of 5G technology continued to aid momentum to the company’s analog products in the communication equipment market throughout the quarter. Further, the company remains optimistic about its growing investments in the automotive and industrial markets.

Moreover, its increasing R&D investments remain a major positive. However, the sluggishness in the company’s embedded processing unit due to weak performing processors remains a concern. Also, high debt level and unfavorable currency effect are major negatives.

(You can read the full research report on Texas Instruments here >>>).

General Dynamics’ shares have lost 14.8% year to date, underperforming the Zacks Aerospace & Defense industry, which increased +4% over the same period. General Dynamics ended third-quarter 2018 on a mixed note. While the company’s bottom line surpassed expectations, the top line missed it.

The Zacks analyst thinks General Dynamics enjoys solid demand for its varied defense products leading to organic growth, while a notable acquisition strategy adds to its inorganic growth. General Dynamics continues to proceed toward an anticipated FAA type certification for its G600 aircraft later this year, which is expected to enter service in 2019.

These new jets will be significantly revenue and earnings accretive for the company, once they are available to global customers. The company also operates in a highly competitive market with some competitors having extensive or specialized business segments, superior to General Dynamics.

(You can read the full research report on General Dynamics here >>>).

Other noteworthy reports we are featuring today include American International Group (AIG - Free Report) , TD Ameritrade (AMTD - Free Report) and Edwards Lifesciences (EW - Free Report) .

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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>>>

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