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The Zacks Analyst Blog Highlights Apple, The Procter & Gamble, Chevron, Novo Nordisk and Canadian Natural Resources Limited
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For Immediate Release
Chicago, IL – March 30, 2022 – 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: Apple Inc. (AAPL - Free Report) , The Procter & Gamble Company (PG - Free Report) , Chevron Corporation (CVX - Free Report) , Novo Nordisk A/S (NVO - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Apple, P&G, Chevron and Others
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 Apple Inc., The Procter & Gamble Company, and Chevron Corporation. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Apple shares have gained +47.3% over the past year against the +16% gain for the S&P 500 index. The Zacks analyst sees Apple continuing to benefit from momentum in Services and robust performance from iPhone, Mac, Wearables and an expanding App Store ecosystem. Availability of new Mac Studio, new iPad Air and the most affordable iPhone SE. Apple TV+ is gaining recognition with shows like Ted Lasso winning Emmy and CODA wining Academy Award for Best Picture.
However, Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the pandemic. Nevertheless, Apple expects to achieve solid year-over-year revenue growth and set a second quarter revenue record despite significant supply constraints, which it estimates to be less than the fiscal first quarter.
Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry over the past year (+16.4% vs. +4.5%) on the back of impressive operational performance in an otherwise tough operating envoronment. This is reflected in the company's strong recent quarterly results that show improved productivity amid cost headwinds, along with the rising demand for cleaning products due to the resurgence of COVID-19 cases. Management lifted its fiscal 2022 view.
The company has witnessed SG&A expense leverage, owing to savings from overhead and marketing expenses, and cost leverage gains due to higher sales and real estate. However, unfavorable mix, commodity cost inflation, increase in freight costs, product and packaging investments and other impacts hurt margins. It expects higher commodity and freight costs to persist in fiscal 2022.
Shares of Chevron have lost some ground lately in 'solidarity' with the recent pullback in crude oil prices, but the stock remains a standout performer relative to the Zacks Oil and Gas - Integrated - International industry over the past year (+64.8% vs. +49.9%). In the accompanying research report linked below, the Zacks analyst describes the company as considered one of the best-placed global integrated oil firms to achieve sustainable production ramp-up. America's No. 2 energy company's existing project pipeline is among the best in the industry, thanks to its premier position in the lucrative Permian Basin.
However, Chevron was not immune to the commodity price crash of 2020, forcing it to cut spending substantially. The company's high oil price sensitivity is a concern too. Moreover, the supermajor's 10-year reserve replacement ratio of 100% is indicative of its inability to replace the amount of oil and gas produced. Finally, Chevron has been a laggard to jump into the net-zero bandwagon.
Other noteworthy reports we are featuring today include Novo Nordisk A/S and Canadian Natural Resources Limited.
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>>>
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 Apple, The Procter & Gamble, Chevron, Novo Nordisk and Canadian Natural Resources Limited
For Immediate Release
Chicago, IL – March 30, 2022 – 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: Apple Inc. (AAPL - Free Report) , The Procter & Gamble Company (PG - Free Report) , Chevron Corporation (CVX - Free Report) , Novo Nordisk A/S (NVO - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Apple, P&G, Chevron and Others
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 Apple Inc., The Procter & Gamble Company, and Chevron Corporation. 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 >>>
Apple shares have gained +47.3% over the past year against the +16% gain for the S&P 500 index. The Zacks analyst sees Apple continuing to benefit from momentum in Services and robust performance from iPhone, Mac, Wearables and an expanding App Store ecosystem. Availability of new Mac Studio, new iPad Air and the most affordable iPhone SE. Apple TV+ is gaining recognition with shows like Ted Lasso winning Emmy and CODA wining Academy Award for Best Picture.
However, Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the pandemic. Nevertheless, Apple expects to achieve solid year-over-year revenue growth and set a second quarter revenue record despite significant supply constraints, which it estimates to be less than the fiscal first quarter.
(You can read the full research report on Apple here >>>)
Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry over the past year (+16.4% vs. +4.5%) on the back of impressive operational performance in an otherwise tough operating envoronment. This is reflected in the company's strong recent quarterly results that show improved productivity amid cost headwinds, along with the rising demand for cleaning products due to the resurgence of COVID-19 cases. Management lifted its fiscal 2022 view.
The company has witnessed SG&A expense leverage, owing to savings from overhead and marketing expenses, and cost leverage gains due to higher sales and real estate. However, unfavorable mix, commodity cost inflation, increase in freight costs, product and packaging investments and other impacts hurt margins. It expects higher commodity and freight costs to persist in fiscal 2022.
(You can read the full research report on Procter & Gamble here >>>)
Shares of Chevron have lost some ground lately in 'solidarity' with the recent pullback in crude oil prices, but the stock remains a standout performer relative to the Zacks Oil and Gas - Integrated - International industry over the past year (+64.8% vs. +49.9%). In the accompanying research report linked below, the Zacks analyst describes the company as considered one of the best-placed global integrated oil firms to achieve sustainable production ramp-up. America's No. 2 energy company's existing project pipeline is among the best in the industry, thanks to its premier position in the lucrative Permian Basin.
However, Chevron was not immune to the commodity price crash of 2020, forcing it to cut spending substantially. The company's high oil price sensitivity is a concern too. Moreover, the supermajor's 10-year reserve replacement ratio of 100% is indicative of its inability to replace the amount of oil and gas produced. Finally, Chevron has been a laggard to jump into the net-zero bandwagon.
(You can read the full research report on Chevron here >>>)
Other noteworthy reports we are featuring today include Novo Nordisk A/S and Canadian Natural Resources Limited.
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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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.