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Top Research Reports for Comcast, ConocoPhillips & Delta Air Lines
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Wednesday, October 31, 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 Comcast (CMCSA - Free Report) , ConocoPhillips (COP - Free Report) and Delta Air Lines (DAL - Free Report) . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Buy-ranked Comcast’s shares have outperformed the Zacks Cable Television industry year to date, losing -5.8% vs. -11.4% in the space. Comcast’s third-quarter 2018 results benefited from solid growth in the number of residential high-speed Internet customers.
Advertising revenues also increased due to higher spending on political advertising. Moreover, strong adoption of Xfinity Home drove top-line growth. The Zacks analyst thinks the nationwide rollout of the DOCSIS 3.1 technology and the completion of the nationwide rollout of Comcast’s wireless services under the Xfinity Mobile brand will continue to boost subscriber base. Partnerships with the likes of Charter, Netflix and Amazon Prime are other positives.
The Sky acquisition expands Comcast’s international reach. Sky’s content portfolio strength is a major growth driver. However, the company continues to lose voice and video subscribers due to cord-cutting and stiff competition. Additionally, high debt level is a headwind.
Shares of Buy-ranked ConocoPhillips are up +33.5% over the past year, outperforming the Zacks U.S. Integrated Oil industry, which has gained +13.7% over the same period. In terms of production and proved reserves, ConocoPhillips is the largest oil and gas exploration and production (E&P) player in the world.
The company recently reported strong third-quarter 2018 results, courtesy of higher oil realizations and strong volumes from unconventional assets. The Zacks analyst thinks there are significant opportunities for the upstream energy player in the Eagle Ford where it owns about 3,400 undrilled locations. In fact, a strong focus on two other prospective resources like Delaware basin and Bakken shale is expected to help ConocoPhillips achieve its target of 22% CAGR of production through 2017 to 2020.
Importantly, through 2017, the firm had lowered its debt load by 30%, thereby enhancing its credit rating. Consequently, ConocoPhillips offers substantial upside potential from the current price levels and is a preferred E&P company to own now.
Delta Air Lines’ shares have lost -1.5% year to date, outperforming the Zacks Airline industry's -21.8% decline. The stock has also outperformed fellow airline heavyweight, American Airlines, which has declined -33.4% in the same time frame. Delta performed impressively in the third quarter of 2018, despite high fuel costs. Both earnings and revenues surpassed the respective estimates and improved year over year.
Strong demand for air travel aided results, causing passenger revenues to increase 8.2%. Anticipating travel demand to remain strong, Delta raised its view pertaining to revenue growth for 2018. The Zacks analyst is also impressed by the company's efforts to reward its shareholders.
Despite the robust third-quarter performance, the threat posed by rising fuel costs, which increased 32.1% in the third quarter, is a major concern. Also, its fuel bill rose 35% in the quarter. Fuel costs are anticipated to be between $2.47 and $2.52 per gallon in the final quarter of 2018. Expenses on the labor front might also limit bottom-line growth.
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
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>>>
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Top Research Reports for Comcast, ConocoPhillips & Delta Air Lines
Wednesday, October 31, 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 Comcast (CMCSA - Free Report) , ConocoPhillips (COP - Free Report) and Delta Air Lines (DAL - 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 >>>
Buy-ranked Comcast’s shares have outperformed the Zacks Cable Television industry year to date, losing -5.8% vs. -11.4% in the space. Comcast’s third-quarter 2018 results benefited from solid growth in the number of residential high-speed Internet customers.
Advertising revenues also increased due to higher spending on political advertising. Moreover, strong adoption of Xfinity Home drove top-line growth. The Zacks analyst thinks the nationwide rollout of the DOCSIS 3.1 technology and the completion of the nationwide rollout of Comcast’s wireless services under the Xfinity Mobile brand will continue to boost subscriber base. Partnerships with the likes of Charter, Netflix and Amazon Prime are other positives.
The Sky acquisition expands Comcast’s international reach. Sky’s content portfolio strength is a major growth driver. However, the company continues to lose voice and video subscribers due to cord-cutting and stiff competition. Additionally, high debt level is a headwind.
(You can read the full research report on Comcast here >>>).
Shares of Buy-ranked ConocoPhillips are up +33.5% over the past year, outperforming the Zacks U.S. Integrated Oil industry, which has gained +13.7% over the same period. In terms of production and proved reserves, ConocoPhillips is the largest oil and gas exploration and production (E&P) player in the world.
The company recently reported strong third-quarter 2018 results, courtesy of higher oil realizations and strong volumes from unconventional assets. The Zacks analyst thinks there are significant opportunities for the upstream energy player in the Eagle Ford where it owns about 3,400 undrilled locations. In fact, a strong focus on two other prospective resources like Delaware basin and Bakken shale is expected to help ConocoPhillips achieve its target of 22% CAGR of production through 2017 to 2020.
Importantly, through 2017, the firm had lowered its debt load by 30%, thereby enhancing its credit rating. Consequently, ConocoPhillips offers substantial upside potential from the current price levels and is a preferred E&P company to own now.
(You can read the full research report on ConocoPhillips here >>>).
Delta Air Lines’ shares have lost -1.5% year to date, outperforming the Zacks Airline industry's -21.8% decline. The stock has also outperformed fellow airline heavyweight, American Airlines, which has declined -33.4% in the same time frame. Delta performed impressively in the third quarter of 2018, despite high fuel costs. Both earnings and revenues surpassed the respective estimates and improved year over year.
Strong demand for air travel aided results, causing passenger revenues to increase 8.2%. Anticipating travel demand to remain strong, Delta raised its view pertaining to revenue growth for 2018. The Zacks analyst is also impressed by the company's efforts to reward its shareholders.
Despite the robust third-quarter performance, the threat posed by rising fuel costs, which increased 32.1% in the third quarter, is a major concern. Also, its fuel bill rose 35% in the quarter. Fuel costs are anticipated to be between $2.47 and $2.52 per gallon in the final quarter of 2018. Expenses on the labor front might also limit bottom-line growth.
(You can read the full research report on Delta Air Lines here >>>).
Other noteworthy reports we are featuring today include ServiceNow (NOW - Free Report) , Xcel Energy (XEL - Free Report) and Zimmer Biomet (ZBH - Free Report) .
3 Medical Stocks to Buy Now
The greatest discovery in this century of biology is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating revenue, and cures for a variety of deadly diseases are in the pipeline.
So are big potential profits for early investors. Zacks has released an updated Special Report that explains this breakthrough and names the best 3 stocks to ride it.
See them today for 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>>>