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The Zacks Analyst Blog Highlights Chevron, Amgen, HSBC, CVS Health and S&P Global
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For Immediate Release
Chicago, IL – October 12, 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: Chevron Corp. (CVX - Free Report) , Amgen Inc. (AMGN - Free Report) , HSBC Holdings plc (HSBC - Free Report) , CVS Health Corp. (CVS - Free Report) , and S&P Global Inc. (SPGI - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Chevron, Amgen and HSBC
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 Chevron Corp. (CVX - Free Report) , Amgen Inc. (AMGN - Free Report) and HSBC Holdings plc (HSBC - Free Report) . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Chevron shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past year (+46.7% vs. +11.2%). The company seems poised for further capital appreciation based on a slew of tailwinds.
The supermajor is considered one of the best placed integrated oil firms to achieve sustainable production growth, thanks to its premier position in the lucrative Permian Basin. Chevron’s Noble Energy takeover expanded its footprint in the region and the DJ Basin along with the addition of cash generating offshore assets in Israel.
In shareholder friendly moves, the integrated major recently hiked its dividend and boosted the stock repurchase program. Considering all of these factors, we expect the company’s EPS to grow 148% this year. Consequently, Chevron is viewed as a preferred energy major to own now.
Amgen shares have outperformed the Zacks Medical - Biomedical and Genetics industry over the past year (+15.0% vs. -32.8%). The company’s key drugs like Prolia, Repatha and Xgeva are driving sales, increasing competition for its legacy products is hurting the same.
Amgen’s new drugs Lumakras and Tezspire, are off to an encouraging start. The acquisition of ChemoCentryx, if successfully closed, will add a strategic new growth asset in Tavneos to Amgen’s portfolio. Amgen boasts a strong biosimilars portfolio with potential new products expected to drive long-term growth.
However, increased pricing headwinds and competitive pressure are hurting sales of many of Amgen’s products including some biosimilars. The IRS tax litigation is an overhang on Amgen shares. Estimates have declined slightly ahead of Q3 results.
HSBC's shares have declined -12.3% over the past year against the Zacks Banks - Foreign industry’s decline of -18.1%. The company’s initiatives to improve market share in the U.K. and China will continue to support financials, these might lead to a rise in expenses, which will likely hurt HSBC’s profits.
Nevertheless, HSBC’s product and service leadership in many of the cross-border banking services helps it in widening its customer base. Its strong capital position, initiatives to strengthen digital capabilities, an extensive network and improvement in operating efficiency through business restructuring will likely keep aiding the company's growth.
Moreover, exiting from the U.S. and French retail banking operations is expected to help HSBC focus more on Asia. In sync with this, the acquisition of AXA Singapore insurance assets will expand business in the region.
Other noteworthy reports we are featuring today include CVS Health Corp. (CVS - Free Report) , and S&P Global Inc. (SPGI - Free Report) .
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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 Chevron, Amgen, HSBC, CVS Health and S&P Global
For Immediate Release
Chicago, IL – October 12, 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: Chevron Corp. (CVX - Free Report) , Amgen Inc. (AMGN - Free Report) , HSBC Holdings plc (HSBC - Free Report) , CVS Health Corp. (CVS - Free Report) , and S&P Global Inc. (SPGI - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Chevron, Amgen and HSBC
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 Chevron Corp. (CVX - Free Report) , Amgen Inc. (AMGN - Free Report) and HSBC Holdings plc (HSBC - 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 >>>
Chevron shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past year (+46.7% vs. +11.2%). The company seems poised for further capital appreciation based on a slew of tailwinds.
The supermajor is considered one of the best placed integrated oil firms to achieve sustainable production growth, thanks to its premier position in the lucrative Permian Basin. Chevron’s Noble Energy takeover expanded its footprint in the region and the DJ Basin along with the addition of cash generating offshore assets in Israel.
In shareholder friendly moves, the integrated major recently hiked its dividend and boosted the stock repurchase program. Considering all of these factors, we expect the company’s EPS to grow 148% this year. Consequently, Chevron is viewed as a preferred energy major to own now.
(You can read the full research report on Chevron here >>>)
Amgen shares have outperformed the Zacks Medical - Biomedical and Genetics industry over the past year (+15.0% vs. -32.8%). The company’s key drugs like Prolia, Repatha and Xgeva are driving sales, increasing competition for its legacy products is hurting the same.
Amgen’s new drugs Lumakras and Tezspire, are off to an encouraging start. The acquisition of ChemoCentryx, if successfully closed, will add a strategic new growth asset in Tavneos to Amgen’s portfolio. Amgen boasts a strong biosimilars portfolio with potential new products expected to drive long-term growth.
However, increased pricing headwinds and competitive pressure are hurting sales of many of Amgen’s products including some biosimilars. The IRS tax litigation is an overhang on Amgen shares. Estimates have declined slightly ahead of Q3 results.
(You can read the full research report on Amgen here >>>)
HSBC's shares have declined -12.3% over the past year against the Zacks Banks - Foreign industry’s decline of -18.1%. The company’s initiatives to improve market share in the U.K. and China will continue to support financials, these might lead to a rise in expenses, which will likely hurt HSBC’s profits.
Nevertheless, HSBC’s product and service leadership in many of the cross-border banking services helps it in widening its customer base. Its strong capital position, initiatives to strengthen digital capabilities, an extensive network and improvement in operating efficiency through business restructuring will likely keep aiding the company's growth.
Moreover, exiting from the U.S. and French retail banking operations is expected to help HSBC focus more on Asia. In sync with this, the acquisition of AXA Singapore insurance assets will expand business in the region.
(You can read the full research report on HSBC here >>>)
Other noteworthy reports we are featuring today include CVS Health Corp. (CVS - Free Report) , and S&P Global Inc. (SPGI - Free Report) .
Why Haven’t You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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.