We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights United Parcel Service, Booking Holdings, Lockheed Martin, CME and General Dynamics
Read MoreHide Full Article
For Immediate Release
Chicago, IL – October 11, 2023 – 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: United Parcel Service, Inc. (UPS - Free Report) , Booking Holdings Inc. (BKNG - Free Report) , Lockheed Martin Corp. (LMT - Free Report) , CME Group Inc. (CME - Free Report) and General Dynamics Corp. (GD - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Stock Reports for UPS, Booking Holdings and Lockheed Martin
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 United Parcel Service, Inc., Booking Holdings Inc. and Lockheed Martin Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
UPS shares have lagged the broader market as well as rival FedEx this year (-11.4% vs. +14.3% for the S&P 500 & +47.7% for FDX). The company now expects revenues in 2023 to be around $93 billion. The new forecast is not only below the previous outlook of $97 billion but also much lower than 2022's actual figure.
Management cited costs associated with the labor deal, inked with 330,000 unionized workers, and declining package volumes induced by the labor negotiations as reasons for lowering the outlook. The five-year deal with the International Brotherhood of Teamsters for better pay and working conditions is worth less than $30 billion. It is likely to keep labor cost at high levels.
However, UPS is looking to drive growth in this uncertain scenario by improving efficiencies. Efforts to reward its shareholders also bode well for UPS. The company's strong free cash flow generating ability is encouraging and supports its shareholder-friendly activities.
Shares of Booking Holdings have outperformed the Zacks Internet - Commerce industry over the year-to-date period (+49.3% vs. +33.2%). The company is benefiting from a substantial improvement in booking trends driven by growing demand for travel. This, in turn, is helping lower cancellation rates.
Booking Holdings expects room night growth to increase at a low double-digit rate on a year-on-year basis in the third quarter. Solid growth in domestic bookings is driving growth. The company is experiencing solid momentum in international regions, which is a positive. Strong growth in rental cars, airline ticket units and booked room nights is another positive.
Solid momentum across the agency, merchant, advertising and other businesses is a tailwind. Further, strengthening alternative accommodation business and flight capabilities are major positives. However, intensifying competition is a headwind.
Lockheed Martin shares have outperformed the Zacks Aerospace - Defense industry over the past year (+9.0% vs. -0.1%). The company keeps on securing big defense contracts from the Pentagon and other U.S. allies, which in turn add up to solid backlog count. Its strong backlog boosts long-term growth.
Lockheed remains the largest U.S. defense contractor with a steady order flow from its leveraged presence in the Army, Air Force, Navy and IT programs. The solid U.S. defense budgetary provisions should boost its business. Lockheed boasts strength in the international defense market.
Yet, America and Turkey's tiff as a result of the latter accepting Russian products may hurt its component supply from Turkey. It is facing performance issues concerning some of its products, which may hurt its results. An uncertainty regarding the possible sanction by China on Lockheed might impact the latter.
Other noteworthy reports we are featuring today include CME Group Inc. and General Dynamics Corp.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights United Parcel Service, Booking Holdings, Lockheed Martin, CME and General Dynamics
For Immediate Release
Chicago, IL – October 11, 2023 – 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: United Parcel Service, Inc. (UPS - Free Report) , Booking Holdings Inc. (BKNG - Free Report) , Lockheed Martin Corp. (LMT - Free Report) , CME Group Inc. (CME - Free Report) and General Dynamics Corp. (GD - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Stock Reports for UPS, Booking Holdings and Lockheed Martin
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 United Parcel Service, Inc., Booking Holdings Inc. and Lockheed Martin Corp. 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 >>>
UPS shares have lagged the broader market as well as rival FedEx this year (-11.4% vs. +14.3% for the S&P 500 & +47.7% for FDX). The company now expects revenues in 2023 to be around $93 billion. The new forecast is not only below the previous outlook of $97 billion but also much lower than 2022's actual figure.
Management cited costs associated with the labor deal, inked with 330,000 unionized workers, and declining package volumes induced by the labor negotiations as reasons for lowering the outlook. The five-year deal with the International Brotherhood of Teamsters for better pay and working conditions is worth less than $30 billion. It is likely to keep labor cost at high levels.
However, UPS is looking to drive growth in this uncertain scenario by improving efficiencies. Efforts to reward its shareholders also bode well for UPS. The company's strong free cash flow generating ability is encouraging and supports its shareholder-friendly activities.
(You can read the full research report on United Parcel here >>>)
Shares of Booking Holdings have outperformed the Zacks Internet - Commerce industry over the year-to-date period (+49.3% vs. +33.2%). The company is benefiting from a substantial improvement in booking trends driven by growing demand for travel. This, in turn, is helping lower cancellation rates.
Booking Holdings expects room night growth to increase at a low double-digit rate on a year-on-year basis in the third quarter. Solid growth in domestic bookings is driving growth. The company is experiencing solid momentum in international regions, which is a positive. Strong growth in rental cars, airline ticket units and booked room nights is another positive.
Solid momentum across the agency, merchant, advertising and other businesses is a tailwind. Further, strengthening alternative accommodation business and flight capabilities are major positives. However, intensifying competition is a headwind.
Lockheed Martin shares have outperformed the Zacks Aerospace - Defense industry over the past year (+9.0% vs. -0.1%). The company keeps on securing big defense contracts from the Pentagon and other U.S. allies, which in turn add up to solid backlog count. Its strong backlog boosts long-term growth.
Lockheed remains the largest U.S. defense contractor with a steady order flow from its leveraged presence in the Army, Air Force, Navy and IT programs. The solid U.S. defense budgetary provisions should boost its business. Lockheed boasts strength in the international defense market.
Yet, America and Turkey's tiff as a result of the latter accepting Russian products may hurt its component supply from Turkey. It is facing performance issues concerning some of its products, which may hurt its results. An uncertainty regarding the possible sanction by China on Lockheed might impact the latter.
(You can read the full research report on Lockheed Martin here >>>)
Other noteworthy reports we are featuring today include CME Group Inc. and General Dynamics Corp.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.