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The Zacks Analyst Blog Highlights: Bank of America, American Express, Pepsi, Eaton and Autodesk
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For Immediate Release
Chicago, IL – September 5, 2017 – 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 includeBank of America (NYSE: (BAC - Free Report) – Free Report), American Express (NYSE: (AXP - Free Report) – Free Report),Pepsi (NYSE: (PEP - Free Report) – Free Report), Eaton (NYSE: (ETN - Free Report) – Free Report)and Autodesk (Nasdaq: (ADSK - Free Report) – Free Report).
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 Bank of America (NYSE: (BAC - Free Report) – Free Report), American Express (NYSE: (AXP - Free Report) – Free Report) and Pepsi (NYSE: (PEP - Free Report) – Free Report). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Bank of America shares have outperformed the Zacks Major Regional Banks industry over the last one year, gaining +50.9% vs. +29.6%. This price performance is backed by impressive earnings surprise history. The company has surpassed expectations for earnings in all the trailing four quarters.
Further, rising interest rates, increase in loan and deposit balances, efforts to streamline and simplify operations, and potential lesser regulations are expected to continue supporting the company's profitability going forward. However, fee income growth concerns remain a key concern. Specifically, fall in mortgage banking income owing to lower volumes and decline in refinancing along with uncertainty related to performance of capital markets are major concerns for the Zacks analyst.
Shares of Buy rated Pepsi have modestly lagged the broader market over the last year (+10.1% for PEP vs. +15.7% for the S&P 500), but they outperformed the Zacks Soft Drinks Beverages industry as well as Coke (KO was +8.3%). Despite global macro challenges, Pepsi has been doing well since 2014 on the back of significant innovation, ongoing revenue management strategies, improved productivity and better market execution.
The company has been facing challenges amid the shift in consumers’ preferences. Given this backdrop, it is gradually reshuffling its portfolio toward healthier “Everyday Nutrition Products” in order to adapt to the changing customer needs of healthier lifestyles. However, apart from sluggish CSD volumes, rising volatility in global markets and increasing currency headwinds may limit top line growth.
Buy rated American Express shares have gained +34.9% over the last year, higher than the broader finance sector’s gain of +19.1%. The Zacks analyst likes its solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments. Strategic initiatives focusing on the platinum card portfolio and OptBlue program will drive business volume.
Cost reduction and return of significant capital to shareholders through dividend and share buyback are other positives. The stock has witnessed an upward revision in earnings estimate over the past 60 days.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Bank of America, American Express, Pepsi, Eaton and Autodesk
For Immediate Release
Chicago, IL – September 5, 2017 – 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 includeBank of America (NYSE: (BAC - Free Report) – Free Report), American Express (NYSE: (AXP - Free Report) – Free Report),Pepsi (NYSE: (PEP - Free Report) – Free Report), Eaton (NYSE: (ETN - Free Report) – Free Report)and Autodesk (Nasdaq: (ADSK - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday’s Analyst Blog:
Top Research Reports for Tuesday: BAC, AXP & PEP
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 Bank of America (NYSE: (BAC - Free Report) – Free Report), American Express (NYSE: (AXP - Free Report) – Free Report) and Pepsi (NYSE: (PEP - Free Report) – 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 >>>
Bank of America shares have outperformed the Zacks Major Regional Banks industry over the last one year, gaining +50.9% vs. +29.6%. This price performance is backed by impressive earnings surprise history. The company has surpassed expectations for earnings in all the trailing four quarters.
Further, rising interest rates, increase in loan and deposit balances, efforts to streamline and simplify operations, and potential lesser regulations are expected to continue supporting the company's profitability going forward. However, fee income growth concerns remain a key concern. Specifically, fall in mortgage banking income owing to lower volumes and decline in refinancing along with uncertainty related to performance of capital markets are major concerns for the Zacks analyst.
(You can read the full research report on Bank of America here >>>).
Shares of Buy rated Pepsi have modestly lagged the broader market over the last year (+10.1% for PEP vs. +15.7% for the S&P 500), but they outperformed the Zacks Soft Drinks Beverages industry as well as Coke (KO was +8.3%). Despite global macro challenges, Pepsi has been doing well since 2014 on the back of significant innovation, ongoing revenue management strategies, improved productivity and better market execution.
The company has been facing challenges amid the shift in consumers’ preferences. Given this backdrop, it is gradually reshuffling its portfolio toward healthier “Everyday Nutrition Products” in order to adapt to the changing customer needs of healthier lifestyles. However, apart from sluggish CSD volumes, rising volatility in global markets and increasing currency headwinds may limit top line growth.
(You can read the full research report on Pepsi here >>>).
Buy rated American Express shares have gained +34.9% over the last year, higher than the broader finance sector’s gain of +19.1%. The Zacks analyst likes its solid market position, strength in card business and significant opportunities from the secular shift toward electronic payments. Strategic initiatives focusing on the platinum card portfolio and OptBlue program will drive business volume.
Cost reduction and return of significant capital to shareholders through dividend and share buyback are other positives. The stock has witnessed an upward revision in earnings estimate over the past 60 days.
(You can read the full research report on American Express here >>>).
Other noteworthy reports we are featuring today include Eaton (NYSE: (ETN - Free Report) – Free Report) and Autodesk (Nasdaq: (ADSK - Free Report) – Free Report).
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Get the full Report on BAC - FREE
Get the full Report on AXP - FREE
Get the full Report on PEP - FREE
Get the full Report on ETN - FREE
Get the full Report on ADSK - 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/performancefor information about the performance numbers displayed in this press release.