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The Zacks Analyst Blog Highlights: Bank of America, Citigroup, AbbVie, 3M, Starbucks and Halliburton
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For Immediate Release
Chicago, IL – Jan 31, 2018 – 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 Bank of America (BAC - Free Report) , Citigroup (C - Free Report) , AbbVie (ABBV - Free Report) , 3M (MMM - Free Report) , Starbucks (SBUX - Free Report) and Halliburton (HAL - Free Report) .
Top Analyst Reports for Bank of America, Citigroup and AbbVie
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, Citigroup and AbbVie. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Buy-ratedBank of America’s shares have outperformed the Zacks Major Regional Banks industry over the last six months, gaining +33.8% vs. +21.7%. This price performance is backed by impressive earnings surprise history as the company surpassed expectations in each of the trailing four quarters.
The company’s fourth-quarter 2017 earnings benefited from higher interest income and investment banking fees as well as lower operating expenses. Rising interest rates, increase in loan and deposit balances, and efforts to manage expenses are expected to continue supporting profitability.
The Zacks analyst likes the bank’s efforts to streamline and simplify operations, which will support its overall growth. While fall in mortgage banking income due to lower volumes and a decline in refinancing activity along with uncertainty related to performance of capital markets remain major concerns, gains from the new tax act will aid the bank's financial performance..
Shares of Citigroup have underperformed the Zacks Major Banks industry over the last six months, gaining +16.8% vs +21.7%. However, the company boasts an impressive earnings surprise history. It surpassed expectations for earnings in each of the trailing four quarters.
The fourth-quarter 2017 results were supported by prudent expense management and strong consumer banking. However, fixed income trading income slumped. The Zacks analyst likes the company’s restructuring and streamlining efforts, expense management and strategic investments in core business. Along with these factors, lower tax rate will likely support profitability.
Moreover, expansion of wealth management business in Australia will act as a tailwind. Yet, several issues, including litigation burden, are cause for apprehension. Also, in spite of rising rates, margin remains under pressure, due to persistent decline in the company’s legacy holdings portfolio.
Buy-ratedAbbVie’s shares have gained +100.2% over the last one year, outperforming the Zacks Large Cap Pharmaceuticals industry, which has gained +26.6% over the same period. This strong performance was supported by a series of positive developments. These include promising data from several pivotal studies, regulatory nods, including approval for its competitive HCV medicine Mavyret and two approvals for Imbruvica, and settlement of its Humira patent disputes with Amgen.
AbbVie beat estimates for both earnings and sales in the fourth quarter. It also raised its earnings expectations for 2018 based on continued strong operational performance and lower tax rates. AbbVie’s key drug, Humira has been performing well based on strong demand trends, despite new competition.
Moreover, Imbruvica has multibillion dollar potential and AbbVie is exploring the possibility of label expansion into solid tumors and autoimmune diseases. Meanwhile, Mavyret’s launch has been stronger than expected. However, Viekira’s sales continue to be hurt by intensifying competition.
Other noteworthy reports we are featuring today include 3M, Starbucks and Halliburton.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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 >>.
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/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Bank of America, Citigroup, AbbVie, 3M, Starbucks and Halliburton
For Immediate Release
Chicago, IL – Jan 31, 2018 – 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 Bank of America (BAC - Free Report) , Citigroup (C - Free Report) , AbbVie (ABBV - Free Report) , 3M (MMM - Free Report) , Starbucks (SBUX - Free Report) and Halliburton (HAL - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Bank of America, Citigroup and AbbVie
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, Citigroup and AbbVie. 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-ratedBank of America’s shares have outperformed the Zacks Major Regional Banks industry over the last six months, gaining +33.8% vs. +21.7%. This price performance is backed by impressive earnings surprise history as the company surpassed expectations in each of the trailing four quarters.
The company’s fourth-quarter 2017 earnings benefited from higher interest income and investment banking fees as well as lower operating expenses. Rising interest rates, increase in loan and deposit balances, and efforts to manage expenses are expected to continue supporting profitability.
The Zacks analyst likes the bank’s efforts to streamline and simplify operations, which will support its overall growth. While fall in mortgage banking income due to lower volumes and a decline in refinancing activity along with uncertainty related to performance of capital markets remain major concerns, gains from the new tax act will aid the bank's financial performance..
(You can read the full research report on Bank of America here >>>).
Shares of Citigroup have underperformed the Zacks Major Banks industry over the last six months, gaining +16.8% vs +21.7%. However, the company boasts an impressive earnings surprise history. It surpassed expectations for earnings in each of the trailing four quarters.
The fourth-quarter 2017 results were supported by prudent expense management and strong consumer banking. However, fixed income trading income slumped. The Zacks analyst likes the company’s restructuring and streamlining efforts, expense management and strategic investments in core business. Along with these factors, lower tax rate will likely support profitability.
Moreover, expansion of wealth management business in Australia will act as a tailwind. Yet, several issues, including litigation burden, are cause for apprehension. Also, in spite of rising rates, margin remains under pressure, due to persistent decline in the company’s legacy holdings portfolio.
(You can read the full research report on Citigroup here >>>).
Buy-ratedAbbVie’s shares have gained +100.2% over the last one year, outperforming the Zacks Large Cap Pharmaceuticals industry, which has gained +26.6% over the same period. This strong performance was supported by a series of positive developments. These include promising data from several pivotal studies, regulatory nods, including approval for its competitive HCV medicine Mavyret and two approvals for Imbruvica, and settlement of its Humira patent disputes with Amgen.
AbbVie beat estimates for both earnings and sales in the fourth quarter. It also raised its earnings expectations for 2018 based on continued strong operational performance and lower tax rates. AbbVie’s key drug, Humira has been performing well based on strong demand trends, despite new competition.
Moreover, Imbruvica has multibillion dollar potential and AbbVie is exploring the possibility of label expansion into solid tumors and autoimmune diseases. Meanwhile, Mavyret’s launch has been stronger than expected. However, Viekira’s sales continue to be hurt by intensifying competition.
(You can read the full research report on AbbVie here >>>).
Other noteworthy reports we are featuring today include 3M, Starbucks and Halliburton.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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 >>.
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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.