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Top Research Reports for Facebook, JNJ, & Wells Fargo

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Friday, November 4, 2016

Today's Research Daily features new research reports on 17 major stocks, including Johnson & Johnson (JNJ - Free Report) , Wells Fargo (WFC - Free Report) , Facebook and Qualcomm (QCOM - Free Report) .

Johnson & Johnson shares have bucked the broader healthcare slump this year and are up almost 12% year-to-date. While the company is faced with a number of headwinds like unfavorable currency movements, increased competition from generics, pricing pressures and an uncertain global macroeconomic backdrop, the analyst believes that JNJ's diversified business model, deep product pipeline, lack of cyclicality and financial strength position it for continued momentum going forward. We saw this in the company's Q3 earnings report when it beat on the top- and bottom-lines and provided favorable outlook. The analyst expects these trends to continue in the coming periods as well. (You can read the full research report on Johnson & Johnson here>>)

Wells Fargo has long maintained a reputation for disciplined and reliable operations and an attractive retail banking franchise. Recent quarterly results showing strong growth in loans and deposits reconfirm the bank's inherent strengths, but they have been totally offset lately by the sales practices controversy that has already cost the well regarded CEO his position. The new management team is making all the right moves and further downside risks in the stock may be low at this stage (the stock is already down  more than -16% year to date vs. a roughly 2% decline for the peer banks), but it will likely take a while for clouds to fully lifted. (You can read the full research report on Wells Fargo here>>)

Facebook shares have lagged following the company's quarterly report when it came out with blowout numbers for the September period, but appeared cautious on future growth prospects. These near-term challenges notwithstanding, Facebook's status as a Technology powerhouse with an enviable future earnings potential remains unchanged. Driving this is the company’s huge user and advertiser base, higher engagement levels along with monetization opportunities presented by the  Instagram, Oculus, Messenger and WhatsApp properties. (You can read the full research report on Facebook here>>)

Qualcomm shares have surged nearly 34% year-to-date. Qualcomm, which reported strong fourth quarter fiscal 2016 results, has entered into an agreement to buy Netherlands-based chipset giant NXP Semiconductors. The analyst likes this deal since the combined entity is likely to generate annual revenues of over $30 billion position itself as a strong player in the next-generation mobile chipset segment. However, regulatory proceedings against Qualcomm are a major headwind. (You can read the full research report on Qualcomm here>>)

Other noteworthy reports we are featuring today include Charter Communications (CHTR - Free Report) , State Street Corp (STT - Free Report) and Molson Coors (TAP - Free Report) .

Free Access: All Zacks Research Reports
Starting today, you are invited to download in-depth analysis reports covering more than 1,000 of the most widely followed stocks. Valued at $25 each, they are yours to consult over the next 30 days absolutely free. They feature sensitive Zacks Rank information on each stock that you won't find anywhere else. See the reports free >>

Sheraz Mian

Director of Research

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