Today's Must Read
Facebook's (FB) Mobile, Live video Efforts Are Big Positives
ConocoPhillips (COP) Raises $1.3B Through Asset Sale in 2016
Wednesday, January 11 2017
Today's Research Daily features new research reports on 16 major stocks, including Bank of America (BAC), Facebook (FB) and ConocoPhillips (COP).
Bank of America shares have been one of the biggest beneficiaries of the changed macro backdrop following the election, which includes expectations of faster economic growth and overhaul of the country's tax and regulatory systems. The resulting uptrend in interest rates promises to give bank stocks in general and Bank of America in particular a big boost. No doubt, Bank of America shares have been strong performers since the election - up +34.9% since November 8th vs. +21.8% gain for the Zacks Major Banks industry in that time period, but the analyst still sees plenty of upside in this Buy-rated stock. (You can read the full research report on Bank of America here>>>)
Facebook shares haven't done much since the November election, but the stock handily outperformed the Tech sector as well as the broader market last year. The company reports on February 1st, with estimates steadily going up; the stock is currently rated Strong Buy reflecting the company'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 >>>)
ConocoPhillips shares have increased nearly in line with major U.S. oil and gas integrated companies over the past one year, gaining +23.4%. The analyst stresses that Buy rated ConocoPhillips is touted to be the largest exploration and production player in the world, based on proved reserves and production. OPEC's recent decision to cut production for the first time since 2008 is likely to assist the global oil prices to stabilize and further improve ConocoPhillips stock price. Multinational oil enterprises (like COP), on the back of greater certainty, will now be able revive spending on drilling activities. Improvement on the cost front is another positive. During 2016, ConocoPhillips generated as much as $1.3 billion from its asset divestment program. (You can read the full research report on ConocoPhillips here>>>)
Other noteworthy reports we are featuring today include Apple (AAPL), Abbott (ABT) and Dow Chemical (DOW).
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Director of Research
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here >>>