Today's Must Read
SONY (SONY) Gains From Strength in Game & Network Services
The Estee Lauder Companies (EL) Gains on Skincare Strength
Wednesday, January 12, 2022
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 Exxon Mobil Corporation (XOM), Sony Group Corporation (SONY), and The Estee Lauder Companies Inc. (EL). 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 >>>
Shares of Exxon Mobil have outperformed the Zacks Integrated International Oil industry over the past year (+56.5% vs. +40.2%). The Zacks analyst believes that major discoveries in the Stabroek Block have enhanced prospects for ExxonMobil's upstream businesses. Exxon recently made two new oil discoveries in the Stabroek Block, which will add to its 10 billion oil-equivalent barrels of recoverable resources from the block.
XOM already has a strong presence in the prolific Permian Basin, where it continues to lower its fracking & drilling costs. Exxon Mobil increased its fourth-quarter 2021 dividend to 88 cents per share. In order to capitalize on mounting demand for clean energy, XOM is making efforts to create more efficient fuels while reducing emissions.
Sony shares have gained +15.4% over the past three months against the Zacks Audio Video Production industry’s gain of +14%. The Zacks analyst believes that Sony has been benefiting from an increase in Game & Network Services, Pictures, Music and Electronics Products & Solutions segments sales.
Sony’s long-term vision is to achieve a ‘zero environmental footprint’ by 2050 for the entire life cycle of its products. It has incorporated several changes to the Group’s organizational structure in a bid to boost individual businesses as well as to leverage the diversity of its business portfolio. Escalating cost of goods sold and fluctuations in foreign currency exchange rates, however, remain as major concerns for Sony.
Shares of Estee Lauder have gained +6.6% in the last six months against the Zacks Cosmetics industry’s loss of -19%. The Zacks analyst believes that Estee Lauder has been benefiting from the momentum in its Skin Care business. A robust online presence is another major catalyst for Estee Lauder’s growth.
EL saw net sales growth in every region and product category in first-quarter fiscal 2022. Estee Lauder is also undertaking cost-control measures. The company, however, experienced intermittent shutdowns in certain markets during the first quarter, due to a spike in COVID cases. International travel restrictions have also been affecting consumer traffic in certain locations.
Other noteworthy reports we are featuring today include Cigna Corporation (CI), Vale S.A. (VALE) and Block, Inc. (SQ).
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>>>