Today's Must Read
Movie Business to Drive Disney's (DIS) Growth
Central Garden (CENT) Upgraded to Strong Buy
Today's must-read reports are for Oracle (ORCL), Disney (DIS) , and Central Garden & Pet Company (CENT).
The market's positive reaction to Oracle's mixed earnings report after the close on Thursday - they missed the Zacks Consensus EPS estimate, but came out ahead on revenues - is kind of a sigh of relief; it could have been worse. That said, the company offered reassuring guidance and appears to be making steady progress in its cloud transition. The Zacks analyst discusses the pros and cons of the Oracle story in the research report linked nearby.
Disney's big Shanghai inauguration was partly overshadowed by the sad headlines out of Florida where a two-year boy fell victim to an alligator at the company's resort. But the company has high hopes from its new Chinese theme park, which allows it to market its offerings to that country's growing middle class. In the research report, linked nearby, the Zacks analyst discusses the growth promise of Disney's movie business and investors' ESPN concerns.
The Central Garden report, linked near-by in the 'must-read reports section, has been isued to reflect the rating upgrade to Zacks Rank # 1 (Strong Buy). The upgrade reflects the company's positive earnings momentum following its quarterly results, with estimates for this year and next steadily going up.
Other noteworthy reports today include Twitter (TWTR), Monsanto (MON), and Dow Chemical (DOW) . You can access all of today's research reports issued by the Zacks analyst team here