Today's Must Read
AT&T (T) Looks Strong on Fiber Expansion
Wal-Mart (WMT) Driving Sales with Multiple Initiatives
Tuesday, June 28, 2016
Today's must-read reports are for Amazon (AMZN), AT&T (T) and Wal-Mart (WMT).
Amazon shares have lost some of their mojo lately, but this Zack Rank # 2 (Buy) rated stock remains well positioned for continued momentum, as confirmed by the recent positive revisions to EPS estimates. The analyst likes the company's leadership position in the ecommerce space on the back of innovation in delivery and logistics, wider product selection, device strategy, international expansion and the Prime membership program. The comapny has alos emerged as a 'cloud' leader through its Amazon Web Services (AWS) offering. (You can read the full research report on AMZN here.)
Zacks Rank # 2 (Buy) rated AT&T shares should continue their strong recent run on the back of operating mometnum, financial strength and perceived safety. In addition to its strong cellular franchise, the analyst likes the company's position in the U.S. pay-TV market post the DIRECTV purchase. Investments in the Mexican telecom market and fiber arena are other reasons for optimism. (You can read the full research report on T here.)
Analysts are raising their estimates for Wal-Mart on positive momentum in its U.S. comps and traffic, which appear to be benefiting from the company’s efforts to modernize its stores. The company is also making serious investments in its ecommerce platform, which is weighing on near-term profitability but holds a lot of long-term promose. (You can read the full research report on WMT here.)
Other noteworthy reports today include Apple (AAPL), Medtronic (MDT) and Glaxo’s (GSK).
- Brexit May Impact Apple (AAPL)
- Medtronic (MDT) Gains from HeartWare Buy
- Glaxo (GSK) Topline Hit By Generics
You can find all of today's stock research reports here.
Director of Research