Today's Must Read
Focus on E-cigs Boosts Altria (MO)
Qualcomm (QCOM) Strong on IoT, Mobile Computing
Monday, July 11, 2016
We are featuring 16 research reports from our analyst team in today's Zacks Research Daily, including reports on Gilead (GILD), Altria (MO), Qualcomm (QCOM) and Pfizer (PFE).
Gilead shares have turned around a bit in recent days, but still still lag the broader market in the year-to-date period on continued negative sentiment on the biotech space as a whole. These clouds notwithstanding, the covering analyst likes this Zacks Rank # 2 (Buy) rated stock for its strong HIV and HCV portfolio and robust product pipeline, which could get further boost from deals that the company has plenty of financial firepower to execute. (You can read the full research report on GLD here.)
Zacks Rank # 2 (Buy) rated Altria shares are up an impressive +19% year-to-date, likely reflecting the low-beta tobacco giant's stable business outlook and attractive dividend (currently yielding a juicy 3.2%). The analyst likes the company's strong portfolio of tobacco and wine products and its ability to adapt to evolving demands, such as developing several non combustible tobacco products. (You can read the full research report on MO here.)
The analyst likes the buy-rated Qualcomm stock for its leadership position in the global wireless baseband chipset market and its growing presence in related opportunities such as mobile computing and IoT. The company's new patent license agreements with Chinese smartphone makers should boost Qualcomm’s top line and also solidify its footing in the Chinese market (You can read the full research report on QCOM here.)
Other noteworthy reports we are featuring today include Procter & Gamble (PG), Novartis (NVS) and Southern Company (SO).
- Southern Co (SO) Buys Stake in SNG Pipeline Systems
- Pfizer (PFE) Strong on Cost Savings, Hospira Buy
- Novartis (NVS) Raised to Zacks Rank # 2 (Buy)
- Procter & Gamble (PG) Down to Zacks Rank # 4 (Sell)
You can find all of today's stock research reports here.
Director of Research
Note: Sheraz Mian regularly provides earnings analysis on Zacks.com and appears frequently in the print and electronic media. His weekly earnings related articles include Earnings Trends and Earnings Preview. He also provides weekly commentary to Zacks Premium subscribers and manages the Zacks Focus List and Top 10 portfolios. If you want an email notification each time Sheraz publishes a new article, please click here.