Today's Must Read
Public Storage's (PSA) Q2 Results Disappoint, Faces Rising Supply
Wholesale Unit Helps Southern Company (SO) Beat Q2 Earnings
Thursday, August 11, 2016
Today's must-read reports are for Priceline (PCLN), Time Warner (TWX), Public Storage (PSA) and Southern Company (SO).
Buy-rated Priceline's strong quarterly report has helped sustain the stock's positive momentum, which reflect the online travel vendor's impressive execution and strong growth in an otherwise tough macro environment. With almost 80% of its bookings coming from international markets, Priceline's guidance shows none of the issues that we saw with peers Expedia and tripAdvisor. (You can read the full research report on PCLN here>>)
Time Warner shares have outperformed the large media space lately, a reflection of the company's leading content creation track record in films, TV and cable. The analyst likes the company’s Technology investments, of which the recent Hulu investment is just one part. The analyst likes these investments, including the HBO Now service, position Time Warner to profitably grow and operate in the shifting media landscape. (You can read the full research report on TWX here>>)
Estimates for Public Storage have come down following the storage REIT's weak June quarter results, with many in the market legitimately concerned about growing resort to promotions to drive occupancy. The stock has understandably suffered as a result, but our analyst likes REIT’s high brand value, strategic acquisitions and robust presence in key cities amid still reasonably healthy demand in the space. (You can read the full research report on PSA here>>)
Southern Company was mentioned in connection with the Delta Air Lines flight disruption issue, but the issue appears to have a Delta origin. Southern is a standout operator, with a good rate base growth and constructive regulation that are expected to continue drving the utility's earnings and dividend growth in the coming years through its long term power contracts. The stock is up almost 13% year to date and the momentum should continue going forward as well. (You can read the full research report on SO here>>)
You can find all of today's stock research reports here >>>
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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.
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