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Research Daily

Thursday, November 3, 2016

Today's Research Daily features new research reports on 16 major stocks, including JPMorgan (JPM), Automatic Data Processing (ADP), and Hershey (HSY). You can see the complete list of research reports issued by our analyst team today here >>>

JPMorgan shares have stood out from the peer group in the year-to-date period, with the strong Q3 results adding to the stock's momentum. The Q3 outperformance reflected improved trading revenues, higher mortgage banking fees, growth in investment banking income and a rise in net interest income. The analyst likes JPMorgan’s solid loan growth, synergies from retail banking performance and cost-containment efforts to help offset the continued drag from the Fed-inspired low interest rate environment. Also, the energy sector headwind seems to be easing with a rebound in oil prices. (You can read the full research report on JPMorgan here>>)

Automatic Data Processing shares have jumped following the company's better-than-expected results, with the stock now up more than 6% year-to-date. The analyst emphasizes that it holds a dominant position in the payroll processing and human capital management market, primarily due to its robust product portfolio. The company has been benefiting from the surge in demand for its offerings because of the Affordable Care Act mandate. This apart, its higher revenue per client and lower cost of operations place it in an advantageous position. Its stable business, solid free cash flow and high dividend rate also make it lucrative to investors. (You can read the full research report on Automatic Data Processing here>>)

The outlook for buy-rated Hershey has improved following the quarterly report  and raised guidance. The analyst stresses that sales were up 2%, marking the second straight quarter of increases after four quarters with no growth. Its North America category improved while the International segment saw profits for the first time since fourth-quarter 2014. Although China and India remain a drag, momentum in Brazil and Mexico raises hope. (You can read the full research report on Hershey here>>)

Other noteworthy reports we are featuring today include Hasbro (HAS), Blackstone (BX) and Eni SpA (E).

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Sheraz Mian

Director of Research

Note: If you want an email notification each time Sheraz publishes a new article, please click here>>>                            

Featured Reports

Eni SpA (E) Reports Wider-than-Expected Loss in Q3

The covering analyst believes that weak oil and gas prices led to Eni's wider-than-expected quarterly loss. Nonetheless, the company expects 2016 output to remain flat with 2015 due to field startups.

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