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Research Daily

Wednesday, November 9 2016

Today's Research Daily features new research reports on 16 major stocks, including Chevron (CVX), Glaxo (GSK) and Aflac (AFL).

Chevron’s shares have gained more than 19% year-to-date. The analyst emphasizes that the company’s current oil and gas development project pipeline is among the best in the industry, boasting large, multi-year projects. Also, Chevron has been able to boost returns and remain competitive by embarking on aggressive cost reduction initiatives, exiting unprofitable markets and streamlining the organization.

Owing to these positives, the company has been able to report better-than-expected earnings in the third quarter. However, due to commodity price rout, Chevron’s upstream division has been able to extract less value for their products. (You can read the full research report on Chevron here.)

Glaxo’s shares have struggled recently. Glaxo’s third-quarter 2016 results were impressive with the company beating estimates on all fronts. The analyst likes Glaxo’s diversified base and presence in different geographical areas as well as its efforts to develop its pipeline.

The performance of new products as well as those acquired from Novartis is also encouraging. These should help support revenues and ease the impact of the loss of Advair sales. However, challenges remain in the form of increasing competition, genericization and pricing pressure, which will continue to impact the company’s performance. (You can read the full research report on Glaxo here.)

Aflac’s shares have increased by more than 8% year-to-date. Aflac’s third quarter earnings exceeded expectations and grew year over year. The analyst likes the way in which company is trying to differentiate itself from its rivals by paying claims in one day through a program named “One Day Pay.” Aflac’s strong capital position enables it to buy back shares and increase dividend payouts at regular intervals.

Efforts to increase agent productivity also will drive long-term growth. However, Aflac’s top line remains exposed to a challenging operating environment, primarily in Japan. (You can read the full research report on Aflac here.)

Other noteworthy reports we are featuring today include Analog Devices (ADI), Novo Nordisk (NVO) and MGM Resorts (MGM).

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