Today's Must Read
Google (GOOGL) Challenged by Competition & Legal Hassles
Deere (DE) Tops on Q4 Earnings, Long-Term Catalysts Intact
Monday, November 28 2016
Today's Research Daily features new research reports on 16 major stocks, including Bristol-Myers (BMY), Google (GOOGL) and Deere (DE).
Bristol-Myers shares have underperformed the broader market as well as the large cap pharma group this year, though the stock has turned around a bit since the election. Concerns about generic competition for several of its key products, particularly the HCV franchise, remain a major headwind for the stock. These issues notwithstanding, the analyst points out in the updated research reprot issued today Bristol-Myers’ efforts to develop its pipeline and strengthen its product portfolio, primarily through acquisitions and deals. An operating model focused on accelerating pipeline development and streamlining infrastructure bodes well for growth. (You can read the full research report on Bristol-Myers here>>)
Google’s parent Alphabet shares continued to lag the Tech sector as well as the broader market this year, but the company remains well positioned for the long run given its dominant share in a competitive, fast-growing search market. The analyst discusses the pros & cons of investing in Alphabet shares at present in the updated research report issued today. On the positive side, the analyst points out the company's focus on innovation, strategic acquisitions and Android OS should continue to generate strong cash flows. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. Additionally, growing competition and legal hassles could intensify with Brexit. (You can read the full research report on Google here>>)
Buy rated Deere shares have surged 36% over the year, handily beating the broader market as well as the farming machinery industry. The analyst emphasizes that the company has benefited from the proper execution of its operating plans, disciplined cost management as well as its broad product portfolio. It stands firm on its commitment to reduce structural costs through indirect and direct material cost reduction, reduced headcount and other initiatives. Increase in construction spending, improvement in political conditions in Brazil and positive conditions in India is likely to lead to better results. (You can read the full research report on Deere here>>)
Other noteworthy reports we are featuring today include Halliburton (HAL), Allergan (AGN) and American Airlines (AAL).
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