Back to top

Research Daily

Thursday, December 1 2016

Today's Research Daily features new research reports on 16 major stocks, including Broadcom (AVGO), PNC Financial Services (PNC) and ConocoPhillips (COP).

Buy rated Broadcom shares have handily beaten the technology sector as well as the broader market in the year-to-date period, but lag the red-hot semiconductor space. The analyst likes the synergistic benefits gained from the merger with Avago, which will drive future profitability. In addition, the company maintains an efficient global supply chain with a variable, low-cost operating model that enables it to maintain sustainable revenue growth and expand margins. Broadcom is expected to benefit from rapid increases in data center IP and mobile data traffic to emerge as the undisputed leader in the enterprise storage market. The stock currently carries Zacks Rank # 2 (Buy), with a VGM Score of 'B'. (You can read the full research report on Broadcom here>>)

PNC Financial Services shares lagged the S&P 500 index through last month's election, but have turned around in a notable way since November 8th, as have other bank stocks. The stock is up more than 14% since the election, outperforming both the Finance sector as well as the broader market. Driving the stock is the recent upturn in long-term interest rates and expectations of regulatory overhaul. While these favorable macro developments are helpful to all banks, the analyst likes PNC for its cost saving initiatives and consistent growth in loans and deposits and fee income. (You can read the full research report on PNC Financial Services here>>)

ConocoPhillips shares have surpassed those of major U.S. oil and gas integrated companies over the past one year, gaining nearly 4%. The analyst stresses that ConocoPhillips is touted to be the largest exploration and production player in the world, based on proved reserves and production. OPEC's recent decision to cut production for the first time since 2008 is likely to assist the global oil prices to stabilize and further improve ConocoPhillips stock price. Multinational oil enterprises (like COP), on the back of greater certainty, will now be able revive spending on drilling activities. Improvement on the cost front is another positive. However, until the uncertainty and volatility in oil prices subside, there is limited upside from current levels. (You can read the full research report on ConocoPhillips here>>)

Other noteworthy reports we are featuring today include Zoetis (ZTS), General Dynamics (GD) and Sinopec (SNP).

Today's Long-Term Buys & Sells
Today you can gain access to the best long-term trades unearthed by Zacks Research. These moves have double and triple-digit profit potential and are rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this private information? Click here >>

Sheraz Mian

Director of Research

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

Featured Reports

New Upgrades

New Downgrades