For Immediate Release
Chicago, IL – October 6, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Amgen (
AMGN Quick Quote AMGN - Free Report) , Exxon Mobil ( XOM Quick Quote XOM - Free Report) , S&P Global ( SPGI Quick Quote SPGI - Free Report) , HSBC Holdings ( HSBC Quick Quote HSBC - Free Report) and Lululemon Athletica ( LULU Quick Quote LULU - Free Report) . Here are highlights from Monday’s Analyst Blog: Top Stocks Reports for Amgen, Exxon Mobil and S&P Global
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amgen, Exxon Mobil and S&P Global. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see
all of today’s research reports here >>> Amgen shares have outperformed the Zacks Biomedical and Genetics industry in the year to date period (+3.9% vs. -3%). The Zacks analyst believes that while Amgen’s drugs like Prolia, Evenity, Repatha, Aimovig, Otezla and biosimilars are driving sales, increasing competition for its legacy products is hurting the same.
Meanwhile, sales of Amgen’s in-office administration products are being hurt by COVID-19 related business disruption. Nonetheless, Amgen boasts a strong biosimilars portfolio, which can drive long-term growth.
Amgen is also progressing with its pipeline while regularly pursuing “external opportunities” such as the acquisition of Otezla and the stake in China's BeiGene. Amgen also expects several important clinical data readouts from its innovative pipeline in the second half of 2020. However, pricing and competitive pressure are concerns.
) read the full research report on Amgen here >>>
Exxon Mobil have lost -50.8% over the past year against the Zacks Integrated International Oil industry’s fall of -48.7%, reflecting the tough oil price environment. The Zacks analyst believes that major discoveries in the Stabroek Block have enhanced prospects for ExxonMobil's upstream businesses.
ExxonMobil’s bellwether status in the energy space, optimal integrated capital structure that has historically produced industry-leading returns and management’s track record of capex discipline across the commodity price cycle make it a relatively lower-risk energy sector play. Notably, the company estimates gross recoverable resource of more than 8 billion oil-equivalent barrels from offshore Guyana discoveries.
Recently, after getting government approval, ExxonMobil decided to proceed with the Payara field offshore development in Guyana. However, the firm’s recent third-quarter 2020 update hints at a challenging quarter. The company expects weak refining margins to have hurt its downstream business. Moreover, the integrated firm expects the drop in realized gas prices to have affected its upstream operations.
) read the full research report on Exxon Mobil here >>> S&P Global shares have gained +42.9% over the past six months against the Zacks Business Information Services industry’s rise of +9.7%. The Zacks analyst believes that the company is well poised to gain from growing demand for business information services.
Buyouts have helped it innovate, increase differentiated content and develop new products. Effective management execution has helped it generate solid cash flow which is utilized for growth initiatives. Dividend payments and share buybacks boost investors' confidence and positively impact earnings per share.
However, S&P Global remains vulnerable to proceedings, investigations and inquiries with respect to the ratings provided, leading to legal charges, damages or fines. High debt may limit the company's future expansion and worsen its risk profile.
) read the full research report on S&P Global here >>>
Other noteworthy reports we are featuring today include HSBC Holdings and Lululemon Athletica.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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