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The Zacks Analyst Blog Highlights: PG, NKE, UPS, ZM and LMT
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For Immediate Release
Chicago, IL – November 2, 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 Procter & Gamble (PG - Free Report) , NIKE (NKE - Free Report) , United Parcel Service (UPS - Free Report) , Zoom Video Communications (ZM - Free Report) and Lockheed Martin (LMT - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Procter & Gamble, Nike and UPS
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 Procter & Gamble, NIKE and United Parcel Service. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Procter & Gamble shares have outperformed the Zacks Soap and Cleaning Materials industry in the year to date period (+9% vs. +8.8%). The Zacks analyst believes that the company’s efforts to make its cleaning and personal care products available during the ongoing coronavirus crisis have helped bolster sales.
Its solid first-quarter fiscal 2021 earnings mark the continuation of its earnings surprise trend. Further, earnings and sales improved year over year in the reported quarter on gains from significant sales increase, related fixed cost leverage and ongoing productivity efforts. Sales were aided by strength across all segments as well as robust shipments, pricing and mix.
Cost savings aided core currency-neutral gross and operating margin, which expanded 170 bps and 350 bps, respectively. Also, it delivered adjusted free cash flow productivity of 95% in the fiscal first quarter. Driven by the robust results, the company raised its outlook for fiscal 2021. However, currency headwinds are likely to affect results in fiscal 2021. Also, stiff competition remains a woe.
Shares of NIKE have gained +33.5% over the past year against the Zacks Shoes and Retail Apparel industry’s rise of +31.9%. The Zacks analyst believes that even as stores reopen, NIKE witnesses strong digital trends, which demonstrates the strength of its brands and investments made over the past several years to improve digital consumer experiences.
Digital sales for the NIKE brand in first-quarter fiscal 2021 exhibited double-digit growth across North America, Greater China, and APLA, along with triple-digit growth in EMEA. Moreover, decline in SG&A expenses on lower overhead costs and demand creation expenses aided earnings.
Further, the company expects robust top line growth in fiscal 2021 owing to anticipated gains in the second half. However, soft traffic at retail stores and lower revenues at Wholesale business remain headwinds. Moreover, higher promotions and supply-chain costs hurt gross margin in the quarter.
UPS shares have gained +71.2% over the past six months against the Zacks Transportation - Air Freight and Cargo industry’s rise of +102.1%. The Zacks analyst believes that UPS is benefiting from a significant increase in home deliveries amid the prevalent coronavirus pandemic.
Notably, the need for door-to-door delivery of essentials during this crisis is rising. Owing to the surge in residential delivery volumes and strong outbound demand from Asia, UPS performed very well in third-quarter 2020.
Moreover, the optimism surrounding the stock is evident from the Zacks Consensus Estimate for current-year earnings being revised upward in the past 60 days. However, the third-quarter decline in adjusted operating profit at the U.S. Domestic Package segment is a concern.
Other noteworthy reports we are featuring today include Zoom Video Communications and Lockheed Martin.
Have You Seen Zacks’ 2020 Election Stock Report?
The upcoming election could be a massive buying opportunity for savvy investors. Trillions of dollars will shift into new market sectors after the election. The question is, which sectors will soar for each candidate? Zacks has put together a new special report to help readers like you target big profits.
The 2020 Election Stock Report reveals specific stocks you’ll want to own immediately after the results are announced – 6 if Trump wins, 6 if Biden wins. Past election reports have led investors to gains of +71%, +83%, even +185% in the following months. This year’s picks could be even more lucrative.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: PG, NKE, UPS, ZM and LMT
For Immediate Release
Chicago, IL – November 2, 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 Procter & Gamble (PG - Free Report) , NIKE (NKE - Free Report) , United Parcel Service (UPS - Free Report) , Zoom Video Communications (ZM - Free Report) and Lockheed Martin (LMT - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Procter & Gamble, Nike and UPS
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 Procter & Gamble, NIKE and United Parcel Service. 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 >>>
Procter & Gamble shares have outperformed the Zacks Soap and Cleaning Materials industry in the year to date period (+9% vs. +8.8%). The Zacks analyst believes that the company’s efforts to make its cleaning and personal care products available during the ongoing coronavirus crisis have helped bolster sales.
Its solid first-quarter fiscal 2021 earnings mark the continuation of its earnings surprise trend. Further, earnings and sales improved year over year in the reported quarter on gains from significant sales increase, related fixed cost leverage and ongoing productivity efforts. Sales were aided by strength across all segments as well as robust shipments, pricing and mix.
Cost savings aided core currency-neutral gross and operating margin, which expanded 170 bps and 350 bps, respectively. Also, it delivered adjusted free cash flow productivity of 95% in the fiscal first quarter. Driven by the robust results, the company raised its outlook for fiscal 2021. However, currency headwinds are likely to affect results in fiscal 2021. Also, stiff competition remains a woe.
(You can read the full research report on Procter & Gamble here >>>)
Shares of NIKE have gained +33.5% over the past year against the Zacks Shoes and Retail Apparel industry’s rise of +31.9%. The Zacks analyst believes that even as stores reopen, NIKE witnesses strong digital trends, which demonstrates the strength of its brands and investments made over the past several years to improve digital consumer experiences.
Digital sales for the NIKE brand in first-quarter fiscal 2021 exhibited double-digit growth across North America, Greater China, and APLA, along with triple-digit growth in EMEA. Moreover, decline in SG&A expenses on lower overhead costs and demand creation expenses aided earnings.
Further, the company expects robust top line growth in fiscal 2021 owing to anticipated gains in the second half. However, soft traffic at retail stores and lower revenues at Wholesale business remain headwinds. Moreover, higher promotions and supply-chain costs hurt gross margin in the quarter.
(You can read the full research report on NIKE here >>>)
UPS shares have gained +71.2% over the past six months against the Zacks Transportation - Air Freight and Cargo industry’s rise of +102.1%. The Zacks analyst believes that UPS is benefiting from a significant increase in home deliveries amid the prevalent coronavirus pandemic.
Notably, the need for door-to-door delivery of essentials during this crisis is rising. Owing to the surge in residential delivery volumes and strong outbound demand from Asia, UPS performed very well in third-quarter 2020.
Moreover, the optimism surrounding the stock is evident from the Zacks Consensus Estimate for current-year earnings being revised upward in the past 60 days. However, the third-quarter decline in adjusted operating profit at the U.S. Domestic Package segment is a concern.
(You can read the full research report on UPS here >>>)
Other noteworthy reports we are featuring today include Zoom Video Communications and Lockheed Martin.
Have You Seen Zacks’ 2020 Election Stock Report?
The upcoming election could be a massive buying opportunity for savvy investors. Trillions of dollars will shift into new market sectors after the election. The question is, which sectors will soar for each candidate? Zacks has put together a new special report to help readers like you target big profits.
The 2020 Election Stock Report reveals specific stocks you’ll want to own immediately after the results are announced – 6 if Trump wins, 6 if Biden wins. Past election reports have led investors to gains of +71%, +83%, even +185% in the following months. This year’s picks could be even more lucrative.
Check out Zacks’ 2020 Election Stock Report >>
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.