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The Zacks Analyst Blog Highlights: Berkshire Hathaway, JPMorgan, Cisco Systems, Bank of America and PetroChina

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For Immediate Release

Chicago, IL – November 11, 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: Berkshire Hathaway Inc. (BRK.B - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , Cisco Systems, Inc. (CSCO - Free Report) , Bank of America Corporation (BAC - Free Report) and PetroChina Company Limited (PTR - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for Berkshire Hathaway, JPMorgan and Cisco

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 Berkshire Hathaway, JPMorgan Chase and Cisco Systems. 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 >>>

Berkshire Hathaway shares have outperformed the Zacks Insurance - Property and Casualty industry in the year to date period (-2.2% vs. -7.6%). The Zacks analyst believes that continued insurance business growth fuels increase in float, drive earnings and generates maximum return on equity. Also, the non-insurance businesses are delivering improved results with increased revenues over the past few years.

The company is one of the largest property and casualty insurance companies measured by premium volume. Berkshire's inorganic growth story remains impressive with strategic acquisitions. A strong cash position supports earnings-accretive bolt-on buyouts and indicates the company's financial flexibility.

A sturdy capital level provides further impetus. However, exposure to catastrophe loss induces earnings volatility and also affects the property and casualty underwriting results of the company. Huge capital expenditure remains a headwind for the company. 

(You can read the full research report on Berkshire Hathaway here >>>)

Shares of JPMorgan have lost -10% over the past year against the Zacks Major Regional Banks industry’s fall of -23.2%. The Zacks analyst believes that branch openings in new regions, acquisition of InstaMed, strong mortgage banking business and focus on credit card operations are likely to continue supporting the bank's financials.

Further, despite restriction of capital deployments to conserve liquidity, the company’s cash position remains robust. However, the Federal Reserve’s accommodative policy and near-zero rates are expected to hurt the bank’s interest income and margins.

Also, a coronavirus-induced economic downturn is likely to continue hampering business activities. Thus, loan demand will be muted in the near term.

(You can read the full research report on JPMorgan here >>>)

Cisco’s shares have lost -11.8% over the past six months against the Zacks Computer Networking industry’s fall of -11.4%. The Zacks analyst believes that Cisco is poised to gain from robust adoption of identity and access, advanced threat and unified threat management security solutions amid high growth in Internet traffic.

Ongoing momentum in Webex video conferencing and business productivity offerings on account of COVID-19 induced work-from-home demand environment remains noteworthy. Also, strong demand for Catalyst 9000 family of switches holds promise. Moreover, strength across WiFi 6 products in wireless vertical, is a positive.

However, Cisco is bearing the brunt of weakness in the commercial, service provider and enterprise end markets and coronavirus crisis-led supply chain constraints, which is likely to weigh on revenues. Also, weak demand for servers, and sluggish enterprise IT spending, remain concerns.

(You can read the full research report on Cisco here >>>)

Other noteworthy reports we are featuring today include Bank of America and PetroChina Company.

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.