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The Zacks Analyst Blog Highlights: Apple, JPMorgan, Union Pacific, Pfizer and Lockheed Martin

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For Immediate Release

Chicago, IL – December 24, 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 Apple (AAPL - Free Report) , JPMorgan Chase (JPM - Free Report) , Union Pacific (UNP - Free Report) , Pfizer (PFE - Free Report) and Lockheed Martin (LMT - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:

Top Stock Reports for Apple, JPMorgan and Union Pacific

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 Apple, JPMorgan Chase and Union Pacific. 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 >>>

Apple shares have outperformed the broader market in the year-to-date period (+79.6% vs. +16.3%). The Zacks analyst believes that the company is benefiting from continued momentum in the Services segment, driven by a robust performance of App Store, Apple Music, video and cloud services.

Moreover, demand remains healthy for other Apple devices including iPad, Mac and Wearables. Although Apple didn’t provide any guidance due to uncertainties triggered by the coronavirus pandemic, it expects iPhone sales to grow in the first quarter of fiscal 2021.

Apple’s near-term prospects are bright, driven by new iPhones that support 5G, revamped iPad and Mac line-up of devices, health-focused Apple Watch 6 and robust growth in the Services business. Moreover, a solid balance sheet and strong cash flow generating ability are key catalysts. However, increasing scrutiny and legal woes over App Store are headwinds. 

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

Shares of JPMorgan have lost -11.6% over the past year against the Zacks Major Regional Banks industry’s loss of -21.1%. 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 with an 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.

Additionally, 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 >>>)

Union Pacific’s shares have gained +21.7% over the past six months against the Zacks Rail industry’s rise of +28.4%. The Zacks analyst is pleased by the company's efforts toward promoting safety and enhancing productivity.

Echoing the last few quarters' performance, Union Pacific’s fourth-quarter 2020 results are expected to be hurt by dwindling freight revenues due to coronavirus-induced depressed volumes. Deterioration in the debt-to-EBITDA ratio is an added woe.

However, efforts to control costs, courtesy of the precision scheduled railroading model, are a positive, particularly, in the wake of revenue concerns. Mainly owing to cost-cutting efforts, the operating ratio (operating expenses as a % of total revenues) is predicted to improve.

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

Other noteworthy reports we are featuring today include Pfizer and Lockheed Martin.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.

Click here for the 6 trades >>

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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.

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