Back to top

Image: Bigstock

The Zacks Analyst Blog Highlights Bank of America, Qualcomm ConocoPhillips, Target and Caterpillar

Read MoreHide Full Article

For Immediate Release

Chicago, IL – March 11, 2022 – 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: Bank of America Corp. (BAC - Free Report) , Qualcomm Inc. (QCOM - Free Report) and ConocoPhillips (COP - Free Report) , Target Corp. (TGT - Free Report) and Caterpillar Inc. (CAT - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

Top Stock Reports for Bank of America, Qualcomm and ConocoPhillips

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 Bank of America Corp, Qualcomm Inc., ConocoPhillips. 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 >>>

Shares of Bank of America have outperformed the Zacks Banks - Major Regional industry over the past year (+9.8% vs. -0.2%). Bank of America’s earnings have outpaced the Zacks Consensus Estimate in each of the trailing four quarters. Its fourth-quarter 2021 results reflect the impacts of rising loan demand, robust investment banking (IB) performance and lower rates.

The Zacks analyst believes that opening new financial centers, enhancing digital capabilities and initiatives to manage expenses, along with a strong balance sheet and liquidity position, rise in loan demand and solid IB pipeline, will aid the company’s revenues.

The company will keep enhancing shareholder value through impressive capital deployment activities. However, the low-interest-rate environment is expected to keep hurting the company's margins and net interest income in the near term. Normalization of the trading business is likely to hamper fee income growth to some extent.

(You can read the full research report on Bank of America here >>>)

Shares of Qualcomm have outperformed the Zacks Wireless Equipment industry over the past year (+22.9% vs. -0.2%). Qualcomm reported solid first-quarter fiscal 2022 results with record non-GAAP earnings and revenues, driven by the ramp-up in 5G-enabled chips and a surge in demand for essential products and services that are the building blocks for digital transformation in the cloud economy. Both the bottom line and the top line increased year over year and surpassed the respective Zacks Consensus Estimate backed by the strength of the business model and revenue diversification.

The Zacks analyst believes that Qualcomm is witnessing healthy traction in EDGE networking that helps to transform connectivity in cars, business enterprises, homes, smart factories, next-generation PCs, wearables and tablets as it continues to diversify. However, high research and development costs are likely to dent margins, while global chip shortage due to supply-chain disruptions is a major headwind.

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

ConocoPhillips shares have gained +61.9% over the past year against the Zacks Oil and Gas - Integrated - U.S. industry’s gain of +70.9%. The Zacks analyst believes that significant opportunities are there for the firm in Eagle Ford, where it owns about 1,600 undrilled locations that could provide access to huge reserves.

With the acquisition of Shell Enterprises’ Delaware basin position, ConocoPhillips has strengthened its position in the Permian. With the $9.5 billion in a cash transaction, COP has acquired roughly 225,000 net acres and producing properties in Texas.

In 2022, the company expects its production at roughly 1.8 MMBoE/D, suggesting an improvement from 1.5 MMBoE/D last year. Also, ConocoPhillips revised higher its expected 2022 return of capital to shareholders. The new guidance is at $8 billion.

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

Other noteworthy reports we are featuring today include Target Corp. and Caterpillar Inc.

Just Released: Zacks' 7 Best Stocks for Today

Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that have beaten the market more than 2X over with a stunning average gain of +25.4% per year.

These 7 were selected because of their superior potential for immediate breakout. 

See these time-sensitive tickers now >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339                                                                                 

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 for information about the performance numbers displayed in this press release.