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The Zacks Analyst Blog Highlights Salesforce, UPS, Devon Energy, The Travelers Companies and Albemarle
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For Immediate Release
Chicago, IL – October 25, 2022 – 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: Salesforce, Inc. (CRM - Free Report) , UPS (UPS - Free Report) , Devon Energy Corp. (DVN - Free Report) , The Travelers Companies, Inc. (TRV - Free Report) and Albemarle Corp. (ALB - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for Salesforce, UPS, Devon Energy and Others
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 Salesforce, Inc., UPS and Devon Energy Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Salesforce shares have underperformed the Zacks Computer - Software industry over the past year (-45.5% vs. -28.2%). This reflects fears in the market about enterprise spending slowdown in response to the uncertain macroeconomic backdrop. Other headwinds include stiff competition, unfavorable currency fluctuations along with increasing investments in international expansions and data centers.
However, Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line. Continued deal wins in the international market is another growth driver.
The acquisition of Slack would position the company to be a leader in the enterprise team collaboration solution space and better compete with Microsoft's Teams product. The Zacks analyst expects CRM revenues to grow at a CAGR of 15.7% through fiscal 2023-2025.
UPS shares have held up notably better than rival FedEx over the past year (down -17.5% vs. down -34.3%) and the broader market (the S&P 500 index is down -18.8% over the past year).
The Zacks analyst points out that operating expenses will continue to remain a near-term headwind for UPS and we will see that in Tuesday's Q3 quarterly release. But what sets UPS apart from FedEx and others is a track record of operating excellence and ability to generate strong cash flows. The ability to pass on higher costs to customers through increased shipping rates should help profitability to some extent. Longer term, UPS remains well positioned to capitalize on the favorable outlook for ecommerce growth.
In first-half 2022, UPS generated free cash flows of $6,895 million compared with $6,804 million in first-half 2021. UPS paid out dividends worth $3,437 million in 2021, up 1.9% year over year. UPS aims to reward its shareholders with $8.2 billion in 2022, through dividends ($5.2 billion) and share buybacks ($3 billion).
Devon Energy's shares have outperformed the Zacks Oil and Gas - Exploration and Production - United States industry over the past year (+82.7% vs. +36.4%). The company is gaining from strong production from its high-quality domestic assets and recovery in commodity prices. WPX Energy and RimRock acquisitions expanded Devon Energy's presence in the Delaware and Williston Basins, respectively.
The divestiture of the Canadian and Barnett Shale gas assets will allow DVN Energy to focus on the oil-rich U.S. assets. Devon Energy's stable free cash flow allows it to buy back shares and distribute dividends. Devon Energy has ample liquidity to meet near-term debt obligations.
However, Devon Energy operates in a competitive industry, wherein a few operators are in a secure position due to stronger financial capabilities. Limited control over some joint venture properties and regulations is a headwind
Other noteworthy reports we are featuring today include The Travelers Companies, Inc. and Albemarle Corp..
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
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.
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The Zacks Analyst Blog Highlights Salesforce, UPS, Devon Energy, The Travelers Companies and Albemarle
For Immediate Release
Chicago, IL – October 25, 2022 – 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: Salesforce, Inc. (CRM - Free Report) , UPS (UPS - Free Report) , Devon Energy Corp. (DVN - Free Report) , The Travelers Companies, Inc. (TRV - Free Report) and Albemarle Corp. (ALB - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for Salesforce, UPS, Devon Energy and Others
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 Salesforce, Inc., UPS and Devon Energy Corp. 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 >>>
Salesforce shares have underperformed the Zacks Computer - Software industry over the past year (-45.5% vs. -28.2%). This reflects fears in the market about enterprise spending slowdown in response to the uncertain macroeconomic backdrop. Other headwinds include stiff competition, unfavorable currency fluctuations along with increasing investments in international expansions and data centers.
However, Salesforce is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line. Continued deal wins in the international market is another growth driver.
The acquisition of Slack would position the company to be a leader in the enterprise team collaboration solution space and better compete with Microsoft's Teams product. The Zacks analyst expects CRM revenues to grow at a CAGR of 15.7% through fiscal 2023-2025.
(You can read the full research report on Salesforce here >>>)
UPS shares have held up notably better than rival FedEx over the past year (down -17.5% vs. down -34.3%) and the broader market (the S&P 500 index is down -18.8% over the past year).
The Zacks analyst points out that operating expenses will continue to remain a near-term headwind for UPS and we will see that in Tuesday's Q3 quarterly release. But what sets UPS apart from FedEx and others is a track record of operating excellence and ability to generate strong cash flows. The ability to pass on higher costs to customers through increased shipping rates should help profitability to some extent. Longer term, UPS remains well positioned to capitalize on the favorable outlook for ecommerce growth.
In first-half 2022, UPS generated free cash flows of $6,895 million compared with $6,804 million in first-half 2021. UPS paid out dividends worth $3,437 million in 2021, up 1.9% year over year. UPS aims to reward its shareholders with $8.2 billion in 2022, through dividends ($5.2 billion) and share buybacks ($3 billion).
(You can read the full research report on United Parcel here >>>)
Devon Energy's shares have outperformed the Zacks Oil and Gas - Exploration and Production - United States industry over the past year (+82.7% vs. +36.4%). The company is gaining from strong production from its high-quality domestic assets and recovery in commodity prices. WPX Energy and RimRock acquisitions expanded Devon Energy's presence in the Delaware and Williston Basins, respectively.
The divestiture of the Canadian and Barnett Shale gas assets will allow DVN Energy to focus on the oil-rich U.S. assets. Devon Energy's stable free cash flow allows it to buy back shares and distribute dividends. Devon Energy has ample liquidity to meet near-term debt obligations.
However, Devon Energy operates in a competitive industry, wherein a few operators are in a secure position due to stronger financial capabilities. Limited control over some joint venture properties and regulations is a headwind
(You can read the full research report on Devon Energy here >>>)
Other noteworthy reports we are featuring today include The Travelers Companies, Inc. and Albemarle Corp..
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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.