We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights The Home Depot, Diageo, Enbridge, eBay, and Laboratory Corporation of America
Read MoreHide Full Article
For Immediate Release
Chicago, IL – December 9, 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: The Home Depot, Inc. (HD - Free Report) , Diageo plc (DEO - Free Report) , Enbridge Inc. (ENB - Free Report) , eBay Inc. (EBAY - Free Report) , and Laboratory Corp. of America Holdings (LH - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Home Depot, Diageo and Enbridge
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 The Home Depot, Inc., Diageo plc and Enbridge Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Home Depot have modestly lagged rival Lowe's (LOW) and the broader market this year (-22.9% vs. -20% for LOW and -18.7% for the S&P 500 index). The company reported soft gross margin in the fiscal third quarter driven by higher supply chain investments. Higher inventory levels and interest expense also remain concerning.
However, Home Depot reported its 10th straight quarter of earnings and sales beat in the fiscal third quarter. Results also outpaced our estimate in Q3. It continues to gain from strong demand for home-improvement projects, robust housing market trends and ongoing investments.
It also witnessed continued strength in both Pro and DIY categories, and digital momentum. Its interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters, aiding digital sales.
Shares of Diageo have underperformed the Zacks Beverages - Alcohol industry over the past year (-9.4% vs. -1.5%). The company is facing continued inflationary pressures and currency headwinds that are concerning. However, recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains aided Diageo’s fiscal 2022 results.
It witnessed sales, operating margin and earnings growth driven by organic sales growth across all regions. Price/mix gained from a positive mix due to the robust growth in super-premium-plus brands, particularly scotch, tequila and Chinese white spirits.
DEO’s margin trends were favorable in fiscal 2022, thanks to its premiumization efforts, recovery in markets, pricing actions and supply productivity savings, which mostly offset the cost inflation. It provided a decent view for fiscal 2023, with net sales growth expected across North America, Europe and Asia-Pacific.
Enbridge shares have gained +3.9% over the past year against the Zacks Oil and Gas - Production and Pipelines industry’s gain of +11.1%. The company has the longest and most sophisticated oil and liquids pipeline system in the world, which spreads across 17,809 miles. Hence, a significant portion of the midstream operator’s earnings is generated from transportation operations, driven by a string of long-term contracts.
Enbridge announced the increase of its annualized common share dividend to C$3.55 per share, thereby marking a dividend increase for 28 straight years. The company expects to put more than C$10 billion of growth projects into service in 2024 and beyond. This is expected to generate significant EBITDA growth in the coming years.
However, ENB has significant debt exposure since there has been a weakness in its operations. Also, Enbridge has mostly been yielding lower dividends than the industry over the past year. As such, the stock warrants a cautious stance.
Other noteworthy reports we are featuring today include eBay Inc., and Laboratory Corp. of America Holdings.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights The Home Depot, Diageo, Enbridge, eBay, and Laboratory Corporation of America
For Immediate Release
Chicago, IL – December 9, 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: The Home Depot, Inc. (HD - Free Report) , Diageo plc (DEO - Free Report) , Enbridge Inc. (ENB - Free Report) , eBay Inc. (EBAY - Free Report) , and Laboratory Corp. of America Holdings (LH - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Home Depot, Diageo and Enbridge
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 The Home Depot, Inc., Diageo plc and Enbridge Inc. 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 Home Depot have modestly lagged rival Lowe's (LOW) and the broader market this year (-22.9% vs. -20% for LOW and -18.7% for the S&P 500 index). The company reported soft gross margin in the fiscal third quarter driven by higher supply chain investments. Higher inventory levels and interest expense also remain concerning.
However, Home Depot reported its 10th straight quarter of earnings and sales beat in the fiscal third quarter. Results also outpaced our estimate in Q3. It continues to gain from strong demand for home-improvement projects, robust housing market trends and ongoing investments.
It also witnessed continued strength in both Pro and DIY categories, and digital momentum. Its interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters, aiding digital sales.
(You can read the full research report on Home Depot here >>>)
Shares of Diageo have underperformed the Zacks Beverages - Alcohol industry over the past year (-9.4% vs. -1.5%). The company is facing continued inflationary pressures and currency headwinds that are concerning. However, recovery in the on-trade channel, strong consumer demand in the off-trade and market share gains aided Diageo’s fiscal 2022 results.
It witnessed sales, operating margin and earnings growth driven by organic sales growth across all regions. Price/mix gained from a positive mix due to the robust growth in super-premium-plus brands, particularly scotch, tequila and Chinese white spirits.
DEO’s margin trends were favorable in fiscal 2022, thanks to its premiumization efforts, recovery in markets, pricing actions and supply productivity savings, which mostly offset the cost inflation. It provided a decent view for fiscal 2023, with net sales growth expected across North America, Europe and Asia-Pacific.
(You can read the full research report on Diageo here >>>)
Enbridge shares have gained +3.9% over the past year against the Zacks Oil and Gas - Production and Pipelines industry’s gain of +11.1%. The company has the longest and most sophisticated oil and liquids pipeline system in the world, which spreads across 17,809 miles. Hence, a significant portion of the midstream operator’s earnings is generated from transportation operations, driven by a string of long-term contracts.
Enbridge announced the increase of its annualized common share dividend to C$3.55 per share, thereby marking a dividend increase for 28 straight years. The company expects to put more than C$10 billion of growth projects into service in 2024 and beyond. This is expected to generate significant EBITDA growth in the coming years.
However, ENB has significant debt exposure since there has been a weakness in its operations. Also, Enbridge has mostly been yielding lower dividends than the industry over the past year. As such, the stock warrants a cautious stance.
(You can read the full research report on Enbridge here >>>)
Other noteworthy reports we are featuring today include eBay Inc., and Laboratory Corp. of America Holdings.
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 >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.