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The Zacks Analyst Blog Highlights Linde, Airbnb, Canadian Natural Resources, Waste Management and Constellation Brands
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For Immediate Release
Chicago, IL – November 8, 2023 – 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: Linde plc (LIN - Free Report) , Airbnb, Inc. (ABNB - Free Report) , Canadian Natural Resources Ltd. (CNQ - Free Report) , Waste Management, Inc. (WM - Free Report) and Constellation Brands, Inc. (STZ - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Linde, Airbnb and Canadian Natural Resources
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 Linde plc, Airbnb, Inc. and Canadian Natural Resources Ltd. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Linde shares have outperformed the Zacks Chemical - Specialty industry over the year-to-date period (+21.8% vs. +8.8%). The company is making the world more productive by the day with its wide range of applications for its industrial gases. Linde's primary products in industrial gases include oxygen, which is used as life support in hospitals.
Linde has long-term contracts with on-site customers backed by minimum purchase requirements, thereby securing stable cashflows. In the profitable industrial gas market, the merger of Praxair and Linde has created an efficient player with considerable size advantages. The firm reported strong third-quarter earnings, thanks to higher pricing from the Americas segment.
However, increasing competition for new projects and developments in emerging markets is concerning. The company is extremely vulnerable to uncertainty associated with the slowdown of economic growth, as this could hurt demand for its industrial gases.
Shares of Airbnb have outperformed the Zacks Internet - Content industry over the year-to-date period (+38.2% vs. +23.9%). The company's revenue growth was driven by continuous improvements in Nights and Experiences Booked, enabling Airbnb to witness a positive trend in its Gross Booking Value.
Growing gross nights booked, owing to solid momentum across high-density urban areas and first-time bookers has been a tailwind. Increasing guest demand and continuous recovery in cross-border travel aided the quarterly performance. Strong momentum in active listings, owing to supply growth across all regions, particularly in Asia Pacific and Latin America, has been another positive.
Notably, shares have outperformed the industry year to date. However, greater volatility in travel demand, subjected to macroeconomic trends and geopolitical conflicts, is a concern.
Shares of Canadian Natural Resources have outperformed the Zacks Oil and Gas - Exploration and Production - Canadian industry over the year-to-date period (+24.0% vs. +6.7%). The company's balanced and diverse production mix facilitates long-term value and reduces the risk profile. Canadian Natural's acquisition of Athabasca Oil Sands project in 2017 has added significant value to its asset base and buoyed the production prospects.
Notably, lower capital needs and improving operational efficiencies have enabled the company to generate significant free cash flow. What's more, the company remains committed to investor friendly moves by the way of dividend payout and stock buybacks.
However, Canadian Natural is set to face debt maturities each year out till 2027. Further, the C$3.25-billion term loan to fund the Devon Energy asset buy has worsened the company's debt-to-capital ratio and led to higher interest outgo. The interplay of these factors accounts for the cautious stance.
Other noteworthy reports we are featuring today include Waste Management, Inc. and Constellation Brands, Inc.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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 Linde, Airbnb, Canadian Natural Resources, Waste Management and Constellation Brands
For Immediate Release
Chicago, IL – November 8, 2023 – 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: Linde plc (LIN - Free Report) , Airbnb, Inc. (ABNB - Free Report) , Canadian Natural Resources Ltd. (CNQ - Free Report) , Waste Management, Inc. (WM - Free Report) and Constellation Brands, Inc. (STZ - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Linde, Airbnb and Canadian Natural Resources
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 Linde plc, Airbnb, Inc. and Canadian Natural Resources Ltd. 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 >>>
Linde shares have outperformed the Zacks Chemical - Specialty industry over the year-to-date period (+21.8% vs. +8.8%). The company is making the world more productive by the day with its wide range of applications for its industrial gases. Linde's primary products in industrial gases include oxygen, which is used as life support in hospitals.
Linde has long-term contracts with on-site customers backed by minimum purchase requirements, thereby securing stable cashflows. In the profitable industrial gas market, the merger of Praxair and Linde has created an efficient player with considerable size advantages. The firm reported strong third-quarter earnings, thanks to higher pricing from the Americas segment.
However, increasing competition for new projects and developments in emerging markets is concerning. The company is extremely vulnerable to uncertainty associated with the slowdown of economic growth, as this could hurt demand for its industrial gases.
(You can read the full research report on Linde here >>>)
Shares of Airbnb have outperformed the Zacks Internet - Content industry over the year-to-date period (+38.2% vs. +23.9%). The company's revenue growth was driven by continuous improvements in Nights and Experiences Booked, enabling Airbnb to witness a positive trend in its Gross Booking Value.
Growing gross nights booked, owing to solid momentum across high-density urban areas and first-time bookers has been a tailwind. Increasing guest demand and continuous recovery in cross-border travel aided the quarterly performance. Strong momentum in active listings, owing to supply growth across all regions, particularly in Asia Pacific and Latin America, has been another positive.
Notably, shares have outperformed the industry year to date. However, greater volatility in travel demand, subjected to macroeconomic trends and geopolitical conflicts, is a concern.
(You can read the full research report on Airbnb here >>>)
Shares of Canadian Natural Resources have outperformed the Zacks Oil and Gas - Exploration and Production - Canadian industry over the year-to-date period (+24.0% vs. +6.7%). The company's balanced and diverse production mix facilitates long-term value and reduces the risk profile. Canadian Natural's acquisition of Athabasca Oil Sands project in 2017 has added significant value to its asset base and buoyed the production prospects.
Notably, lower capital needs and improving operational efficiencies have enabled the company to generate significant free cash flow. What's more, the company remains committed to investor friendly moves by the way of dividend payout and stock buybacks.
However, Canadian Natural is set to face debt maturities each year out till 2027. Further, the C$3.25-billion term loan to fund the Devon Energy asset buy has worsened the company's debt-to-capital ratio and led to higher interest outgo. The interplay of these factors accounts for the cautious stance.
(You can read the full research report on Canadian Natural Resources here >>>)
Other noteworthy reports we are featuring today include Waste Management, Inc. and Constellation Brands, Inc.
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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.