For Immediate Release
Chicago, IL – October 19, 2016 – 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 Bank of America (NYSE:(BAC - Free Report) –Free Report),Procter & Gamble (NYSE:(PG - Free Report) –Free Report),Home Depot (NYSE:(HD - Free Report) –Free Report),Microsoft (NASDAQ:(MSFT - Free Report) –Free Report) and PNC Financial (NYSE:(PNC - Free Report) – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
Today’s Analyst Reports for Bank of America (BAC - Free Report) , Home Depot (HD - Free Report) and Procter & Gamble
Today's Research Daily features new research reports on 16 major stocks, including Bank of America (NYSE:(BAC - Free Report) – Free Report), Procter & Gamble (NYSE:(PG - Free Report) –Free Report) and Home Depot (NYSE:(HD - Free Report) – Free Report).
Bank of America have lagged the broader market as well as the Finance sector in the year-to-date period, given the combination of the banking giant's reputation for operational challenges and the overall tough operating for banks environment. But part of these headwinds appear to have started lifting as reflected in the company's strong quarterly results, which followed similar momentum from a number of its peers as well. Bank of America’s third-quarter earnings handily surpassed the Zacks Consensus Estimate, driven by impressive growth in fixed income trading revenues and investment banking fees, along with higher mortgage banking income. Efficient expense management also supported the bottom line. The analyst likes this buy-rated company’s efforts to improve loan and deposit balances, restructure its balance sheet and steadily deploy capital. (You can read the full research report on Bank of America here>>)
You can check out our analysis of the Q3 earnings season, with a focus on bank earnings, in this week's Earnings Preview report - Reassuring Start to the Q3 Earnings Season >>
Procter & Gamble shares have gained more than 10% year-to-date on the back of the company's strong brand recognition, diversified portfolio, impressive product development capabilities and marketing prowess and strong cash flows. The company is investing in its brands and products and redesigning its supply chain to improve productivity and organic growth. Though the portfolio restructuring plan is hurting near-term sales and profits, it will ultimately increase profitability. (You can read the full research report on Procter & Gamble here>> )
Home Depot shares have not been doing too well recently. But the analyst likes the company’s focus on customer experience and its solid execution. Home Depot is also gaining from the housing market recovery and these factors helped it post its highest quarterly sales and earnings, in the last reported quarter, following which it raised its fiscal 2016 earnings view. However, intense competition from specialty stores and mass retailers as well as the impact of soft economic recovery on discretionary spending may prove to be deterrents. (You canread the full research report on Home Depot here>> )
Other noteworthy reports we are featuring today include Microsoft (NASDAQ:(MSFT - Free Report) – Free Report) and PNC Financial (NYSE:(PNC - Free Report) – Free Report).
You can find all of today's stock research reports here>>
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Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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