For Immediate Release
Chicago, IL – November 1, 2018 – 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 Comcast (CMCSA - Free Report) , ConocoPhillips (COP - Free Report) , Delta Air Lines (DAL - Free Report) , ServiceNow (NOW - Free Report) and Zimmer Biomet (ZBH - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for Comcast, ConocoPhillips and Delta
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 Comcast, ConocoPhillips and Delta Air Lines. 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 >>>
Buy-ranked Comcast’s shares have outperformed the Zacks Cable Television industry year to date, losing -5.8% vs. -11.4% in the space. Comcast’s third-quarter 2018 results benefited from solid growth in the number of residential high-speed Internet customers.
Advertising revenues also increased due to higher spending on political advertising. Moreover, strong adoption of Xfinity Home drove top-line growth. The Zacks analyst thinks the nationwide rollout of the DOCSIS 3.1 technology and the completion of the nationwide rollout of Comcast’s wireless services under the Xfinity Mobile brand will continue to boost subscriber base. Partnerships with the likes of Charter, Netflix and Amazon Prime are other positives.
The Sky acquisition expands Comcast’s international reach. Sky’s content portfolio strength is a major growth driver. However, the company continues to lose voice and video subscribers due to cord-cutting and stiff competition. Additionally, high debt level is a headwind.
(You can read the full research report on Comcast here >>>).
Shares of Buy-ranked ConocoPhillips are up +33.5% over the past year, outperforming the Zacks U.S. Integrated Oil industry, which has gained +13.7% over the same period. In terms of production and proved reserves, ConocoPhillips is the largest oil and gas exploration and production (E&P) player in the world.
The company recently reported strong third-quarter 2018 results, courtesy of higher oil realizations and strong volumes from unconventional assets. The Zacks analyst thinks there are significant opportunities for the upstream energy player in the Eagle Ford where it owns about 3,400 undrilled locations. In fact, a strong focus on two other prospective resources like Delaware basin and Bakken shale is expected to help ConocoPhillips achieve its target of 22% CAGR of production through 2017 to 2020.
Importantly, through 2017, the firm had lowered its debt load by 30%, thereby enhancing its credit rating. Consequently, ConocoPhillips offers substantial upside potential from the current price levels and is a preferred E&P company to own now.
(You can read the full research report on ConocoPhillips here >>>).
Delta Air Lines’ shares have lost -1.5% year to date, outperforming the Zacks Airline industry's -21.8% decline. The stock has also outperformed fellow airline heavyweight, American Airlines, which has declined -33.4% in the same time frame. Delta performed impressively in the third quarter of 2018, despite high fuel costs. Both earnings and revenues surpassed the respective estimates and improved year over year.
Strong demand for air travel aided results, causing passenger revenues to increase 8.2%. Anticipating travel demand to remain strong, Delta raised its view pertaining to revenue growth for 2018. The Zacks analyst is also impressed by the company's efforts to reward its shareholders.
Despite the robust third-quarter performance, the threat posed by rising fuel costs, which increased 32.1% in the third quarter, is a major concern. Also, its fuel bill rose 35% in the quarter. Fuel costs are anticipated to be between $2.47 and $2.52 per gallon in the final quarter of 2018. Expenses on the labor front might also limit bottom-line growth.
(You can read the full research report on Delta Air Lines here >>>).
Other noteworthy reports we are featuring today include ServiceNow and Zimmer Biomet.
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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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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.