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The Zacks Analyst Blog Highlights: ExxonMobil, Occidental Petroleum, General Motors, MetLife and Digital Realty Trust
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For Immediate Release
Chicago, IL – November 9, 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 ExxonMobil (XOM - Free Report) , Occidental Petroleum (OXY - Free Report) , General Motors (GM - Free Report) , MetLife (MET - Free Report) and Digital Realty Trust (DLR - Free Report) .
Top Research Reports for ExxonMobil, Occidental Petroleum & GM
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 ExxonMobil, Occidental Petroleum and General Motors. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
ExxonMobil’s shares have gained +3.9% over the past six months, outperforming the Zacks International Integrated Oil industry, which declined -5.3% over the same period. The Zacks analyst thinks the company has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint.
With a stable cash position, the company’s balance sheet is one of the best in the industry. This has allowed ExxonMobil to reward stockholders with a 6.3% average annual dividend hike over the past 35 years. Recently it reported strong third-quarter 2018 results, aided by robust oil and gas prices along with healthier fuel margins. Notably, the company continues to gain on ramped-up oil-equivalent production from Hebron field.
However, turnaround activities at Singapore hurt the company’s Chemical business. Moreover, following the exit from a joint venture in Russia, ExxonMobil is foregoing significant growth opportunities from the region. The company is also facing ongoing investigations regarding climate change, warranting a cautious stance.
Shares of Occidental Petroleum have underperformed the Zacks U.S. Integrated Oil industry over the past year, gaining +7.3% vs. +13.6%. Occidental Petroleum’s third-quarter earnings and revenues surpassed expectations. This upside was primarily driven by an increased output from Permian Resources coupled with revenue growth from Midstream & Marketing segment.
The Zacks analyst thinks that as oil prices continue to improve, Occidental Petroleum gains from more oil production in the Permian Resources and from concentrating on a high-margin production region. Ongoing capital investment will further strengthen the existing operations of the company. The company generates a stable cash flow and its Chemical plant will further improve the same.
However, Occidental Petroleum, like other oil and natural gas companies, faces the risks of cost overruns and development interruptions due to delays in drilling and other approvals. Stringent federal and state laws are tailwinds for the company.
Buy-ranked General Motors’ shares have outperformed the Zacks Domestic Automotive industry over the last three months, losing -1.7% vs. -2.6%. General Motors reported third-quarter earnings and revenues which exceeded expectations and their respective prior-year quarter figures. The quarter witnessed robust performance across all new full-size trucks and crossovers in North America.
Estimates for the current quarter and current year earnings moved upwards in the last seven days. The Zacks analyst likes the company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development. Its restructuring activities are also expected to prove beneficial in the long run. Also, the company is raising investment in emerging markets to boost global sales.
Other noteworthy reports we are featuring today include MetLife and Digital Realty Trust.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
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 >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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: ExxonMobil, Occidental Petroleum, General Motors, MetLife and Digital Realty Trust
For Immediate Release
Chicago, IL – November 9, 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 ExxonMobil (XOM - Free Report) , Occidental Petroleum (OXY - Free Report) , General Motors (GM - Free Report) , MetLife (MET - Free Report) and Digital Realty Trust (DLR - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for ExxonMobil, Occidental Petroleum & GM
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 ExxonMobil, Occidental Petroleum and General Motors. 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 >>>
ExxonMobil’s shares have gained +3.9% over the past six months, outperforming the Zacks International Integrated Oil industry, which declined -5.3% over the same period. The Zacks analyst thinks the company has a leading position in the energy industry owing to the size and diversity of its asset base, both in terms of business mix and geographical footprint.
With a stable cash position, the company’s balance sheet is one of the best in the industry. This has allowed ExxonMobil to reward stockholders with a 6.3% average annual dividend hike over the past 35 years. Recently it reported strong third-quarter 2018 results, aided by robust oil and gas prices along with healthier fuel margins. Notably, the company continues to gain on ramped-up oil-equivalent production from Hebron field.
However, turnaround activities at Singapore hurt the company’s Chemical business. Moreover, following the exit from a joint venture in Russia, ExxonMobil is foregoing significant growth opportunities from the region. The company is also facing ongoing investigations regarding climate change, warranting a cautious stance.
(You can read the full research report on ExxonMobil here >>>).
Shares of Occidental Petroleum have underperformed the Zacks U.S. Integrated Oil industry over the past year, gaining +7.3% vs. +13.6%. Occidental Petroleum’s third-quarter earnings and revenues surpassed expectations. This upside was primarily driven by an increased output from Permian Resources coupled with revenue growth from Midstream & Marketing segment.
The Zacks analyst thinks that as oil prices continue to improve, Occidental Petroleum gains from more oil production in the Permian Resources and from concentrating on a high-margin production region. Ongoing capital investment will further strengthen the existing operations of the company. The company generates a stable cash flow and its Chemical plant will further improve the same.
However, Occidental Petroleum, like other oil and natural gas companies, faces the risks of cost overruns and development interruptions due to delays in drilling and other approvals. Stringent federal and state laws are tailwinds for the company.
(You can read the full research report on Occidental Petroleum here >>>).
Buy-ranked General Motors’ shares have outperformed the Zacks Domestic Automotive industry over the last three months, losing -1.7% vs. -2.6%. General Motors reported third-quarter earnings and revenues which exceeded expectations and their respective prior-year quarter figures. The quarter witnessed robust performance across all new full-size trucks and crossovers in North America.
Estimates for the current quarter and current year earnings moved upwards in the last seven days. The Zacks analyst likes the company’s capital allocation strategy, initiatives to make its vehicles more advanced, safer and fuel efficient and focus on technology development. Its restructuring activities are also expected to prove beneficial in the long run. Also, the company is raising investment in emerging markets to boost global sales.
(You can read the full research report on General Motors here >>>).
Other noteworthy reports we are featuring today include MetLife and Digital Realty Trust.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
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.