For Immediate Release
Chicago, IL – November 23, 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 TJX Companies (TJX - Free Report) , Dominion Energy (D - Free Report) , Norfolk Southern (NSC - Free Report) , Sinopec (SNP - Free Report) and Eversource Energy (ES - 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 TJX Companies, Dominion Energy and Norfolk Southern
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 TJX Companies, Dominion Energy and Norfolk Southern. 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 TJX Companies' shares have outperformed the Zacks Discount Stores industry over the past year, gaining +32.7% vs a +20.6% increase, courtesy of its impressive comps record. Comps have been gaining from continued rise in consumer traffic and strong merchandising policies.
The Zacks analyst thinks these factors along with TJX Companies’ off-price model, strategic store locations and impressive brands have been driving its store and online performance. This was visible in the company’s third-quarter fiscal 2019 results, wherein the top and bottom lines grew year over year and beat estimates, and customer traffic rose for the 17th straight time.
The company began the fourth quarter on a strong note, which along with its constant sales-driving efforts, solid holiday season prospects and expected market share gains led to a raised view. However, the company has long been witnessing high wage costs, which along with elevated freight costs are expected to hurt margins in fiscal 2019. Also, currency woes pose threats.
(You can read the full research report on TJX Companies here >>>).
Shares of Dominion Energy have gained +17% over the past six months, outperforming the Zacks Electric Power industry, which has increased +6.9% over the same period. The company’s third-quarter earnings surpassed expectations, courtesy of strong contribution from the Cove Point Liquefaction project.
The Zacks analyst thinks Dominion Energy is benefiting from its regulated growth projects and synergies from Questar’s acquisition. The company’s expansion of electric transmission, natural gas facilities and midstream assets are strong positives. Its merger deal with SCANA received the approval of North Carolina Utilities Commission and is likely to be immediately accretive to earnings.
However, any delay in ongoing capital projects could adversely impact profitability of the company. Reduction in solar investment tax credits and share dilution may affect its future results. The company and its gas unit’s dependency upon third-party producers for natural gas supply increases risks.
(You can read the full research report on Dominion Energy here >>>).
Buy-ranked Norfolk Southern’s shares have outperformed the Zacks Rail industry (+25.9% vs. +16.7%) as well as fellow railroad operator Union Pacific (+20.1%) over the past year due to multiple tailwinds. The Zacks analyst thinks the company is benefiting significantly from volume growth.
Norfolk Southern's efforts to reduce costs are also impressive. In fact, operating ratio is constantly improving primarily due to its cost reduction initiatives. A low effective tax rate is boosting the company’s bottom-line performance. Norfolk Southern’s efforts to reward its shareholders through dividends and buybacks are commendable as well.
The Zacks Consensus Estimate for current-year earnings has been revised upward to the tune of 1.5% over the last 60 days, highlighting positivity surrounding the stock. However, high operating expenses mainly due to escalating fuel prices raise concerns. Additionally, its high debt levels are worrisome.
(You can read the full research report on Norfolk Southern here >>>).
Other noteworthy reports we are featuring today include Sinopec and Eversource Energy.
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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.
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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.