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New Research Reports For Apple, DuPont, & Comcast

Published 10/27/2016, 12:45 AM
Updated 07/09/2023, 06:31 AM

Thursday, October 27, 2016

We are featuring 16 major stocks in today's Research Daily, including reports on Apple (NASDAQ:AAPL), Comcast (NASDAQ:CMCSA), Lockheed Martin (NYSE:LMT) and DuPont (NYSE:DD). These 16 reports have been hand-picked from the roughly 70 reports issued by the Zacks analysts team today. You can find all of today's stock research reports here>>

Apple shares lost ground following the quarterly release (the stock is still up more than 9% year-to-date) as market participants weren't impressed with guidance for revenues, margins. Questions about China where the company's revenue dropped 30% from the year-earlier level also remain. These issues and the company's growing iPhone reliance (about 60% of total revenues) notwithstanding, the Zacks likes Apple's loyal customer base, strong ecosystem, enormous cash-flow generation ability (more than $12 billion in free cash flows in the quarter), track record capital returns to shareholders and still attractive valuation. (You can read the full research report on Apple here>>)

Comcast shares have weakened following the mixed quarterly report, but the stock still remains a solid performer (up nearly 11% year to date). The company was able to add 32,000 video subscribers in the reported quarter despite widespread cord-cutting. The company's cable business is doing well while the NBC Universal segment is witnessing significant improvement. Also, its decision to venture into the U.S. wireless space bodes well for its diversified business model. (You can read the full research report on Comcast here>>)

Lockheed Martin's strong quarterly results should help sustain the stock's momentum (up more than 15% year-to-date). Driving this momentum is Lockheed Martin’s status as a bellwether for the defense space and company's impressive cash flow generation abilities which it generously shares with its shareholders. The 10% dividend hike and an additional $2 billion buyback authorization add to the company's track record on this front. The analyst likes the company's solid outlook, impressive revenue growth and potential share buybacks. (You can read the full research report on Lockheed Martin here>>)

DuPont shares have lagged the materials sector this year, likely reflecting regulatory uncertainty about mega merger and subsequent restructuring with Dow Chemicals. But the company continues to impress operationally, with Q3 results coming in better than expected, outlook for the current period raised and management reassuring about the Dow deal. (You can read the full research report on DuPont here>>)

Other noteworthy reports we are featuring today include Caterpillar (NYSE:CAT), Alphabet (NASDAQ:GOOGL) and American Airlines (AAL).

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You can find all of today's stock research reports here>>

Sheraz Mian

Director of Research

Note: If you want an email notification each time Sheraz publishes a new article, please click here>>>

Featured Reports

Caterpillar (CAT) Cuts 2016 View; Sees Little Change in 2017

As global economic weakness continues to dent demand, Caterpillar cut its 2016 outlook & predicts a tough 2017. The Zacks analyst believes restructuring will help sustain margins in this tough backdrop.

Alphabet (GOOGL) Hurt By Weak Execution

The covering nalyst believes that despite Alphabet's dominant share in a competitive, fast-growing search market, execution problems, growing competition and legal hassles remain overhangs.

Suncor Energy (SU) Swings to Q3 Profit on Production Gains

The covering analyst believes Suncor's increased ownership in the Syncrude oil sands project gives more leverage to the company to ride the rebound in oil prices.

American Airlines (AAL) Beats on Q3 Earnings & Revenues

The Zacks analyst is pleased with the company's better-than-expected results. However, increased labor costs and high debt levels raise concerns.

Marsh & McLennan (MMC) Reports In Line Earnings in Q3

Marsh & McLennan's 3Q16 earnings came in line and improved 10% year over year, with margin expansion in both Risk and Insurance Services and Consulting segments.

Equity Residential (NYSE:EQR) Q3 FFO In Line

The covering analyst thinks Equity Residential will gain from favorable demographic trends and portfolio-repositioning efforts, though sale of assets and new apartment supply would hinder growth.

Baxter's (BAX) Q3 Earnings, Sales Top

The Zacks analyst is impressed with Baxter's forecast-topping results and raised full-year outlook. Also launch of NUMETA 13E and the strategic tie-up with Satellite Healthcare are added positives.

New Upgrades

Garmin (GRMN) Delivers Solid Q3 Results; Guides Well

The Q3 earnings beat apart, the Zacks analyst is positive on Garmin's continued innovation, diversification and market expansion efforts for growth in all business segments.

C. R. Bard (BCR) Tops Q3 Earnings on Product Portfolio

The covering analyst is bullish on C.R. Bard posting strong numbers in Q3 from a solid product portfolio. The company also gained in prominence following a series of regulatory approvals.

AGNC Investment (AGNC) Beats on Q3 Earnings, Up Q/Q

The Zacks analyst believes AGNC Investment's acquisition of its external manager in July has substantially lowered its operating costs, which aided in third-quarter earnings beat.

New Downgrades

Abaxis' (ABAX) Q2 Earnings Misses Estimate, Margins Slide

The Zacks analyst believes that despite balanced growth across all geographies, a huge debacle in instrument sales marred the overall second quarter fiscal 2017 performance of Abaxis

CIT Group (CIT) Faces Mounting Costs despite Saving Efforts

The Zacks analyst thinks CIT Group's elevated expense levels will hamper profitability. The company has initiated a cost savings plan, but benefits will take time to get reflected in the results.

TD Ameritrade (AMTD) Q4 Earnings Miss, To Buy Scottrade

The Zacks analyst believes that TD Ameritrade's fiscal Q4 earnings reflect its continued cost control challenges. However, growth prospects look good given its proposed deal to acquire Scottrade.



LOCKHEED MARTIN (LMT): Free Stock Analysis Report

ALPHABET INC-A (GOOGL): Free Stock Analysis Report

DU PONT (EI) DE (DD): Free Stock Analysis Report

COMCAST CORP A (CMCSA): Free Stock Analysis Report

CATERPILLAR INC (CAT): Free Stock Analysis Report

APPLE INC (AAPL): Free Stock Analysis Report

AMER AIRLINES (AAL): Free Stock Analysis Report

Original post

Zacks Investment Research

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