Monday, August 29, 2016
Today's Research Daily features 16 fresh analyst reports on major stocks, including Allergan (NYSE:AGN_pa) (AGN), Occidental Petroleum (NYSE:OXY) and Apple (NASDAQ:AAPL). These research reports have been hand-picked from the roughly 75 research reports issued by our analyst team today. You can see the full list of today's research reports here >>>
Apple shares have lagged the broader market lately on concerns about the iPhone maker's long-term growth trajectory, particulalry with questions about China not going away. These issues notwithstanding, the company remains optimistic about growth in regions like India and a decent rebound in China with the coming iPhone 7 launch, with growth getting a boost from the upgrade cycle even in mature markets. The stock should be attractive to value-oriented investors as well given the company's reasonable valuation and impressive track record of returning excess cash to shareholders through buybacks and dividends. (You can read the full research report on Apple here>>)
Allergan has been through so many transformative M&A transactions over the last few years that it has little in common with what it was just a couple of years back. The recent sale of the generics business to Teva is expected to increase focus on the branded portfolio and also use the proceeds for share buybacks and strenthening the balance sheet. Market participants appear skeptical of Allergan's near-term direction, as reflected in the stock's recent uderperformance The analyst discusses the pros & cons of investing in Allergan shares at this level. (You can read the full research report on Allergan here>>)
Occidental Petroleum shares will continue to move inline with oil prices, as is the case with all the other producers. But what distinguishes Occidental from other producers is its strong balance sheet and positive production growth profile despite a very disciplined capital program. The company's stable chemical and mid-stream assets add to its allure, as is its safe (and growing) dividend, currently yielding 3.9%. We have long liked Occidental as a long-term holding and have it in the Zacks Focus List as well. (You can read the full research report on Occidental here>>)
Free Access: All Zacks Research Reports
Starting today, you are invited to download in-depth analysis reports covering more than 1,000 of the most widely followed stocks. Valued at $25 each, they are yours to consult over the next 30 days absolutely free. They feature sensitive Zacks Rank information on each stock that you won't find anywhere else. See the reports free >>
You can find all of today's stock research reports here>>
Sheraz Mian
Director of Research
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Today's Must Read
Featured Reports
Molson Coors (TAP) Misses Q2 Earnings on Volume Decline
Molson Coors' Q2 earnings missed the Zacks Consensus Estimate, while revenues beat the same. The Zacks analyst thinks that the company's weak sales volume trends will offset the cost savings efforts.
Vulcan Materials (VMC) Q2 Aggregates Volume Hurt by Weather
The Zacks analyst thinks sales in the quarter were hurt by below-trend shipment growth due to extremely wet weather and slower than expected large project starts in the quarter.
American Capital (AGNC) Beats on Q2 Earnings, Up Q/Q
The covering analyst thinks American Capital's acquisition of its external manager will reduce operating costs and raise shareholders' value.
Netflix (NASDAQ:NFLX)'s (NLX) Growth May Come From International Markets
The Zacks analyst believes that Netflix's growth will eventually come from International markets. Also, the company's investment in original/acquired content will be accretive to long-term growth.
Texas Instruments (NASDAQ:TXN) Well Placed on Auto & Industrial Strength
The covering analyst believes that Texas Instruments should gain from the secular strength in the auto and industrial markets, stronger product mix and higher 300mm capacity coming online.
Buckeye Partners (BPL) Q2 Earnings Top but Revenues Lag
The Zacks analyst believes that strategic acquisitions and organic growth projects will drive performance.
Charter Comm. (CHTR) Gains Momentum in Ethernet Market
The Zacks analyst believes that after its recent merger with Time Warner Cable and BrightHouse Networks, Charter Communications (NASDAQ:CHTR) has positioned itself to be a powerhouse in the Ethernet market.
New Upgrades
Big Lots (NYSE:BIG) Tops Q2 Earnings, Raises FY16 Outlook
The Zacks analyst thinks Big Lots' impressive earnings surprise history, continuous comps growth and an encouraging earnings outlook suggests that the company's strategic efforts bode well
Kinross (KGC) Well Poised on Expansion, Cost Saving Actions
The covering analyst is impressed with Kinross' efforts to advance its key projects that will contribute to its future growth. The company should also gain from its cost management initiatives.
U.S. Steel (X) Well Placed on Cost Actions, Auto Strength
The Zacks analyst thinks that U.S. Steel should gain from healthy automotive demand, actions to improve cost structure through the Carnegie Way program and improved steel prices in second-half 2016.
New Downgrades
Dollar General's (DG) Q2 Results Hurt by Stiff Competition
The Zacks analyst thinks stiff competition and cautious consumer spending are weighing on Dollar General's performance, with both top and bottom lines missing our estimates in second-quarter fiscal 2016.
PPG Industries (NYSE:PPG) Faces FX Headwind, Macroeconomic Woes
The covering analyst believes that currency remains a drag on PPG's top line. The company is also exposed to several macroeconomic challenges and weakness across certain markets.
Tepid Industrial & Energy Business Could Hurt Pentair (PNR)
The Zacks analyst thinks volatile raw material prices and stronger dollar will weigh on Pentair's results. Uncertainty in industrial business and weakening energy business also remain headwinds.
MOLSON COORS-B (TAP): Free Stock Analysis Report
OCCIDENTAL PET (OXY): Free Stock Analysis Report
ALLERGAN PLC (AGN): Free Stock Analysis Report
APPLE INC (AAPL): Free Stock Analysis Report
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