Friday, November 11 2016
Today's Research Daily features new research reports on 16 major stocks, including Medtronic (NYSE:MDT), Chubb (NYSE:CB) and Exelon (NYSE:EXC). These reports have been hand-picked from among the roughly research reports issued by our analyst team today. You can see the complete list of today's research reports here >>>
Medtronic shares have gained more than 7% year-to-date, outperforming the peer medical devices space, on the back of the company's recent product launches and FDA approvals. The analyst likes the $1.1 billion acquisition of Heartware International, which is expected to significantly boost its Cardiac Rhythm & Heart Failure business, but worries about the company's sluggish spine business over the past few quarters. (You can read the full research report on Medtronic here>>)
Chubb shares have lagged the insurance space this year, but the Zacks analyst thinks the company stands a good chance of taking leadership in the P&C space, benefiting from complementary products and services. Its inorganic growth story seems impressive and should help it achieve higher long-term ROE. A strong capital position helps Chubb to engage in shareholder friendly moves and invest in strategic initiatives that drive growth. However, the company’s exposure to cat loss (estimates $200 million cat loss in fourth quarter from Hurricane Matthew) and a low interest rate environment are headwinds. The recent uptrend in long-term interest rates is beneficial to Chubb and others in its space. (You can read the full research report on Chubb here>>)
Exelon shares have been strong performers this year, but they have come under pressure in recent sessions as long-term interest rates have trended up following the election. The analyst emphasizes that the company has benefitted from new electric rates and above-average temperatures in its service territories. Moreover, Exelon is gaining from the Pepco Holdings acquisition, which contributed $130 million to its earnings in the reported quarter. However, Exelon is subject to the impact of commodity price volatility, and price fluctuation in the wholesale markets. (You can read the full research report on Exelon here>>)
Other noteworthy reports we are featuring today include Intercontinental Exchange (ICE), Check Point Software (CHKP) and Macy's (NYSE:M).
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Sheraz Mian
Director of Research
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Today's Must Read
Featured Reports
Tesoro Corporation (NYSE:TSO) Q3 Earnings Beat; Revenues Miss
The Zacks analyst believes that the company's scale and diversification benefits along with significant contribution from the logistics segment led Tesoro to beat third quarter earnings estimate.
Nucor (NYSE:NUE) Misses in Q3, Strategic Actions to Reap Gains
The covering analyst believes that Nucor will gain from acquisitions, capacity expansion actions and healthy auto demand amid sustained industry challenges.
Intercontinental Exchange (ICE) Q3 Earnings, Revenues Miss
The Zacks analyst believes Intercontinental Exchange's incremental cash flows and capital position support efficiencies, strategic acquisitions, alliances, product novelty, and global expansion.
Macy's (M) Q3 Earnings Misses Estimates, Retains EPS View
The Zacks analyst thinks Macy's remains focused on augmenting its top and bottom lines, as both fell for the third time this fiscal.
Kohl's (KSS) Q3 Earnings & Sales Beat Despite Weak Comps
The covering analyst thinks Kohl's 'Greatness Agenda' initiative has failed to deliver results.
Check Point's (CHKP) Strategic Initiatives Drive Q3 Results
The Zacks analyst thinks that Check Point's focus on product refreshes, better mobile capabilities and buyout will continue to back growth.
Annaly's (NLY) Q3 Earnings Beat Estimates
The covering analyst believes Annaly's diversified investment and financing options aided its better-than-expected results in 3Q16.
New Upgrades
Liberty Media (NASDAQ:LMCA) Reverses to Earnings in Q3; Sales Up
The Zacks analyst believes that Liberty Media's diversified investment in cable MSO, satellite radio broadcasters and live concert operators will boost the company's long-term growth prospects.
Microchip (MCHP) Beats Q2 Earnings, Sales Estimates
The covering analyst believes the company's expanding product portfolio, new customer wins and accretive acquisitions like that of Atmel are key growth drivers.
Middleby (MIDD) Up to Buy on Strong Q3 Earnings
Middleby's Q3 earnings surpassed the Zacks Consensus Estimate and the year-ago tally on the back of higher sales, acquisition benefits, sound restructuring moves and greater operational efficacy.
New Downgrades
Plains All American (PAA) Tops Q3 Earnings, Revenue Fall
The Zacks analyst believes that intense competition in the midstream space continues to pose a threat to Plains All American.
Iconix (ICON) Tops Q3 Earnings and Sales; Lowers View
Iconix beats earnings and sales in the third-quarter 2016, but lowers sales view for full-year. The covering analyst thinks softness in men's line and uncertainties in Europe are causing woes.
Telephone & Data Systems (TDS) Misses on Earnings in Q3
The Zacks analyst believes that intense competition and costs related to network integration, construction of cell sites and wireless technology upgrades are major risks.
MEDTRONIC (MDT): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
INTERCONTNTLEXC (ICE): Free Stock Analysis Report
EXELON CORP (EXC): Free Stock Analysis Report
CHECK PT SOFTW (CHKP): Free Stock Analysis Report
CHUBB LTD (CB): Free Stock Analysis Report
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