Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Top Research Reports For September 8, 2016

Published 09/08/2016, 01:07 AM
Updated 07/09/2023, 06:31 AM

Thursday, September 8, 2016

Today's Research Daily features analyst reports on 16 major stocks, including Bank of America (NYSE:BAC), Chubb Limited (NYSE:CB) and Apache Corp (NYSE:APA). These 16 research reports have been handpicked from the more than 70 reports issued by our research team this morning. You can see the complete list of today's research reports here >>>

Bank of America shares have outperformed its peer group and the broader market over the last few weeks, with market participants coming around to acknowledging the bank's efforts to realign its balance sheet and streamline core operations. Growing confidence in the bank's balance sheet, as reflected in its approved 2016 capital plan, and a strong deposit franchise are some of the other positives in the Bank of America story that should help the bank navigate an otherwise tough operating environment for banks. (You can read the full research report on Bank of America here>>)

Chubb shares have remained flat recently but are up nicely on the year. The analyst likes Chubb's leadership position in the property and casualty insurance space as a result of its complementary products and services. Its impressive inorganic growth story and strong capital position are other positives. Recently, the company introduced its marine service capabilities in China, which will allow the company to offer customized insurance solutions and risk management services to clients. (You can read the full research report on Chubb here>>)

Apache shares responded strongly to the announcement of a big discovery in the Permian basin, potentially opening up a new multi-year resource play for the E&P major. The analyst likes the company’s geographically diversified reserve base and multi-year trend in reserve replacement and production growth. Initiatives to align capital spending with its cash flows are also encouraging. It continues to build up a high-quality inventory of projects capable of delivering attractive returns even in a low oil price environment (You can read the full research report on Apache Corp here>>)

Other noteworthy reports we are featuring today include T. Rowe Price Group (TROW), Guess', Inc. (GES) and Statoil (OL:STL) (STO).

Today's Long-Term Buys & Sells
Today you can gain access to the best long-term trades unearthed by Zacks Research. These moves have double and triple-digit profit potential and are rarely available to the public. Starting now, you can look inside our stocks under $10, home run and value stock portfolios, plus more. Want a peek at this private information? Click here >>

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

C.H. Robinson (CHRW) to Buy APC Logistics for $225 million

Though mindful of the headwinds facing the company, the Zacks analyst is positive on its decision to buy APC Logistics, which, on completion, will expand the company's network significantly.

Cepheid (CPHD) Acquired By Danaher (NYSE:DHR)

The Zacks analyst thinks following the Danaher deal Cepheid will enjoy better exposure to a broad customer and patient base.

Statoil (STO) Buys Wisting Discovery Stake from Tullow Oil (LON:TLW)

The Zacks analyst thinks that although there is weakness in commodity prices, Statoil's initiatives to increase its stake in the Wisting discovery will lead to huge shareholder returns.

Guess' (GES) Top Line Suffers Due to Soft Comparable Sales

The covering analyst thinks Guess' is consistently reporting lower top line due to soft traffic at its retail stores.

T. Rowe Price (TROW) Gains on Strategic Moves, Cost Burden Lingers

The Zacks analyst thinks despite rising costs, T. Rowe Price's growth prospects look promising given its planned strategic initiatives including investment in technology and launch of new products.

Check Point (CHKP) to Benefit from Product Refreshes & Buyouts

Though changing customer spending behavior is a risk, the covering analyst believes that Check Point's sustained focus on product refreshes, better mobile capabilities and buyouts will drive growth.

Roche's (RHHBY) Oncology Portfolio Should Drive Growth

The Zacks analyst believes that Roche's efforts to develop drugs for multiple sclerosis and asthma should also boost sales and offset the loss due to generics.

New Upgrades

Ciena (CIEN) to Benefit from Prospects in DCI, Submarine

The Zacks analyst thinks Ciena is well positioned to benefit from opportunities in the DCI, submarine and metro segments. Competition and customer concentration continue to be major concerns.

John Wiley (JW.A) Reiterates View Despite Q1 Earnings Miss

John Wiley retained its fiscal 2017 outlook despite posting soft first quarter results. The covering analyst thinks hike in dividend is a move to provide cushion to the stock.

Roper (ROP) Continues to Face Trouble Due to Weakness in O&G

The Zacks analyst believes Roper's asset light business model, robust M&A activity and strong dividend policy are positives. But, weakness in oil and gas sector continues to be a drag on financials.

New Downgrades

VeriFone (PAY) Down to Strong Sell on Moody's Rating

Following a soft quarterly results, Moody's has given a credit negative rating for VeriFone's top-line expectations. The Zacks analyst believes financials will remain weak in the near term.

Low Commodity Prices & Farm Income to Hurt Lindsay (LNN)

The covering analyst thinks low commodity prices, reduced farm income and fluctuations in exchange rates will weigh on Lindsay's results. Pricing pressure and competition also remain concerns.

Sohu.com's (SOHU) Operations Continue to Be Hurt by China Weakness

The Zacks analyst believes the company's growth in the near term will remain sluggish because of muted spending levels in China.



T ROWE PRICE (TROW): Free Stock Analysis Report

STATOIL ASA-ADR (STO): Free Stock Analysis Report

GUESS INC (GES): Free Stock Analysis Report

CHUBB LTD (CB): Free Stock Analysis Report

BANK OF AMER CP (BAC): Free Stock Analysis Report

APACHE CORP (APA): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.