Tuesday, November 8 2016
Today's Research Daily features new research reports on 16 major stocks, including Shell (LON:RDSa) (RDS.A), Alibaba (NYSE:BABA) and Kraft Heinz (KHC). These reports have been hand-picked from amongst the roughly 70 reports issued by our analyst team today. To see the complete list of today's research reports, click here >>
Shares of Buy rated Shell have performed well lately by rising around 10.1% during the period on the back of a relatively stable oil price environment. Moreover, Europe's largest oil company reported better-than-expected earnings during the third quarter despite the difficult operating environment. The Zacks analyst likes the company’s expense management and progress on its large divestment program. Meanwhile, the most important take away from the earnings release was the remarkable speed of its BG integration that contributed significantly to production volumes. Shell's near-term dividend outlook also looks good with the company delivering on its pledge to sustain the payout throughout 2016. (You can read the full research report on Shell here>>)
Alibaba shares have outperformed the broader market as well as the peer e-commerce space in the year-to-date period (it is up more than 22%), with the trend expected to remain in place given the stable outlook for China and the company's encouraging quarterly results. The solid growth in its core e-commerce business as well as growing cloud computing services aided the results. The analyst likes the company’s dominance in China's mobile commerce market, efforts to develop new products and strong financial position. However, continued investments and increasing competition remained as concerns. (You can read the full research report on Alibaba here>>)
Kraft Heinz shares have been standout performers this year, gaining more than 18.2%, as cost savings initiatives and strong gains from innovation continued to have a positive impact on the company’s performance. The analyst also likes the company’s productivity improvement initiatives including zero-based budgeting; modernization and capability building. However, lower shipments in cold cuts, foodservice and nuts emerged led the company’s revenue to remain soft during third quarter. Management had warned that consumer trends are likely to remain challenged in both North America and Europe in the remainder of 2016. (You can read the full research report on Kraft Heinz here>>)
Other noteworthy reports we are featuring today include Facebook (NASDAQ:FB), Occidental Petroleum (NYSE:OXY) and Simon Property (SPG).
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Sheraz Mian
Director of Research
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Today's Must Read
Featured Reports
Occidental Petroleum's (OXY) Q3 Loss Wider than Expected
The Zacks analyst believes Occidental is poised to benefit from strong production from its high quality domestic and international assets, despite ongoing crude volatility.
Equinix (NASDAQ:EQIX) Reports Strong Q3 Results, Ups FY16 Guidance
The covering analyst thinks that Equinix's recurring revenues business model and capital deployment activities are its key strengths.
EOG Resources (NYSE:EOG) Posts Wider-than-Expected Q3 Loss
Weak oil prices along with lower production resulted in EOG Resources' wider-than-expected loss in third-quarter 2016.
American International (AIG) Reports Q3 Earnings Miss, Grow Y/Y
Despite American International's weaker than expected earnings, the Zacks analyst believes that continued restructuring, expense control initiatives and strong capital management will fuel growth.
Simon Property (SPG) Tops Q3 FFO & Revenues, Guides Up
The covering analyst thinks that transformative redevelopments were instrumental in Simon Property's FFO beat.
M&T Bank's (NYSE:MTB) Q3 Results Show Revenue Strength
The Zacks analyst remains optimistic as M&T Bank recorded higher revenues and sustained loan & deposit growth.
ABB Ltd. (ABB) Q3 Earnings Top; Restructuring Holds Promise
ABB's Q3 earnings beat estimates, braving formidable challenges in mining and oil & gas markets. Going forward, restructuring actions under the revamped Next Level Strategy is likely to fuel growth.
New Upgrades
Las Vegas Sands (LVS) Looks to Sustain Macao Performance
Las Vegas Sands' Macao portfolio is experiencing strong visitation lately and the company looks to maintain its performance through The Parisian Macao opening, according to the Zacks analyst.
Discover Financial (DFS) Tops Earnings and Revenues in Q3
With Discover Financial's strong Q3 earnings, the covering analyst believes that loan and deposit growth, higher card sales and efficient capital management will fuel growth.
Facebook's (FB) Mobile, Live Video Efforts to Drive Revenues
Despite the growth concerns, the Zacks analyst thinks that Facebook's top line will continue to be boosted by its mobile & live video efforts and monetization opportunities for its subsidiaries.
New Downgrades
AES Corp (AES) Misses on Q3 Earnings & Revenue Estimates
The Zacks Analyst believes that AES Corp's lower-than-expected results were mainly led by the continued devaluation in foreign currencies and poor hydrology in Brazil.
Xerox (NYSE:XRX) Reports Mixed Q3 Results, Trims Outlook
Xerox reported lower third quarter results. The covering analyst sees strong competition, availability of abundant number of substitutes and foreign currency risks as major headwinds.
U.S. Steel (X) Misses Q3 Earnings & Sales, Snips Guidance
The Zacks analyst is disappointed with U.S. Steel's results and thinks that operational issues will hurt its flat-rolled volume while challenges in its tubular business will persist in the near term.
SIMON PROPERTY (SPG): Free Stock Analysis Report
ROYAL DTCH SH-A (RDS.A): Free Stock Analysis Report
OCCIDENTAL PET (OXY): Free Stock Analysis Report
KRAFT HEINZ CO (KHC): Free Stock Analysis Report
FACEBOOK INC-A (FB): Free Stock Analysis Report
ALIBABA GROUP (BABA): Free Stock Analysis Report
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Zacks Investment Research