The Zacks Analyst Blog Highlights: Altice, Mobile TeleSystems, PLDT And Turkcell
Zacks Investment Research | Dec 19, 2018 08:28PM ET
For Immediate Release
Chicago, IL –December 20, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Altice USA, Inc. (NYSE:ATUS) , Mobile TeleSystems PJSC (NYSE:MBT) , PLDT Inc. (NYSE:PHI) and Turkcell Iletisim Hizmetleri A.S. (NYSE:TKC) .
Here are highlights from Tuesday’s Analyst Blog:
These 4 Telecom Losers of 2018 Could Be Big Winners in 2019
As we ready ourselves to bid adieu to an eventful 2018, investors seek to review their portfolio to identify stocks that appear bruised and battered, but hold solid potential for a healthy ROI in 2019. Before we try to simulate this exercise ourselves for the telecom sector, let us delve a little deep into the overall performance of the outgoing year.
A Roller-Coaster Ride!
In the first half of 2018, the overall U.S. equity markets witnessed an uptrend as the Trump administration announced corporate tax cuts that boosted the cash flow and infused confidence for healthy capital investments. However, as the year progressed, the markets seemed to wipe out all the initial gains and went downhill in the second half due to a combination of several factors. These include volatility in oil prices, trade war with China, geopolitical conflict with North Korea and Iran, three interest hikes by Fed that make loans costlier for capital-intensive sectors, imposition of tariffs on various foreign countries to improve the U.S. balance of trade and a soft global economy.
Consequently, sectors that were more exposed to the vagaries of the market, witnessed a roller-coaster ride and recorded an unconvincing performance in 2018. The telecom sector was one of the leading casualties of such an insipid feat by the market. Some telecom firms bore the brunt of the trade war with China, while the overall industry growth remained sluggish. As growing U.S. protectionism dampened investor sentiment and affected the supply chain, several stocks moved south. However, as both the warring countries aim to resolve their differences with a 90-day truce to the trade war and resume negotiations, these stocks look poised to benefit from the improving market fundamentals.
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