The Zacks Analyst Blog Highlights: Apple, W. R. Berkley, Tesla, MSCI And Parker-Hannifin
Zacks Investment Research | Jan 22, 2020 09:14PM ET
For Immediate Release
Chicago, IL – January 23, 2020 – 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: Apple Inc. (NASDAQ:AAPL) , W. R. Berkley Corp. (NYSE:WRB) , Tesla Inc. (NASDAQ:TSLA) , MSCI Inc. (NYSE:MSCI) and Parker-Hannifin (NYSE:PH) Corp. (NYSE:HP) .
Here are highlights from Wednesday’s Analyst Blog:
5 High-Flying Stocks to Buy Ahead of Earnings Next Week
Wall Street is firing on all cylinders since the beginning of this year, breaking one record after another. It seems that the bulls have no intention of taking a breather after completing the best year in the last six years. This year’s momentum starts from where it ended in 2019.
Although several large-cap (market capital >10 billion) stocks have skyrocketed in the past year, some of them are set to beat earnings estimate in the ongoing reporting cycle. Strong earnings results will likely ensure further northbound move in the stock prices of these companies in the near term.
Weak Expectations for Fourth-Quarter Earnings
Expectations for fourth-quarter 2019 earnings are far from encouraging at present. However, although corporate earnings growth was negative year over year in the first three quarters, results were far better than initially anticipated.
Total earnings of the S&P 500 Index are anticipated to be down 3.2% from the same period last year on 3.5% higher revenues. As of Jan 20, just 44 S&P 500 members reported fourth-quarter earnings results. Total earnings of these companies are down 3.8% from the same period last year on 3.9% higher revenues. Of the total, 75% surpassed EPS estimates while 70.5% outpaced revenue estimates. (Read More: Original post
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