The Zacks Analyst Blog Highlights: Cigna, Ceridian, Estee Lauder, Arconic And Fortinet
Zacks Investment Research | Apr 29, 2019 09:24PM ET
For Immediate Release
Chicago, IL – April 30, 2019 – 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 Cigna Corp. (NYSE:CI) , Ceridian HCM Holding Inc. (NYSE:CDAY) , Estée Lauder Companies Inc. (NYSE:EL) , Arconic (NYSE:ARNC) and Fortinet Inc. (NASDAQ:FTNT) .
Here are highlights from Monday’s Analyst Blog:
5 Top Stocks to Buy Ahead of Earnings This Week
Wall Street is continuing its bull run for four months in a row. All the major stock indexes have surged by double digit growth so far in 2019. Last week, the market benchmark S&P 500 Index and tech-heavy Nasdaq Composite recorded new all-time highs. The blue-chip Dow 30 Index is currently within striking distance to set a new record.
Are First-Quarter Earnings Showing Some Surprises?
As of Apr 26, 230 companies on the S&P 500 Index reported first-quarter 2019 earnings results. Total earnings of these companies were up 0.5% year over year on 3.7% higher revenues. Of the 230 companies, 79.1% have beaten earnings estimate and 58.7% have beaten revenue estimates.
Total earnings for the benchmark index are now expected to be down 1.6% from the same period last year on 4.5% higher revenues. This would be an improvement from an expected earnings decline of nearly 4% at the beginning of the earnings period. (Read More: Original post
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