The Zacks Analyst Blog Highlights: Kinder Morgan, Wells Fargo, NVR, United Airlines And Ally Financial
Zacks Investment Research | Oct 14, 2019 08:37AM ET
For Immediate Release
Chicago, IL –October 14, 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: Kinder Morgan Inc. (NYSE:KMI) , Wells Fargo & Co. (NYSE:WFC) , NVR Inc. (NYSE:NVR) , United Airlines Holdings Inc. (NASDAQ:UAL) and Ally Financial Inc. (NYSE:ALLY) .
Here are highlights from Friday’s Analyst Blog:
5 Stocks to Win Big on Q3 Earnings Next Week
Wall Street is reeling under volatility for the past six months owing to trade-related conflicts, global growth slowdown and geopolitical concerns. However, positive comments by President Donald Trump on trade disputes with China and Fed Chair Jerome Powell’s hints of a possible third rate cut this month, bolstered investors’ sentiment in the last couple of days.
Meanwhile, the third-quarter 2019 earnings session has kicked off and will gather steam next week. Third-quarter earnings estimates are currently negative. Notably, the initial estimates of both first and second-quarter earnings were negative too. However, actual results fared far better. Below we will present five companies that are set to beat earnings estimates next week.
Positive Development on U.S.-China Trade War Front
On Oct 10, in a campaign rally in Minnesota, President Trump said that he will meet with Chinese vice premier Liu He on Oct 11. Trump tweeted “Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.”
Earlier, South China Morning Post (SCMP) reported that Liu He will leave Washington a day before the scheduled date of Oct 11 after the Trump administration blacklisted 28 Chinese companies, including AI firms, over human rights concerns. However, CNBC reported that the White House denied SCMP news.
Per several financial experts and market watchers, even a temporary trade truce between the two largest trading nations of the world will be a big boost for investors. The meeting between Trump and Liu He is crucial because the U.S. government is scheduled to hike tariff rate from 25% to 30% on $250 billion Chinese goods effective Oct 15.
Powell Hints at Third Rate Cut
On Oct 8, Jerome Powell gave signals of a possible third rate cut this month. The FOMC is scheduled to meet on Oct 28-29. Powell cited slowdown in job growth rate and muted inflation along with global economic slowdown due to lingering U.S.-China trade war as the primary reasons for a likely third rate cut this year.
Notably, the central bank has already reduced the benchmark lending interest rate by 50 basis points in two equal tranches in July and September. The Fed lowered the benchmark interest rate for the first time in more than 11 years. Notably, President Trump is also a vocal supporter of further reduction in interest rate in order to realize the full effect of fiscal measures taken by his administration.
5 Stocks Set to Beat on Q3 Earnings
At this stage, it will be prudent to invest in stocks with a favorable Zacks Rank and positive Zacks Investment Research
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