The Zacks Analyst Blog Highlights: Procter & Gamble, United Technologies, Boeing, Merck & Co. And Apple
Zacks Investment Research | Oct 20, 2019 10:38PM ET
For Immediate Release
Chicago, IL –October 21, 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: The Procter & Gamble Co. (NYSE:PG) , United Technologies Corp. (NYSE:UTX) , The Boeing Co. (NYSE:BA) , Merck & Co. Inc. (NYSE:MRK) and Apple Inc. (NASDAQ:AAPL) .
Here are highlights from Friday’s Analyst Blog:
5 Dow Stocks Poised to Beat Earnings This Month
U.S. stocks are northbound since the beginning of 2019 barring some fluctuations. After completing the best first half in more than two decades, all three major stock indexes -- the Dow, S&P 500 and Nasdaq Composite -- recorded their fresh all-time highs in July. Wall Street still has something to offer irrespective of the fact that the bull run is in its eleventh year.
Dow Firmly in the Green Despite Fluctuations
Just like Wall Street, the Dow is feeling the weight of intensifying trade conflict between the United States and China this month. The index is showing regular fluctuations in the third quarter of 2019.
Despite severe market volatility, the Dow is still in positive territory with a gain of 15.9% year to date. This is an excellent performance after a disappointing 2018, when the blue-chip index lost nearly 6%. Moreover, 18 components of the 30-stock index have given double-digit returns so far this year.
On Oct 17, the Dow closed at 27,025.88, well above its 50-day and 200-day moving averages of 26,454.45 and 25,980.79, respectively. In financial literature, the 50-day moving average line is generally recognized as the short-term trend setter, while the 200-day moving average is considered as a long-term trend setter.
It is widely recognized in the technical analysis space that whenever the 50-day moving average line surges ahead of the 200-day moving average line, a long-term uptrend for the index becomes a strong possibility.
Better-Than-Expected Third-Quarter Earnings So Far
As of Oct 16, 43 S&P 500 members reported third-quarter earnings results. Total earnings for these index members are down 3.8% from the same period last year on 3.7% higher revenues. Notably, 83.7% companies surpassed EPS estimates while 60.5% beat revenue estimates.
At present, total third-quarter earnings for the S&P 500 Index are expected to be down 4.1% from the prior-year period on 4.3% higher revenues. This is a good improvement from an earnings decline of 5% on 4.2% higher revenues, expected in the beginning of the reporting cycle. (Read More: Zacks Investment Research
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