Top Research Reports For Apple, Allergan & Occidental Petroleum
Zacks Investment Research | Aug 28, 2016 10:49PM ET
Monday, August 29, 2016
Today's Research Daily features 16 fresh analyst reports on major stocks, including Allergan (NYSE:AGN_pa) (AGN), Occidental Petroleum (NYSE:OXY) and Apple (NASDAQ:AAPL). These research reports have been hand-picked from the roughly 75 research reports issued by our analyst team today. You can see the full list of today's research reports here >>>
Apple shares have lagged the broader market lately on concerns about the iPhone maker's long-term growth trajectory, particulalry with questions about China not going away. These issues notwithstanding, the company remains optimistic about growth in regions like India and a decent rebound in China with the coming iPhone 7 launch, with growth getting a boost from the upgrade cycle even in mature markets. The stock should be attractive to value-oriented investors as well given the company's reasonable valuation and impressive track record of returning excess cash to shareholders through buybacks and dividends. (You can here>> )
Allergan has been through so many transformative M&A transactions over the last few years that it has little in common with what it was just a couple of years back. The recent sale of the generics business to Teva is expected to increase focus on the branded portfolio and also use the proceeds for share buybacks and strenthening the balance sheet. Market participants appear skeptical of Allergan's near-term direction, as reflected in the stock's recent uderperformance The analyst discusses the pros & cons of investing in Allergan shares at this level. (You can here>> )
Occidental Petroleum shares will continue to move inline with oil prices, as is the case with all the other producers. But what distinguishes Occidental from other producers is its strong balance sheet and positive production growth profile despite a very disciplined capital program. The company's stable chemical and mid-stream assets add to its allure, as is its safe (and growing) dividend, currently yielding 3.9%. We have long liked Occidental as a long-term holding and have it in the Zacks Focus List as well. (You can here>> )
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Today's Must Read/h6
Featured Reports/h6
Molson Coors' Q2 earnings missed the Zacks Consensus Estimate, while revenues beat the same. The Zacks analyst thinks that the company's weak sales volume trends will offset the cost savings efforts.
The Zacks analyst thinks sales in the quarter were hurt by below-trend shipment growth due to extremely wet weather and slower than expected large project starts in the quarter.
The covering analyst thinks American Capital's acquisition of its external manager will reduce operating costs and raise shareholders' value.
The Zacks analyst believes that Netflix's growth will eventually come from International markets. Also, the company's investment in original/acquired content will be accretive to long-term growth.
The covering analyst believes that Texas Instruments should gain from the secular strength in the auto and industrial markets, stronger product mix and higher 300mm capacity coming online.
The Zacks analyst believes that strategic acquisitions and organic growth projects will drive performance.
The Zacks analyst believes that after its recent merger with Time Warner Cable and BrightHouse Networks, Charter Communications (NASDAQ:CHTR) has positioned itself to be a powerhouse in the Ethernet market.
Molson Coors' Q2 earnings missed the Zacks Consensus Estimate, while revenues beat the same. The Zacks analyst thinks that the company's weak sales volume trends will offset the cost savings efforts.
The Zacks analyst thinks sales in the quarter were hurt by below-trend shipment growth due to extremely wet weather and slower than expected large project starts in the quarter.
The covering analyst thinks American Capital's acquisition of its external manager will reduce operating costs and raise shareholders' value.
The Zacks analyst believes that Netflix's growth will eventually come from International markets. Also, the company's investment in original/acquired content will be accretive to long-term growth.
The covering analyst believes that Texas Instruments should gain from the secular strength in the auto and industrial markets, stronger product mix and higher 300mm capacity coming online.
The Zacks analyst believes that strategic acquisitions and organic growth projects will drive performance.
The Zacks analyst believes that after its recent merger with Time Warner Cable and BrightHouse Networks, Charter Communications (NASDAQ:CHTR) has positioned itself to be a powerhouse in the Ethernet market.
New Upgrades/h6
The Zacks analyst thinks Big Lots' impressive earnings surprise history, continuous comps growth and an encouraging earnings outlook suggests that the company's strategic efforts bode well
The covering analyst is impressed with Kinross' efforts to advance its key projects that will contribute to its future growth. The company should also gain from its cost management initiatives.
The Zacks analyst thinks that U.S. Steel should gain from healthy automotive demand, actions to improve cost structure through the Carnegie Way program and improved steel prices in second-half 2016.
The Zacks analyst thinks Big Lots' impressive earnings surprise history, continuous comps growth and an encouraging earnings outlook suggests that the company's strategic efforts bode well
The covering analyst is impressed with Kinross' efforts to advance its key projects that will contribute to its future growth. The company should also gain from its cost management initiatives.
The Zacks analyst thinks that U.S. Steel should gain from healthy automotive demand, actions to improve cost structure through the Carnegie Way program and improved steel prices in second-half 2016.
New Downgrades/h6
The Zacks analyst thinks stiff competition and cautious consumer spending are weighing on Dollar General's performance, with both top and bottom lines missing our estimates in second-quarter fiscal 2016.
The covering analyst believes that currency remains a drag on PPG's top line. The company is also exposed to several macroeconomic challenges and weakness across certain markets.
The Zacks analyst thinks volatile raw material prices and stronger dollar will weigh on Pentair's results. Uncertainty in industrial business and weakening energy business also remain headwinds.
The Zacks analyst thinks stiff competition and cautious consumer spending are weighing on Dollar General's performance, with both top and bottom lines missing our estimates in second-quarter fiscal 2016.
The covering analyst believes that currency remains a drag on PPG's top line. The company is also exposed to several macroeconomic challenges and weakness across certain markets.
The Zacks analyst thinks volatile raw material prices and stronger dollar will weigh on Pentair's results. Uncertainty in industrial business and weakening energy business also remain headwinds.
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