Top Research Reports For August 23, 2016
Zacks Investment Research | Aug 22, 2016 11:26PM ET
Tuesday, August 23, 2016
Today's must-read reports are for United Parcel Service (NYSE:UPS), EOG Resources (NYSE:EOG) Dominion Resources (NYSE:D).
UPS shares have been strong performers this year (up more than 14% year-to-date) on the back consistent expansion across major destinations worldwide and sustained investments aimed at improving operations. The company recently announced the expansion of UPS Worldwide Express Freight service in over nine global destinations. However, concerns over the adverse impact of foreign exchange, intense competition, and macroeconomic risks remain. (You can )
Oil prices have weakened a bit lately, but they are up impressively from the February lows. This improved commodity-price backdrop has benefited all oil producers, particularly EOG Resources (the stock is up more than 28% year-to-date). The analyst likes the company’s large portfolio of high-return projects and strong technical competence. EOG’s confidence level in the Eagle Ford remains high and even with the implementation of tighter well spacing last year, individual well performance remains outstanding. However, weak commodity prices and lower production during the reported quarter are major concerns. (You can here>> )
Dominion Resources is involved in every aspect of the energy business - it produces nature gas, operates storage facilities for the commodity and is also a regulated utility paying an attractive dividend currently yielding 3.7%. The analyst likes the company’s organic and inorganic growth strategies, which are likely to fuel growth. An expanding customer base should have a positive impact on Dominion’s performance in the future. In addition, the extension of investment tax credit will benefit its solar facilities. (You can here .)
Other noteworthy reports we are featuring today include FedEx (NYSE:FDX), Tesla (NASDAQ:TSLA) and Monster Beverage (NASDAQ:MNST).
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Sheraz Mian
Director of Research
Today's Must Read/h6
Featured Reports/h6
The Zacks analyst thinks same store cash net operating income growth and investments aided the Q2 beat.
The covering analyst thinks a solid portfolio, high efficiency and capital-recycling efforts will drive growth. Yet, dilutive impact of asset sales and raised supply in some markets pose concerns.
The Zacks analyst thinks efforts toward improving comps, investing in direct-to-consumer business, enhancing productivity and optimizing the inventory level boosted second quarter results.
The covering analyst thinks Tesla's Master Plan, international expansion, rising production & investment in infrastructure should offset headwinds.
GM' Chevrolet will launch all-new compact midsize sedan in China, under the Cavalier nameplate.
The Zacks analyst believes Baker Hughes has a leading position in the North American oilfield services market and has held up amid the decline in rig count.
The Zacks analyst thinks solid sales performance in Q2 was driven by strong domestic and international customer demand for Monster Energy brand energy drinks.
The Zacks analyst thinks same store cash net operating income growth and investments aided the Q2 beat.
The covering analyst thinks a solid portfolio, high efficiency and capital-recycling efforts will drive growth. Yet, dilutive impact of asset sales and raised supply in some markets pose concerns.
The Zacks analyst thinks efforts toward improving comps, investing in direct-to-consumer business, enhancing productivity and optimizing the inventory level boosted second quarter results.
The covering analyst thinks Tesla's Master Plan, international expansion, rising production & investment in infrastructure should offset headwinds.
GM' Chevrolet will launch all-new compact midsize sedan in China, under the Cavalier nameplate.
The Zacks analyst believes Baker Hughes has a leading position in the North American oilfield services market and has held up amid the decline in rig count.
The Zacks analyst thinks solid sales performance in Q2 was driven by strong domestic and international customer demand for Monster Energy brand energy drinks.
New Upgrades/h6
The Zacks analyst thinks higher consumers' brand loyalty, new acquisitions and operational efficacy are driving results. Based on the bullish trends, the earnings guidance has been raised for fiscal 2016.
Besides the Q3 earnings beat, the covering analyst is upbeat on Applied Materials' strength in the silicon business, efficient resource utilization and strong position in China.
The Zacks analyst believes that Liberty Media's investments in Charter Communications (NASDAQ:CHTR) and Sirius XM will bring lucrative returns.
The Zacks analyst thinks higher consumers' brand loyalty, new acquisitions and operational efficacy are driving results. Based on the bullish trends, the earnings guidance has been raised for fiscal 2016.
Besides the Q3 earnings beat, the covering analyst is upbeat on Applied Materials' strength in the silicon business, efficient resource utilization and strong position in China.
The Zacks analyst believes that Liberty Media's investments in Charter Communications (NASDAQ:CHTR) and Sirius XM will bring lucrative returns.
New Downgrades/h6
Even though positive on the acquisition of TNT Express, the covering analyst believes that costs related to the deal will hurt results in the near-term.
The Zacks analyst thinks a slowdown in consulting firm spending, coupled with increasing competition from cloud-based enterprise solutions, has been hurting Infosys' traditional outsourcing business.
According to the covering analyst, despite the Q2 earnings beat, higher expenses related to acquired outdoor advertising assets could reduce Lamar's free cash flow and strain its margins.
Even though positive on the acquisition of TNT Express, the covering analyst believes that costs related to the deal will hurt results in the near-term.
The Zacks analyst thinks a slowdown in consulting firm spending, coupled with increasing competition from cloud-based enterprise solutions, has been hurting Infosys' traditional outsourcing business.
According to the covering analyst, despite the Q2 earnings beat, higher expenses related to acquired outdoor advertising assets could reduce Lamar's free cash flow and strain its margins.
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