Top Research Reports For JPMorgan, Hershey & ADP
Zacks Investment Research | Nov 03, 2016 01:32AM ET
Thursday, November 3, 2016
Today's Research Daily features new research reports on 16 major stocks, including JPMorgan (NYSE:JPM), Automatic Data Processing (ADP), and Hershey (HSY). You can see
JPMorgan shares have stood out from the peer group in the year-to-date period, with the strong Q3 results adding to the stock's momentum. The Q3 outperformance reflected improved trading revenues, higher mortgage banking fees, growth in investment banking income and a rise in net interest income. The analyst likes JPMorgan’s solid loan growth, synergies from retail banking performance and cost-containment efforts to help offset the continued drag from the Fed-inspired low interest rate environment. Also, the energy sector headwind seems to be easing with a rebound in oil prices. (You can )
Automatic Data Processing shares have jumped following the company's better-than-expected results, with the stock now up more than 6% year-to-date. The analyst emphasizes that it holds a dominant position in the payroll processing and human capital management market, primarily due to its robust product portfolio. The company has been benefiting from the surge in demand for its offerings because of the Affordable Care Act mandate. This apart, its higher revenue per client and lower cost of operations place it in an advantageous position. Its stable business, solid free cash flow and high dividend rate also make it lucrative to investors. (You can )
The outlook for buy-rated Hershey has improved following the quarterly report and raised guidance. The analyst stresses that sales were up 2%, marking the second straight quarter of increases after four quarters with no growth. Its North America category improved while the International segment saw profits for the first time since fourth-quarter 2014. Although China and India remain a drag, momentum in Brazil and Mexico raises hope. (You can )
Other noteworthy reports we are featuring today include Hasbro (NASDAQ:HAS), Blackstone (NYSE:BX) and Eni SpA (E).
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Sheraz Mian
Director of Research
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Today's Must Read/h6
Featured Reports/h6
Strong product line-up, strategic initiatives and expansion plans should help the company fight costs and currency woes.
The covering analyst believes that weak oil and gas prices led to Eni's wider-than-expected quarterly loss. Nonetheless, the company expects 2016 output to remain flat with 2015 due to field startups.
According to the Zacks analyst, growth in revenues and assets under management in Q3 depicts improving profitability for Blackstone going forward.
Earnings were adversely affected by adverse foreign exchange rate, charges related to FTC, and softness in some of its markets, but its digital platform reflected strong growth.
The Zacks analyst believes that weak quarterly performance should not be seen as a negative for the proposed merger.
The Zacks analyst believes that Goodyear is benefiting from lower raw material costs.
The Zacks analyst believes strong product portfolio, acquisitions and foray into data centers is likely to drive future growth
Strong product line-up, strategic initiatives and expansion plans should help the company fight costs and currency woes.
The covering analyst believes that weak oil and gas prices led to Eni's wider-than-expected quarterly loss. Nonetheless, the company expects 2016 output to remain flat with 2015 due to field startups.
According to the Zacks analyst, growth in revenues and assets under management in Q3 depicts improving profitability for Blackstone going forward.
Earnings were adversely affected by adverse foreign exchange rate, charges related to FTC, and softness in some of its markets, but its digital platform reflected strong growth.
The Zacks analyst believes that weak quarterly performance should not be seen as a negative for the proposed merger.
The Zacks analyst believes that Goodyear is benefiting from lower raw material costs.
The Zacks analyst believes strong product portfolio, acquisitions and foray into data centers is likely to drive future growth
New Upgrades/h6
The Zacks analyst believes that Tessera will continue to benefit from its strength in the DRAM market. FotoNation and Bond Via Array (BVA) technology and acquisition benefits are the other positives.
The covering analyst is pleased with Harris' better-than-expected results. The move to sell the CapRock Communications business is another positive.
Despite the earnings and revenues miss in Q3, KBR's thriving government business and opportunities in LNG domain signals bright prospects. Also, the diversified backlog adds to its strength.
The Zacks analyst believes that Tessera will continue to benefit from its strength in the DRAM market. FotoNation and Bond Via Array (BVA) technology and acquisition benefits are the other positives.
The covering analyst is pleased with Harris' better-than-expected results. The move to sell the CapRock Communications business is another positive.
Despite the earnings and revenues miss in Q3, KBR's thriving government business and opportunities in LNG domain signals bright prospects. Also, the diversified backlog adds to its strength.
New Downgrades/h6
According to the Zacks analyst, softness in the office products sector and stiff competition from online retailers continued to mar results in Q3.
DNB's Q3 revenues were hit by loss of a government contract. The covering analyst feels that though Americas business is strong, weak international business and high debt can mar DNB's growth prospects.
The Zacks analyst believes that American Financial's third-quarter underperformance resulted from lower Specialty P&C underwriting profit and weak segmental performance.
According to the Zacks analyst, softness in the office products sector and stiff competition from online retailers continued to mar results in Q3.
DNB's Q3 revenues were hit by loss of a government contract. The covering analyst feels that though Americas business is strong, weak international business and high debt can mar DNB's growth prospects.
The Zacks analyst believes that American Financial's third-quarter underperformance resulted from lower Specialty P&C underwriting profit and weak segmental performance.
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