The Zacks Analyst Blog Highlights: Broadcom, PNC Financial Services, ConocoPhillips, General Dynamics and Sinopec
For Immediate Release
Chicago, IL – December 02, 2016 – 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 Broadcom (NASDAQ:AVGO –Free Report),PNC Financial Services (NYSE:PNC –Free Report),ConocoPhillips (NYSE:COP –Free Report),General Dynamics (NYSE:GD –Free Report) and Sinopec (NYSE:SNP – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Friday
Today's Research Daily features new research reports on 16 major stocks, including Broadcom (NASDAQ:AVGO – Free Report), PNC Financial Services (NYSE:PNC – Free Report) and ConocoPhillips (NYSE:COP – Free Report).
Buy rated Broadcom shares have handily beaten the technology sector as well as the broader market in the year-to-date period, but lag the red-hot semiconductor space. The analyst likes the synergistic benefits gained from the merger with Avago, which will drive future profitability. In addition, the company maintains an efficient global supply chain with a variable, low-cost operating model that enables it to maintain sustainable revenue growth and expand margins. Broadcom is expected to benefit from rapid increases in data center IP and mobile data traffic to emerge as the undisputed leader in the enterprise storage market. The stock currently carries Zacks Rank # 2 (Buy), with a VGM Score of 'B'. (You can read the full research report on Broadcom here>>)
PNC Financial Services shares lagged the S&P 500 index through last month's election, but have turned around in a notable way since November 8th, as have other bank stocks. The stock is up more than 14% since the election, outperforming both the Finance sector as well as the broader market. Driving the stock is the recent upturn in long-term interest rates and expectations of regulatory overhaul. While these favorable macro developments are helpful to all banks, the analyst likes PNC for its cost saving initiatives and consistent growth in loans and deposits and fee income. (You can read the full research report on PNC Financial Services here>> )
ConocoPhillips shares have surpassed those of major U.S. oil and gas integrated companies over the past one year, gaining nearly 4%. The analyst stresses that ConocoPhillips is touted to be the largest exploration and production player in the world, based on proved reserves and production. OPEC's recent decision to cut production for the first time since 2008 is likely to assist the global oil prices to stabilize and further improve ConocoPhillips stock price. Multinational oil enterprises (like COP), on the back of greater certainty, will now be able revive spending on drilling activities. Improvement on the cost front is another positive. However, until the uncertainty and volatility in oil prices subside, there is limited upside from current levels. (You can read the full research report on ConocoPhillips here>>)
Other noteworthy reports we are featuring today include General Dynamics (NYSE:GD –Free Report) and Sinopec (NYSE:SNP – Free Report).
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About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
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Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
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BROADCOM LTD (AVGO): Free Stock Analysis Report
PNC FINL SVC CP (PNC): Free Stock Analysis Report
CONOCOPHILLIPS (COP): Free Stock Analysis Report
GENL DYNAMICS (GD): Free Stock Analysis Report
CHINA PETRO&CHM (SNP): Free Stock Analysis Report
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