The Zacks Analyst Blog Highlights: Verizon Communications, Apple, Biogen, Boeing and Caterpillar

Zacks

For Immediate Release
 
Chicago, IL – July 28, 2014 – 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 Verizon Communications Inc. (VZ-Free Report), Apple (AAPL-Free Report) Biogen (BIIB-Free Report), Boeing Company (BA-Free Report) and Caterpillar Inc. (CAT-Free Report).
 
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday’s Analyst Blog:

Dow 30 Stock Roundup
 
The Dow had a dismal week, weighed down by disparate factors. The blue chip index moved lower on Monday, as investors remained wary due to international tensions. The Dow gained on Tuesday following encouraging housing data and upbeat earnings. Dismal data from key Dow components pushed the blue chip index lower on Wednesday.
 
The Dow dropped marginally on Thursday following mixed corporate results and economic data. Despite these reverses, the Dow has gained 0.19% during the first four trading days.

The Dow This Past Week

Benchmarks settled in the red on Monday as investors remained cautious following international tensions. Ongoing geopolitical developments kept investors jittery. Israel stepped up its ground offensive in Gaza strip. Israel’s move came despite growing international pressure for a cease-fire. The day was devoid of any major economic data and corporate earnings results that could have impacted the markets. The Dow lost 0.3%.

The Dow advanced nearly 0.4% on Tuesday following encouraging housing data and upbeat corporate earnings results. Investors were encouraged by strong existing home sales data that rose 2.6% to a seasonally adjusted annual rate of 5.04 million in June from May’s upwardly-revised figure of 4.91 million. This was the highest level recorded since Oct 2013. Earnings results from Verizon Communications Inc. (VZ-Free Report) were also encouraging.

Upbeat quarterly results from healthcare and technology companies helped benchmarks finish mostly higher on Wednesday.  Apple (AAPL-Free Report) and Biogen’s (BIIB-Free Report) impressive quarterly performances helped the S&P 500 and the Nasdaq close in the green. However, analysts took a dim view of The Boeing Company’s (BA-Free Report) results and Caterpillar Inc. (CAT-Free Report) reported weak monthly sales, leading to losses for the blue-chip index. The Dow lost nearly 0.2%.

The Dow dropped a meager 0.02% on Thursday as investors received mixed corporate results and economic data.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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