The Zacks Analyst Blog Highlights: Visa, General Electric, GlaxoSmithKline, Morgan Stanley and Abbott Laboratories
For Immediate Release
Chicago, IL – May 30, 2017 – 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 Visa (NYSE:V – Free Report ), General Electric Company (NYSE: GE – Free Report ), GlaxoSmithKline plc (NYSE: GSK – Free Report ), Morgan Stanley (NYSE: MS – Free Report ) and Abbott Laboratories (NYSE: ABT – Free Report ).
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Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Tuesday: Visa, GE, Glaxo & More
Today's Research Daily features new research reports on 16 major stocks, including Visa (NYSE:V – Free Report ), General Electric Company (NYSE: GE – Free Report ) and GlaxoSmithKline plc (NYSE: GSK – Free Report ). You can see all of today’s research reports here >>>
Visa shares have outperformed the Zacks Financial Transaction Services industry as well as MasterCard in the year-to-date period (Visa is up +21.7% vs. +17.8% gain for MA and +16.8% for the industry). Driving this momentum is the acknowledgement that Visa's brand, global network, and leading market share position it to be a key beneficiary of the secular global shift to electronic transactions. Initial concerns about a changing competitive landscape, large on account of new payment options, have also started receding. The company's strong results in recent quarters reflect this favorable backdrop. On the flip side, forex volatility, increased client incentives and global economic uncertainty are some of the headwinds (You can read the full research report on Visa here >>> ).
General Electric shares have been laggards for a while now; the stock has underperformed the S&P 500 index in the year-to-date (-13.2% vs. +8.2%), trailing one year, 2 years or even 5-year periods. This has rattled long-term investors and made them skeptical of management plans to turn the conglomerate around. The stock was down following the Q1 earnings release and management's cautious commentary about the business outlook since then hasn't helped matters much. The Baker Hughes purchase should close soon, but management has been less than enthusiastic about that business' near-term outlook despite indications that activity levels may have bottomed in the oil patch already. As gloomy as all of this looks, we have acknowledge the limited downside risks at this stage, given the very attractive dividend (currently yielding a juicy 3.5%) and very reasonable valuation. The stock has historically traded in-line with the S&P 500 index, but currently trades at a big discount to the index. (You can read the full research report on General Electric here >>> ).
GlaxoSmithKline shares have performed in-line with the Zacks Large Cap Pharmaceuticals industry over the year-to-date period, gaining +10.7% versus the industry’s +10.7% increase. Persistent challenges like stiff competition, genericization and pricing pressure along with slowing growth in emerging markets have been impacting the company’s performance. In particular, pricing dynamics and competitive pressure are hurting sales of its top-selling drug Advair. On the other hand, the Zacks analyst pointed out that performance of its new products as well as of those acquired from Novartis has been encouraging. Glaxo reported mixed Q1 results with earnings meeting the mark and sales beating the same (You can read the full research report on GlaxoSmithKline here >>> ).
Other noteworthy reports we are featuring today include Morgan Stanley (NYSE:MS – Free Report ) and Abbott Laboratories (NYSE: ABT – Free Report ).
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
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Strong Stocks that Should Be in the News
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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