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Analyst Reports for Facebook, Bank of America & ConocoPhillips

Sheraz Mian

Wednesday, January 11 2017

Today's Research Daily features new research reports on 16 major stocks, including Bank of America (BAC), Facebook (FB) and ConocoPhillips (COP).

Bank of America shares have been one of the biggest beneficiaries of the changed macro backdrop following the election, which includes expectations of faster economic growth and overhaul of the country's tax and regulatory systems. The resulting uptrend in interest rates promises to give bank stocks in general and Bank of America in particular a big boost. No doubt, Bank of America shares have been strong performers since the election - up +34.9% since November 8th vs. +21.8% gain for the Zacks Major Banks industry in that time period, but the analyst still sees plenty of upside in this Buy-rated stock. (You can read the full research report on Bank of America here>>>)

Facebook shares haven't done much since the November election, but the stock handily outperformed the Tech sector as well as the broader market last year. The company reports on February 1st, with estimates steadily going up; the stock is currently rated Strong Buy reflecting the company's status as a Technology powerhouse with an enviable future earnings potential remains unchanged. Driving this is the company’s huge user and advertiser base, higher engagement levels along with monetization opportunities presented by the Instagram, Oculus, Messenger and WhatsApp properties. (You can read the full research report on Facebook here >>>)

ConocoPhillips shares have increased nearly in line with major U.S. oil and gas integrated companies over the past one year, gaining +23.4%. The analyst stresses that Buy rated 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. During 2016, ConocoPhillips generated as much as $1.3 billion from its asset divestment program. (You can read the full research report on ConocoPhillips here>>>)

Other noteworthy reports we are featuring today include Apple (AAPL), Abbott (ABT) and Dow Chemical (DOW).

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Sheraz Mian

Director of Research

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here >>>

Today's Must Read

BofA (BAC) Remains Well Placed for Enhanced Profitability

Facebook's (FB) Mobile, Live video Efforts Are Big Positives

ConocoPhillips (COP) Raises $1.3B Through Asset Sale in 2016

Featured Reports

Adobe (ADBE) to Benefit from the Acquisition of TubeMogul

The Zacks analyst believes that the acquisition of TubeMogul will help Adobe strengthen its foothold in the digital marketing space.

Prologis' (PLD) Build-to-Suit Activity Impress, Supply a Woe

The covering analyst thinks Prologis' build-to-suit activity remained solid in 2016, with the company completing 34 projects.

UBS Group AG (UBS) Targets Cost Savings; Solid Capital Base

The Zacks analyst thinks cost control efforts remained a key strength at UBS Group AG with target of CHF 2.1 billion in net cost reductions by 2017.

Teladoc (TDOC) Penetrates Telehealth Industry, Losses Stay

The covering analyst believes that Teladoc's business is growing steadily with increasing acceptance of telehealth.

Abbott (ABT) Strengthens Portfolio With St. Jude Buyout

The Zacks analyst thinks Abbott Labs has reshaped its portfolio through strategic acquisitions/divestitures.

Dollar Tree (DLTR) Gains from Long Term Growth Strategies

The Zacks analyst thinks Dollar Tree is gaining from its long-term growth strategies focused on store expansion, productivity enhancement, exploring new markets and adding innovative sales channels.

International Paper's (IP) Inorganic Growth Mired with Risks

Although International Paper has augmented its pulp business with the Weyerhaeuser acquisition, strength in US dollars and soft global macroeconomic conditions has affected its performance.

New Upgrades

CenterPoint Energy (CNP) Benefits from Steady Customer Growth

The Zacks analyst thinks the trend of increasing customer count will to continue in the future given the economic recovery in Houston, which will subsequently boost the company's utility demand.

Penske Automotive (PAG) Gains from Recent Acquisition

The covering analyst thinks Penske's acquisitions of CarShop in the U.K. & CarSense in the U.S. will strengthen its position in 2 of the largest markets, leading to enhanced growth opportunities.

Deutsche Bank (DB) Poised to Growth on Strategy 2020 Plan

The Zacks analyst remains optimistic about Deutsche Bank's improving revenues and cost control efforts. Also, the company's new initiative - Strategy 2020 is likely to aid overall growth.

New Downgrades

Barrick (ABX) Faces Falling Reserves and Pressure on Sales

The Zacks analyst believes Barrick faces concerns due to pressure on the top line, falling reserves and the sluggish economy in Europe.

Dow (DOW) Still Faces Pricing and Currency Headwinds

The covering analyst thinks Dow continues to face pricing pressures and currency headwinds along with sluggish global activity and weakness in the energy market.

Apple's (AAPL) iPhone Troubles Continue Unabated

The Zacks analyst thinks though Apple is working on other offerings, these are not yet strong enough to lower its dependence on the iPhone, which faces growth issues.

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Facebook, Inc. (FB): Free Stock Analysis Report
Dow Chemical Company (The) (DOW): Free Stock Analysis Report
ConocoPhillips (COP): Free Stock Analysis Report
Bank of America Corporation (BAC): Free Stock Analysis Report
Abbott Laboratories (ABT): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
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