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The Zacks Analyst Blog Highlights: Coca-Cola, Oracle, Chevron, Boeing and 3M

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Zacks Equity Research
·5 min read
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For Immediate Release

Chicago, IL – December 16, 2020 – 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 Coca-Cola Company KO, Oracle Corporation ORCL, Chevron Corporation CVX, The Boeing Company BA and 3M Company MMM.

Here are highlights from Tuesday’s Analyst Blog:

Top Stock Reports for Coca-Cola, Oracle and Chevron

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Coca-Cola, Oracle and Chevron. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Coca-Cola shares have underperformed the Zacks Soft Drinks Beverages industry in the year to date period (-2.8% vs. +0.3%). The Zacks analyst believes that Coca-Cola has been witnessing a surge in e-commerce with the growth rate of the channel doubling in many countries due to a shift in consumer behavior due to the coronavirus pandemic.

The company’s third-quarter revenues and volume reflected improved trends from the second quarter. It is poised to gain from the streamlining of portfolio and accelerating investments to expand digital presence due to shift in consumer preference.

However, continued pressures in the away-from-home channel, which account for nearly half of its revenues, hurt revenue growth. It also lost global value share in NARTD beverages on negative channel mix. 

(You can read the full research report on Coca-Cola here >>>)

Shares of Oracle have gained +13.5% over the past year against the Zacks Computer Software industry’s gain of +31.3%. The Zacks analyst believes that Oracle is benefiting from upbeat cloud business on solid adoption of data cloud solutions, ERP and Autonomous Database offerings.

Strong uptake of cloud-based solutions, comprising NetSuite ERP, Fusion ERP and Fusion HCM, aided revenue growth. Also, companies like MercadoLibre, Xactly, 8x8 and Zoom Video have selected Oracle Cloud Infrastructure services to address business needs, which is a testament to the strength of its cloud offerings.

Solid demand for the Oracle Dedicated Region Cloud@Customer supported by ML is anticipated to drive the top line. However, rise in spend on product enhancements amid stiff competition in the cloud market is likely to limit margin expansion.

(You can read the full research report on Oracle here >>>)

Chevron’s shares have lost -5.3% over the past six months against the Zacks Integrated Oil industry’s fall of -2.4%. The Zacks analyst believes that Chevron is not immune to commodity price crash, forcing it to cut capital spending and suspend buybacks. The company’s high oil price sensitivity is a concern too.

Moreover, the supermajor’s reserve replacement ratio of 44% is indicative of its inability to add proved reserves to replace the amount of oil and gas produced. However, the company not only eked out a Q3 profit, it vowed to keep its dividend and reported impressive U.S. production growth thanks to strength in the Permian Basin.

Chevron’s Noble Energy takeover has expanded its footprint in the DJ Basin and the Permian Basin along with the addition of cash-generating offshore assets in Israel.

(You can read the full research report on Chevron here >>>)

Other noteworthy reports we are featuring today include Boeing and 3M Company.

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Although marijuana stocks did better as the pandemic took hold than the market as a whole, they’ve been pushed down. This is exactly the right time to get in on selected strong companies at a fraction of their value before COVID struck. Zacks’ Special Report, Marijuana Moneymakers, reveals 10 exciting tickers for urgent consideration.

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Media Contact

Zacks Investment Research

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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The Boeing Company (BA) : Free Stock Analysis Report
 
Chevron Corporation (CVX) : Free Stock Analysis Report
 
3M Company (MMM) : Free Stock Analysis Report
 
Oracle Corporation (ORCL) : Free Stock Analysis Report
 
CocaCola Company The (KO) : Free Stock Analysis Report
 
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