The Zacks Analyst Blog Highlights: General Dynamics, EOG Resources, Abbott, Northrop Grumman and Symantec
For Immediate Release
Chicago, IL – May 17, 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 General Dynamics (NYSE: GD – Free Report ), EOG Resources (NYSE: EOG – Free Report ), Abbott (NYSE: ABT – Free Report ), Northrop Grumman (NYSE: NOC – Free Report ) and Symantec (NASDAQ: SYMC – Free Report ).
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Here are highlights from Tuesday’s Analyst Blog:
Analyst Reports for Abbott Labs, EOG Resources, General Dynamics & More
Today's Research Daily features new research reports on 16 major stocks, including General Dynamics (NYSE: GD – Free Report ), EOG Resources (NYSE: EOG – Free Report ) and Abbott (NYSE: ABT – Free Report ). 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 >>>
General Dynamics ’ shares have gained +34.6% over the last one year, outperforming the Zacks Aerospace - Defense industry, which increased +20.8% over the same period. The Zacks analyst likes the improved outlook for the company's broad portfolio of products and services given the administration's plans for material spending increases. The expectation is for solid growth momentum post 2017, following the introduction of G500 in 2018, major revenue recognition from Combat Systems’ huge backlog and the Ohio-class Replacement (ORP) submarine program, which should add substantially to the top line by 2019. On the flip side, any slip up in the Trump administration's commitment to raise defense spending remains a headwind for this company as well as many of its peers. Valuation has become an issue as well following the stock's aforementioned run up. (You can read the full research report on General Dynamics here >>> )
EOG Resources shares have gained around +16.1% over the last one year, outperforming the Zacks Oil & Gas E&P Industry, which has lost -9.3% over the same period. The Zacks analyst likes the fact that EOG Resources has premium acreages in three prospective oil plays in the U.S like Permian, Bakken and Eagle Ford shale plays. The company has also decided to complete more wells in 2017, which should contribute to production growth. However, significantly higher exploration expenses incurred during the first three months of this year is cause for concern even though Q1 results were better than expected on the back of volume gains and improved realizations. (You can read the full research report on EOG Resources here >>> )
Abbott shares have outperformed the Zacks Medical sector in the year-to-date period (the stock is up +14% vs. +7.7% gain for the sector) on the back of greater appreciation for the company's strategic repositioning through acquisitions/divestitures. The St. Jude Medical buyout will complement its cardiovascular devices business. Also, the company’s plans to focus on selling its portfolio in core therapeutic areas. Meanwhile, weakness in the nutrition business in China and sluggish growth in the Venezuelan market is a concern. (You can read the full research report on Abbott here >>> )
Other noteworthy reports we are featuring today includeNorthrop Grumman (NYSE: NOC – Free Report ) and Symantec (NASDAQ: SYMC – 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.
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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General Dynamics Corporation (GD): Free Stock Analysis Report
EOG Resources, Inc. (EOG): Free Stock Analysis Report
Abbott Laboratories (ABT): Free Stock Analysis Report
Northrop Grumman Corporation (NOC): Free Stock Analysis Report
Symantec Corporation (SYMC): Free Stock Analysis Report
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