The Zacks Analyst Blog Highlights: Johnson & Johnson, Thermo Fisher, Goldman Sachs, Oracle and Accenture
For Immediate Release
Chicago, IL – November 29, 2018 – 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 Johnson & Johnson JNJ, Thermo Fisher TMO, Goldman Sachs GS, Oracle ORCL and Accenture ACN.
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Here are highlights from Wednesday’s Analyst Blog:
Top Analyst Reports for Johnson & Johnson, Thermo Fisher and Goldman Sachs
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 Johnson & Johnson, Thermo Fisher and Goldman Sachs. 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 >>>
Buy-ranked Johnson & Johnson's shares have outperformed the Zacks Large Cap Pharmaceuticals in the past six months, gaining +20% vs. +14.5%. J&J’s Pharma segment is performing better than the market in 2018 despite the impact of biosimilars on Remicade sales. Also, the Medical Devices and Consumer units are seeing improving organic growth trends.
J&J has raised its full-year organic sales growth outlook thrice this year. Though quite a few key products in J&J’s portfolio like Remicade and Concerta are facing generic competition, the Zacks analyst thinks new products in all segments, successful label expansion of cancer drugs like Imbruvica and Darzalex and contribution from recent acquisitions will continue to drive top-line growth. J&J enjoys a robust multi-year pipeline of new drugs and line extensions.
Meanwhile, share buybacks and restructuring initiatives should provide bottom-line support. Headwinds like generics, pricing pressure and soft global market conditions remain.
(You can read the full research report on Johnson & Johnson here >>>).
Shares of Buy-ranked Thermo Fisher have outperformed the Zacks Medical Instruments industry in the past three months (+0.9% vs. -10.2%). The company saw strength in all end markets categorized by customer type or geography in the last reported quarter. It particularly registered solid international performance with strong growth in Asia-Pacific including China.
Also, a series of product launches with progress in precision medicine initiatives aided its performance. The Zacks analyst thinks the company’s recently-closed acquisition of Advanced Bioprocessing business from BD should add complementary cell culture products to Thermo Fisher’s bioproduction offerings.
The company’s initiative to buy Gatan to boost electron microscopy suite buoys optimism. On the flip side, Thermo Fisher’s business segments are getting impacted by unfavorable business mix. Also, competitive headwinds and escalating costs pose a threat.
(You can read the full research report on Thermo Fisher here >>>).
Buy-ranked Goldman Sachs’ shares have lost -19.8% in the past three months, underperforming the -14.2% decline of the Zacks Investment Banking industry. However, the company boasts an impressive earnings surprise history, surpassing expectations in all the trailing four quarters.
The Zacks analyst thinks the company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern.
While declining revenues from Institutional Client Services division remain a hindrance to the bottom-line expansion, the launch of its online retail bank, Marcus with an aim to enter Britain’s cash savings account market, will support growth.
(You can read the full research report on Goldman Sachs here >>>).
Other noteworthy reports we are featuring today include Oracle and Accenture.
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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.
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Johnson & Johnson (JNJ) : Free Stock Analysis Report
Oracle Corporation (ORCL) : Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
Accenture PLC (ACN) : Free Stock Analysis Report
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