The Zacks Analyst Blog Highlights: JPMorgan, Citigroup, NIKE, Constellation Brands and Marriott
For Immediate Release
Chicago, IL –October 17, 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: JPMorgan JPM, Citigroup C, NIKE NKE, Constellation Brands STZ and Marriott MAR.
Here are highlights from Tuesday’s Analyst Blog:
Top Stocks Reports for JPMorgan, Citigroup and Nike
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including JPMorgan, Citigroup and NIKE. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Buy-rankedJPMorgan’s shares have outperformed the Zacks Major Regional Banks industry year to date (-0.6% vs. -7%). Also, the company has an impressive earnings surprise history, having surpassed expectations in each of the trailing four quarters.
The bank’s third-quarter 2018 results benefited from loan growth, higher interest rates, improvement in equity trading income and lower credit costs. The Zacks analyst thinks expansion into new markets, focus on strengthening the card business, rising rate environment and increasing loan demand will benefit the bank’s financials.
While dismal mortgage banking performance (as originations continue to decline) remains a major concern, lower tax rates and easing of stringent regulations are expected to offer some support. Further, its enhanced capital deployment activities reflect a strong balance sheet position.
Shares of Buy-rankedCitigroup have outperformed the Zacks Major Regional Banks industry over the past six months (-0.7% vs. -3.8%). However, the company possesses an impressive earnings surprise history, beating expectations in all the trailing four quarters.
The company’s third-quarter 2018 earnings reflected high revenues, along with loan growth. Moreover, controlled expenses were witnessed. The Zacks analyst thinks the company’s restructuring and streamlining efforts, strategic investments in core business, lower tax rate and expense management will likely support profitability.
The capital plan approval reflects strong capital position. Yet, several issues, including litigation burden, keep us apprehensive. Nevertheless, with rising rates, margin pressure seems to be easing.
(You can read the full research report on Citigroup here >>>).
Nike’s shares have gained +44.2% in the past year, outperforming the Zacks Shoes and Retail Apparel industry, which gained +37.5% over the same period, driven by a strong earnings trend stemming from the solid execution of Consumer Direct Offense.
Nike has delivered positive earnings for over three years now, with first-quarter fiscal 2019 marking the 25th straight quarter of earnings beat. Moreover, sales topped estimates for the sixth straight quarter. The Zacks analyst thinks strong progress on Consumer Direct Offense through innovation and focus on direct-to-customer are the key drivers.
Additionally, growth at international and Nike Direct businesses, alongside momentum in North America led to growth in the fiscal first quarter. However, higher SG&A expenses due to increased demand creation expense and operating overheads are likely to remain a drag.
Further, the unfavorable currency environment due to global trade tensions and geopolitical dynamics is likely to weigh on sales. Hence, it provided a soft guidance for fiscal 2019 and the second quarter.
Other noteworthy reports we are featuring today include Constellation Brands and Marriott.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Citigroup Inc. (C) : Free Stock Analysis Report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Constellation Brands Inc (STZ) : Free Stock Analysis Report
Marriott International (MAR) : Free Stock Analysis Report
NIKE, Inc. (NKE) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
