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The Zacks Analyst Blog Highlights: Pfizer, DISH Network, Micron Technology, Walt Disney and C.H. Robinson

Zacks Equity Research

For Immediate Release

Chicago, IL –October 3, 2019 – 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: Pfizer PFE, DISH Network DISH, Micron Technology MU, The Walt Disney Company DIS and C.H. Robinson Worldwide CHRW.

Here are highlights from Wednesday’s Analyst Blog:

Top Analyst Reports for Pfizer, DISH and Micron

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 Pfizer, DISH Network and Micron Technology. 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 >>>

Pfizer’s shares have underperformed the Zacks Large-Cap Pharmaceuticals industry in the past six months (-16.3% vs. -4.7%). The Zacks analyst believes that the Consumer Healthcare joint venture with Glaxo, the Array acquisition and the pending merger of Upjohn unit with Mylan, if successful, will make Pfizer a smaller company with a diversified portfolio of innovative drugs and vaccines.

The smaller Pfizer should see better revenue growth as the Lyrica loss of exclusivity cliff will go away. Pfizer expects continued strong growth of key brands like Ibrance and Eliquis and biosimilars to drive sales in the second half.

However, currency headwinds, Lyrica LOE, weak sales in the sterile injectables portfolio and pricing pressure are top-line headwinds in 2019. Moreover, unfavorable changes in recommendation guidelines for Prevnar 13 and unfavorable FDA updates to the Xeljanz U.S. label may hurt sales of these key drugs in the second half.

Shares of DISH Network have gained 36.4% year to date, outperforming the Zacks Cable Television industry’s rise of 30.5% over the same period. The Zacks analyst believes that DISH is suffering from subscriber loss in the Pay-TV business, primarily due to stiff competition and cord-cutting.

Also, increasing programming and content expenses as well as higher retransmission fees are hurting profitability. Nevertheless, the company’s efforts to diversify its business from being a pure-play satellite-TV operator to an Internet TV operator are noteworthy. Sling TV subscriber base is also expanding, which is a positive.

Further, the company’s focus on acquiring and retaining subscribers, to boost profits over the long term, is expected to drive growth. Further, DISH announced that it will enter the U.S. wireless market as the fourth, nationwide, facilities-based network competitor.

Micron’s shares have gained 8.2% in the past three months, outperforming the Zacks Semiconductors industry’s rise of 3.7%. The Zacks analyst believes that the company is well-poised to benefit from the resurgence in DRAM demand, backed by a progress in customer inventory adjustments in the cloud, graphics and PC markets.

Moreover, its focus on increasing the mix of high-value solutions in its portfolio is a boon. Further, introduction of server processors that supports higher memory densities is likely to fuel demand for its solutions. Also, the company’s decision to cut down on capital expenditure will enable it to reach a balanced inventory level.

However, a higher mix of NAND, which has lower gross margin, falling memory prices and a slow decline in manufacturing cost, is likely to keep margins under pressure. Uncertainty hovering over trade and the economy is a concern as well.

Other noteworthy reports we are featuring today include The Walt Disney Company and C.H. Robinson Worldwide.

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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 releas

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C.H. Robinson Worldwide, Inc. (CHRW) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Pfizer Inc. (PFE) : Free Stock Analysis Report
DISH Network Corporation (DISH) : Free Stock Analysis Report
Micron Technology, Inc. (MU) : Free Stock Analysis Report
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