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The Zacks Analyst Blog Highlights: salesforce.com, Lockheed Martin, Intuit, Disney and ConocoPhillips

Zacks Equity Research

For Immediate Release

Chicago, IL – October 24, 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: salesforce.com CRM, Lockheed Martin LMT, Intuit INTU, Disney Company DIS and ConocoPhillips COP.

Here are highlights from Wednesday’s Analyst Blog:

Top Analyst Reports for salesforce.com, Lockheed Martin and Intuit

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 salesforce.com, Lockheed Martin and Intuit. 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 >>>

salesforce’s shares have underperformed the Zacks Computer Software industry year to date (4.9% vs. 27.8%). The Zacks analyst believes that salesforce is gaining from solid growth across its cloud offerings.

The company is benefiting immensely from an expanding partner ecosystem, which is contributing to business wins and boosting its presence globally. Deal wins in the international market are growth drivers. Rapid adoption of its diverse cloud offerings, given an upsurge in demand for digital transformation, is a key catalyst.

Additionally, acquisitions like MuleSoft, Tableau, ClickSoftware and Salesforce.org are significant revenue drivers. However, stiff competition from Oracle and Microsoft is a concern. Persistence of unfavorable currency fluctuations is a key headwind. Besides, increasing investments in international expansions and data centers are an overhang on profitability.

Shares of Lockheed Martin have gained 13.4% in the past six months against the Zacks Aerospace Defense industry’s rise of 1%. The Zacks analyst believes that the company enjoys strong demand for its high-end military equipment in domestic and international markets.

Lockheed Martin is also the largest U.S. defense contractor with a platform-centric focus that guarantees a steady inflow of follow-on orders. In a year’s time, Lockheed Martin has outperformed the industry. However, the company’s higher debt-to-equity ratio shows that the stock is highly leveraged when compared with its industry.

Lockheed Martin also faces intense global competition for its broad portfolio of products and services. Forced cost reduction initiatives for its F-35 program might hamper its operating results. 

Intuit’s shares have lost 7.6% over the past three months against the Zacks Computer Software industry’s decline of 5.9%. The Zacks analyst believes Intuit is benefiting from strong momentum in Online ecosystem revenues and growth in the Consumer business. Impressive growth in its Small Business and Self-Employed is a tailwind.

The TurboTax Live offering is also driving strong growth in the Consumer tax business. Solid momentum of the company’s lending product, QuickBooks Capital, is a positive. Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate more stable revenues over the long run.

Estimates have been stable lately ahead of the company’s Q1 earnings release. However, high costs and expenses remain a major concern. Moreover, the company expects total QuickBooks Online subscriber growth to moderate in the near term as it continues to focus on additional services.

Other noteworthy reports we are featuring today include Disney Company and ConocoPhillips.

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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 Walt Disney Company (DIS) : Free Stock Analysis Report
 
Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
 
Intuit Inc. (INTU) : Free Stock Analysis Report
 
salesforce.com, inc. (CRM) : Free Stock Analysis Report
 
ConocoPhillips (COP) : Free Stock Analysis Report
 
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