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The Zacks Analyst Blog Highlights: Tesla, Enbridge, DuPont de Nemours, Delta Air Lines and Palo Alto Networks

Zacks Equity Research

For Immediate Release

Chicago, IL – February 27, 2020 – 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: Tesla TSLA, Enbridge ENB, DuPont de Nemours DD, Delta Air Lines DAL and Palo Alto Networks PANW.

Here are highlights from Wednesday’s Analyst Blog:

Top Stock Reports for Tesla, Enbridge and DuPont de Nemours

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 Tesla, Enbridge and DuPont de Nemours. 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 >>>

Tesla’s shares have outperformed the Zacks Domestic Automotive industry over the past year (+154.2% vs. +37.5%). The Zacks analyst believes that rising Model 3 delivery, which forms bulk of the automaker’s overall deliveries, is aiding the company’s top-line growth.

With Model 3 sedan being its flagship vehicle, Tesla has established itself as a leader in the EV segment. Tesla’s upcoming product launches, including Model Y and Semi Truck, are expected to further boost prospects.

However, with China being an important market for Tesla, economic slowdown in the country is weighing on the firm. Tesla’s massive debt and high capex also play spoilsports. Waning demand for Model S/X is another concern. Thus, investors are advised to wait for a better entry point.

Shares of Enbridge have gained +21.2% in the past six months against the Zacks Oil Production and Pipeline industry’s rise of +2.7%. The Zacks analyst believes that reduced contributions from Canadian Gas Transmission businesses have been affecting the firm.

The company has a total of $11 billion of low-risk inventory of midstream growth projects that will be going online since 2020 through 2023. Thus, the firm has secured additional stable fee-based revenues for the years to come. Moreover, Enbridge has been strongly committed to returning cash to shareholders.

The company recently received authorization from the board of directors to hike the quarterly dividend payout for 2020. However, Enbridge recently reported weak fourth-quarter earnings due to lower contributions from Mainline System. The firm’s significant exposure to debt is also a concern.

DuPont de Nemours’ shares have lost -27.6% over the past three months against the Zacks Diversified Chemicals industry’s fall of -13.9%. The Zacks analyst believes that DuPont will benefit from its ongoing investment in innovation and new product development. New product launches across high growth markets will drive its top line.

DuPont’s cost and productivity improvement actions should also support its margins. The company also remains focused on driving cash flow and shareholder value. Actions to divest non-core assets and focus on growth areas should also boost its performance.

However, weak demand across a number of markets including automotive and semiconductor are likely to hurt DuPont’s volumes. Weak pricing is also expected to weigh on its sales and margins in 2020. The company also faces headwinds from higher manufacturing costs and unfavorable currency swings.

Other noteworthy reports we are featuring today include Delta Air Lines and Palo Alto Networks.

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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.

Click to get this free report DuPont de Nemours, Inc. (DD) : Free Stock Analysis Report Enbridge Inc (ENB) : Free Stock Analysis Report Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report Tesla, Inc. (TSLA) : Free Stock Analysis Report Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research