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The Zacks Analyst Blog Highlights: United Technologies, PayPal, ConocoPhillips, Raytheon and Tesla

Zacks Equity Research
ArcBest (ARCB) closed the most recent trading day at $38.32, moving -0.67% from the previous trading session.

For Immediate Release

Chicago, IL – June 13, 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 United Technologies UTX, PayPal PYPL, ConocoPhillips COP, Raytheon RTN and Tesla TSLA.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for United Technologies, PayPal and ConocoPhillips

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 United Technologies, PayPal and ConocoPhillips. 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 >>>

United Technologies’ shares have gained +6.8% in the last year, outperforming the Zacks Diversified Operations industry, which has lost -14% over the same period. United Technologies serves various end-markets. The Zacks analyst thinks that this allows it to remain profitable even during tough economic times.

The company has offered bullish guidance for 2018 on healthy demand trends and is likely to deliver sustainable earnings growth in future with Rockwell merger. United Technologies remains focused on four key priorities: flawless execution, innovation, structural cost reduction and disciplined capital allocation to fuel its growth engine. However, fluctuations in foreign currency exchange rates may affect the company’s bottom-line growth.

In addition, a disruption in deliveries from suppliers, capacity constraints, production disruptions, price changes or decreased availability of raw materials or commodities is likely to have an adverse effect on the company’s ability to meet delivery schedules, thereby increasing its operating costs.

(You can read the full research report on United Technologies here >>>).

Shares of PayPal have outperformed the Zacks Internet Software industry over the last year (+61.1% vs. +35%). PayPal continues to benefit from its ongoing strategic partnerships as well as new partnerships with CaixaBank, Bankia, HSBC and Barclays Bank, which remain positive for its improving customer base.

Additionally, the introduction of new services and offers for the debit and credit card users are helping it to attract new customers to the platform. The Zacks analyst thinks an expanding product & services portfolio and strengthening presence in global market will continue to benefit the company’s total payment volume.

Further, a new agreement with eBay will make PayPal the former’s payment partner, which will help the company to recover what it had lost from the discontinuation of the previous partnership between the two companies. However, continuous exposure to foreign exchange and interest rate risks are major concerns. Also, intensifying competition from major players in the market remains a headwind.

(You can read the full research report on PayPal here >>>).

ConocoPhillips’ shares are up +51.8% over the last year, outperforming the Zacks U.S. Integrated Oil industry, which has gained +38.3% over the same period. As oil prices continue to improve, ConocoPhillips gains from more oil production in the Eagle Ford and Bakken as well as concentrating on high-margin production region.

Significant opportunities are left for ConocoPhillips in the Eagle Ford where it owns 3,400 undrilled locations that could lend access to almost 2.3 billion barrels of oil equivalent estimated potential reserves. However, the Zacks analyst is cautious about ConocoPhillips’ expectations of a rise in production and operating expenses. 

For 2018, the firm projects production and operating expenses at $5.7 billion, higher than $5.2 billion for 2017. Moreover, ConocoPhillips’ long-term debt is more than double its cash balance, which is a concern.

(You can read the full research report on ConocoPhillips here >>>).

Other noteworthy reports we are featuring today include Raytheon and Tesla.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.

Click here for the 6 trades >>

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.

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.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

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Zacks Investment Research

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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.


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
 
PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
 
Tesla, Inc. (TSLA) : Free Stock Analysis Report
 
United Technologies Corporation (UTX) : Free Stock Analysis Report
 
Raytheon Company (RTN) : Free Stock Analysis Report
 
ConocoPhillips (COP) : Free Stock Analysis Report
 
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