Industry News


The Zacks Analyst Blog Highlights: Bank of America, Intel, Skyworks, Dean Foods and CSX

2017-01-23 zacks
Chicago, IL – January 23, 2017 – 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 Bank of America (NYSE:(BAC - Free Report) - Free Report ), Intel (NASDAQ:(INTC - Free Report) - Free Report ), Skyworks (NASDAQ: (SWKS - Free Report) - Free Report ), Dean Foods (NYSE:(DF - Free Report) - Free Report ) and CSX Corp (NASDAQ: (CSX - Free Report) - Free Report ).

Zacks.com featured highlights: Huntington Ingalls Industries, Torchmark, Scripps Networks Interactive, Citigroup and Southwest Gas

2017-01-23 zacks
Chicago, IL – January 23, 2017 - Stocks in this week’s article include Huntington Ingalls Industries Inc. (NYSE: (HII - Free Report) - Free Report ) , Torchmark Corporation (NYSE: (TMK - Free Report) - Free Report ) , Scripps Networks Interactive Inc. (NASDAQ: (SNI - Free Report) - Free Report ) , Citigroup Inc. (NYSE: (C - Free Report) - Free Report ) and Southwest Gas Corporation (NYSE: (SWX - Free Report) - Free Report ) .

Zacks Investment Ideas feature highlights: Applied Industrial Technologies, Check Point Software, CSX, LyondellBassell and Skyworks Solutions

2017-01-23 zacks
Chicago, IL – January 23, 2017 – Today, Zacks Investment Ideas feature highlights Features: Applied Industrial Technologies ( NYSE: (AIT - Free Report) - Free Report ) , Check Point Software (NASDAQ: (CHKP - Free Report) - Free Report ), CSX Corp ( NASDAQ: (CSX - Free Report) - Free Report ), LyondellBassell ( NYSE: (LYB - Free Report) - Free Report ) and Skyworks Solutions (NASDAQ: (SWKS - Free Report) - Free Report )

Zacks.com featured highlights: MKS Instruments, Bank of the Ozarks, Vantiv, Bank of America and Tesoro LogisticsZacks.com featured highlights: MKS Instruments, Bank of the Ozarks, Vantiv, Bank of America and Tesoro Logistics

2017-01-23 zacks
Chicago, IL – January 23, 2017 - Stocks in this week’s article include MKS Instruments, Inc. (NASDAQ: (MKSI - Free Report) - Free Report ), Bank of the Ozarks, Inc. (NASDAQ: (OZRK - Free Report) - Free Report ), Vantiv, Inc. (NYSE: (VNTV - Free Report) - Free Report ), Bank of America Corporation (NYSE: (BAC - Free Report) - Free Report ) and Tesoro Logistics LP (NYSE: (TLLP - Free Report) - Free Report ).

Monday’s Vital Data: Apple Inc. (AAPL), Rite Aid Corporation (RAD) and International Business Machines Corp. (IBM)

2017-01-23 investorplace
U.S. stock futures are pointed lower this morning over concerns that President Donald Trump will pursue a protectionist agenda. Traders are beginning to shift away from the U.S. dollar, with the Japanese yen drawing a safe-haven bid, and oil is also moving lower. In earnings, Halliburton Company (NYSE:HAL), McDonald’s Corporation (NYSE:MCD) and Yahoo! Inc. (NASDAQ:YHOO) will be in focus later today.

Top Analyst Upgrades and Downgrades: Ally, IBM, MetLife, Qualcomm, Verizon, Williams, Incyte and Many More

2017-01-23 247wallst
Stocks have pulled back off their highs from the end of 2016 and that Dow Jones Industrial Average (DJIA) 20,000 mark remains elusive. The major market indexes were indicated a tad lower on Monday, and the path to DJIA 21,422 in late 2017 or early 2018 remains possible. Investors have proven over and over that they want to keep buying any real pullback. The fact that this bull market is now almost eight years old now and that valuations remain high has not mattered.

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Wells Fargo admits to signs of worker retaliation

2017-01-23 money.cnn
Now, Wells Fargo says it has found evidence that at least some of these whistleblower retaliation claims published by CNNMoney and elsewhere may have merit.

Bank of America Corp’s (BAC) Irrational Exuberance Will End

2017-01-23 investorplace
It seems like everything went right for Bank of America Corp (NYSE:BAC) in the final two months of 2016. Donald Trump won the U.S. election, bringing promises of decreased regulatory control for the financial sector, and the Federal Reserve lifted long-stagnate interest rates while promising three additional hikes 2017.  All of that bodes well for BofA’s bottom line.

AIG Enters Into Reinsurance Deal to Restore Profitability

2017-01-23 zacks
American International Group, Inc. (AIG - Free Report) has entered into a reinsurance agreement with National Indemnity Co. (NICO), a subsidiary of Berkshire Hathaway Inc. (BRK.B - Free Report) . This is yet another effort taken by the company to de-risk itself from long-term claims tied to its commercial insurance policies.

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Early movers: HAL, QCOM, MRK, BX, JNJ, TMUS, UAL & more

2017-01-23 cnbc
Halliburton — The oilfield services company reported adjusted quarterly profit of 4 cents per share, 2 cents a share above estimates. Rrevenue came in slightly below Street forecasts. Halliburton said it has returned to operating profit within North America, but noted that an international downward cycle is still playing out.

5 Stocks to Buy on New Analyst Coverage

2017-01-23 zacks
The importance of new analyst coverage is evident from the extensive data it unearths for investors. Analysts are privy to vital information and are crucial to investment decisions. Coverage initiation of a stock by analyst(s) usually portrays higher investor inclination. Investors, on their part, often assume that there is something special in a stock to attract analysts to cover it. In other words, they believe that the company coming under the microscope definitely holds some value.

What's in the Cards for State Street (STT) in Q4 Earnings?

2017-01-23 zacks
State Street Corporation (STT - Free Report) is scheduled to report its fourth-quarter and full-year 2016 results before the market opens on Jan 25. Last quarter, a rise in fee income drove State Street’s operating earnings, which handily outpaced the Zacks Consensus Estimate. However, lower trading services revenue and higher expenses hurt results. The earnings beat was followed by a nearly 11.6% rally of State Street shares during the three months ended Dec 31, 2016.

Consumer Loan Stocks' Q4 Earnings on Jan 24: COF, DFS, NAVI

2017-01-23 zacks
With fourth-quarter 2016 earnings in full swing, investors are keeping a close eye on the performance of the companies. Several companies have come up with better-than-expected results amid an improving environment with stabilizing oil prices and continued recovery of the U.S. economy. Underlying loan demand remained healthy during the fourth quarter, with overall moderate growth in loans including commercial and industrial and commercial real estate loans.

Fifth Third (FITB) Q4 Earnings: Is a Beat in the Cards?

2017-01-23 zacks
We expect Fifth Third Bancorp (FITB - Free Report) to beat earnings expectations when it reports fourth-quarter 2016 results, before the opening bell on Jan 24. Why a Likely Positive Surprise? Our proven model shows that Fifth Third is likely to beat on earnings in the fourth quarter. This is because the company has the combination of two key ingredients for a possible earnings beat – a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), #2 (Buy) or #3 (Hold).

Arthur J. Gallagher (AJG): What's Up this Earnings Season?

2017-01-23 zacks
Arthur J. Gallagher & Co. (AJG - Free Report) is slated to report fourth-quarter 2016 results on Jan 26, after the market closes. Last quarter, the company posted a positive earnings surprise of 1.32%. Let’s see how things are shaping up for this announcement. Factors to be Considered this Quarter Arthur J. Gallagher is likely to register top-line growth in the to-be-reported quarter, fueled both by organic sales, and strategic mergers and acquisitions (M&A).

Can Travelers (TRV) Sustain its Earnings Streak in Q4?

2017-01-23 zacks
We expect property and casualty insurer The Travelers Companies, Inc. (TRV - Free Report) to beat expectations when it reports fourth-quarter results on Jan 24, before the market opens. Why a Likely Positive Surprise? Our proven model shows that Travelers has the right combination of two key ingredients to beat estimates. Zacks ESP: Earnings ESP, which represents the difference between the Most Accurate estimate and the Zacks Consensus Estimate, is +1.

Will Santander Consumer (SC) Disappoint in Q4 Earnings?

2017-01-23 zacks
Santander Consumer USA Holdings Inc. (SC - Free Report) is scheduled to announce fourth-quarter and 2016 results on Jan 25, before the market opens. Last quarter, Santander Consumer USA’s earnings surpassed the Zacks Consensus Estimate, driven by rise in total finance and other interest income and lower provisions. However, an increase in operating expenses remained a headwind. The earnings beat and the Trump-induced rally led to improved price performance for Santander Consumer USA.

Huntington (HBAN) Q4 Earnings: Disappointment in Store?

2017-01-23 zacks
Huntington Bancshares Incorporated (HBAN - Free Report) is scheduled to report fourth-quarter 2016 results on Jan 25, before the market opens. The Columbus, OH-based bank’s third-quarter 2016 earnings outpaced the Zacks Consensus Estimate. Results displayed growth in revenues. Also, the quarter witnessed continual growth in both loan and deposit balances along with a strong capital position. However, elevated expenses and higher provision for credit losses were the headwinds.

An Examination Of Sirius XM Guidance

2017-01-23 seekingalpha
Investors and analysts have come to expect Sirius XM Holdings (NASDAQ:SIRI) to start each new year by issuing conservative guidance, and as the year progresses, to gradually increase that guidance. In addition, the overwhelming majority of times over the past five years, Sirius has managed to exceed that guidance:

Citizens Financial: 4Q Delivery, But The Interest Is Further Out

2017-01-23 seekingalpha
CFG is a well capitalized regional at the lower end of the PE range for banks like this.

These Regional Banks Are Potential Takeover Targets

2017-01-23 seekingalpha
Most banks are likely to benefit from the current interest rate increase cycle. The Federal Reserve is projecting to increase interest rates three times in 2017, two or three times in 2018, and three times in 2019. This is positive for banks since higher rates are likely to lead to expanding net interest margins, which will lead to increased profits.

Game Plan For The Week - Cramer's Mad Money (1/20/17)

2017-01-23 seekingalpha
Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Friday, January 20.

Citigroup Remains The Black Sheep Of The U.S. Banking Industry

2017-01-23 seekingalpha
Citigroup (NYSE:C), as I noted in prior articles, does not benefit as greatly from Trump's reflation trade as some of its large U.S. peers. To recap the key reasons are:

Transportation Stock Q4 Earnings on Jan 24: CNI, HTLD, MRTN

2017-01-23 zacks
The Q4 earnings season is off to a strong start with impressive reports from big names like JPMorgan Chase & Co. (JPM - Free Report) . According to our latest Earnings Preview report, 63 S&P 500 members (representing 19.1% in terms of market capitalization) have reported their quarterly numbers so far.

United Technologies (UTX) Q4 Earnings: What's in Store?

2017-01-23 zacks
Diversified conglomerate, United Technologies Corporation (UTX - Free Report) is scheduled to report fourth-quarter 2016 results before the opening bell on Jan 25. In the last reported quarter, the company comfortably beat the Zacks Consensus Estimate by 8 cents. On a trailing four-quarter basis, United Technologies boasts an average positive earnings surprise of 5.54%, beating estimates on every occasion.