Research Daily
Today's Must Read
BofA (BAC) Cost Control Plan Aid Growth, Margin Woes Linger
Chubb (CB) Well Posed for Growth on Strategic Initiatives
Apache (APA) Makes Big Oil Discovery in West Texas
Thursday, September 8, 2016
Today's Research Daily features analyst reports on 16 major stocks, including Bank of America (BAC), Chubb Limited (CB) and Apache Corp (APA). These 16 research reports have been handpicked from the more than 70 reports issued by our research team this morning. You can see the complete list of today's research reports here >>>
Bank of America shares have outperformed its peer group and the broader market over the last few weeks, with market participants coming around to acknowledging the bank's efforts to realign its balance sheet and streamline core operations. Growing confidence in the bank's balance sheet, as reflected in its approved 2016 capital plan, and a strong deposit franchise are some of the other positives in the Bank of America story that should help the bank navigate an otherwise tough operating environment for banks. (You can read the full research report on Bank of America here>>)
Chubb shares have remained flat recently but are up nicely on the year. The analyst likes Chubb's leadership position in the property and casualty insurance space as a result of its complementary products and services. Its impressive inorganic growth story and strong capital position are other positives. Recently, the company introduced its marine service capabilities in China, which will allow the company to offer customized insurance solutions and risk management services to clients. (You can read the full research report on Chubb here>>)
Apache shares responded strongly to the announcement of a big discovery in the Permian basin, potentially opening up a new multi-year resource play for the E&P major. The analyst likes the company’s geographically diversified reserve base and multi-year trend in reserve replacement and production growth. Initiatives to align capital spending with its cash flows are also encouraging. It continues to build up a high-quality inventory of projects capable of delivering attractive returns even in a low oil price environment (You can read the full research report on Apache Corp here>>)
Other noteworthy reports we are featuring today include T. Rowe Price Group (TROW), Guess', Inc. (GES) and Statoil (STO).
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You can find all of today's stock research reports here>>
Sheraz Mian
Director of Research
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