We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights Toyota Motor Corporation, Fomento Economico Mexicano, United Parcel Service, Caterpillar, ConocoPhillips and Union Pacific
Read MoreHide Full Article
For Immediate Release
Chicago, IL – June 20, 2023 – 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: Toyota Motor Corporation (TM - Free Report) , Fomento Economico Mexicano (FMX - Free Report) , United Parcel Service, Inc. (UPS - Free Report) , Caterpillar Inc. (CAT - Free Report) , ConocoPhillips (COP - Free Report) and Union Pacific Corporation (UNP - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Toyota Motor, Fomento Economico Mexicano & United Parcel Service
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 Toyota Motor Corporation, Fomento Económico Mexicano and United Parcel Service, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Toyota Motor shares have outperformed the Zacks Automotive - Foreign industry over the past year (+7.4% vs. -10.1%) reflecting a still-favorable automobile demand environment and Toyota's robust product line-up, including in the EV space. To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness.
Toyota Motor’s commitment to return capital to shareholders and upbeat fiscal 2024 view spark confidence. However, commodity cost inflation is expected to weigh on gross margins. Supply-chain disruptions and tough labor market will play spoilsports.
Unfavorable foreign currency translations and high R&D expenses are also likely to limit profits. Also, elevated leverage of the firm may restrict its financial flexibility to tap onto growth opportunities. Thus, investors are advised to wait for a better entry point.
Shares of Fomento Económico Mexicano have outperformed the Zacks Beverages - Soft drinks industry over the past year (+64.5% vs. +21.0%). The company’s top and bottom-line improved year over year on strength across segments and improved operating income. Revenues improved on gains across all business units resulting from effective growth strategies and robust demand across markets.
Fomento Económico Mexicano’s digital initiatives and business expansion endeavors have also been aiding results. Its efforts to expand in the U.S. specialized distribution segment bodes well. The company displays strong financial flexibility.
However, FEMSA continued to witness operating margin decline due to contraction at Proximity, Health and Envoy Solutions divisions. Supply-chain disruptions and higher raw material costs hurt results.
United Parcel Service shares have modestly outperformed the Zacks Transportation - Air Freight and Cargo industry over the past year (+9.0% vs. +8.5%). The company’s is looking to drive growth in this uncertain scenario by improving efficiencies. Efforts to reward its shareholders through dividends and buybacks bode well for UPS.
United Parcel Service 's strong free cash flow generating ability pleases us and supports its shareholder-friendly activities. UPS anticipates making dividend payments of $5.4 billion apart from buying back shares worth $3 billion in 2023.
However, the new forecast is at the low end of the previous outlook and much lower than 2022's actual figure. The gloomy forecast is mainly due to weak consumer sales. Notably, average daily volume declined 5.4% in first-quarter 2023 at the U.S. Domestic package segment. The same declined 6.2% at the International Package division.
Other noteworthy reports we are featuring today include Caterpillar Inc., ConocoPhillips and Union Pacific Corporation.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights Toyota Motor Corporation, Fomento Economico Mexicano, United Parcel Service, Caterpillar, ConocoPhillips and Union Pacific
For Immediate Release
Chicago, IL – June 20, 2023 – 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: Toyota Motor Corporation (TM - Free Report) , Fomento Economico Mexicano (FMX - Free Report) , United Parcel Service, Inc. (UPS - Free Report) , Caterpillar Inc. (CAT - Free Report) , ConocoPhillips (COP - Free Report) and Union Pacific Corporation (UNP - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Toyota Motor, Fomento Economico Mexicano & United Parcel Service
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 Toyota Motor Corporation, Fomento Económico Mexicano and United Parcel Service, Inc. 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 >>>
Toyota Motor shares have outperformed the Zacks Automotive - Foreign industry over the past year (+7.4% vs. -10.1%) reflecting a still-favorable automobile demand environment and Toyota's robust product line-up, including in the EV space. To capitalize on the accelerated global shift to green cars, the auto giant is deepening focus on manufacturing electric and fuel-cell vehicles, which will bolster the company’s product competitiveness.
Toyota Motor’s commitment to return capital to shareholders and upbeat fiscal 2024 view spark confidence. However, commodity cost inflation is expected to weigh on gross margins. Supply-chain disruptions and tough labor market will play spoilsports.
Unfavorable foreign currency translations and high R&D expenses are also likely to limit profits. Also, elevated leverage of the firm may restrict its financial flexibility to tap onto growth opportunities. Thus, investors are advised to wait for a better entry point.
(You can read the full research report on Toyota Motor here >>>)
Shares of Fomento Económico Mexicano have outperformed the Zacks Beverages - Soft drinks industry over the past year (+64.5% vs. +21.0%). The company’s top and bottom-line improved year over year on strength across segments and improved operating income. Revenues improved on gains across all business units resulting from effective growth strategies and robust demand across markets.
Fomento Económico Mexicano’s digital initiatives and business expansion endeavors have also been aiding results. Its efforts to expand in the U.S. specialized distribution segment bodes well. The company displays strong financial flexibility.
However, FEMSA continued to witness operating margin decline due to contraction at Proximity, Health and Envoy Solutions divisions. Supply-chain disruptions and higher raw material costs hurt results.
(You can read the full research report on Formento Economico Mexicano here >>>)
United Parcel Service shares have modestly outperformed the Zacks Transportation - Air Freight and Cargo industry over the past year (+9.0% vs. +8.5%). The company’s is looking to drive growth in this uncertain scenario by improving efficiencies. Efforts to reward its shareholders through dividends and buybacks bode well for UPS.
United Parcel Service 's strong free cash flow generating ability pleases us and supports its shareholder-friendly activities. UPS anticipates making dividend payments of $5.4 billion apart from buying back shares worth $3 billion in 2023.
However, the new forecast is at the low end of the previous outlook and much lower than 2022's actual figure. The gloomy forecast is mainly due to weak consumer sales. Notably, average daily volume declined 5.4% in first-quarter 2023 at the U.S. Domestic package segment. The same declined 6.2% at the International Package division.
(You can read the full research report on United Parcel Service here >>>)
Other noteworthy reports we are featuring today include Caterpillar Inc., ConocoPhillips and Union Pacific Corporation.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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.