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The Zacks Analyst Blog Highlights: BP, Eaton, Manulife Financial, Cardinal Health and Regions Financial
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For Immediate Release
Chicago, IL – March 5, 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: BP p.l.c. (BP - Free Report) , Eaton (ETN - Free Report) , Manulife Financial (MFC - Free Report) , Cardinal Health (CAH - Free Report) and Regions Financial (RF - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for BP, Eaton and Manulife
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 BP p.l.c., Eaton and Manulife Financial. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
BP’s shares have outperformed the Zacks International Integrated Oil industry over the past six months (-14.6% vs. +21%). The Zacks analyst believes that all the key projects BP has been delivering over the years has backed the company to post record production levels.
Notably, the projects that were placed into production will not only help fetch significant cash flows but will also boost production by 900 thousand barrel of oil equivalent per day (MBOE/D) by 2021. BP has also been committed toward returning capital to shareholders through dividend payments and share buybacks.
However, although the energy giant cleared $1 billion of net debt in the December quarter of 2019, the company’s debt load is significantly higher than its peers. A weak crude oil pricing scenario is also affecting the firm’s bottom line.
Shares of Eaton have gained +17.2% over the past year against the Zacks Electrical Machinery industry’s rise of +1.4%. The Zacks analyst believes that Eaton’s wide market reach, strategic acquisitions, spin-off of less profitable businesses are boosting operations.
The company’s ongoing R&D investments will help it upgrade products, and provide better electrical solutions to customers. Eaton’s divestment of the Lighting and Hydraulics business to focus on core operations is in sync with long-term growth objectives.
Strong cash flow generation and product innovation are likely to drive its performance. However, Eaton’s world-wide operations expose it to negative currency translation, cyber-attacks and security breaches, all of which might impact operations. Choppy end-market conditions have compelled the company to lower organic growth projection and trim earnings expectation.
Manulife’s shares have lost -11.4% over the past three months against the Zacks Life Insurance industry’s fall of -9.2%. The Zacks analyst believes that Manulife is well positioned to achieve its target of $1 billion of expense efficiencies by 2022 and remains confident of delivering 10% to 12% core EPS growth over the medium term.
Manulife Financial’s fourth quarter earnings of $1.1 billion (C$1.5 billion) improved 22.2% year over year. This upside can be attributed to in-force and new business growth in the United States, Hong Kong and Asia Other, and progress in Global Wealth and Asset Management.
It continues to witness new business volumes, particularly in Asia, and positive net flows in its wealth and asset management businesses. The company is expected to gain strong hold over Asian markets. It maintains a strong capital position and remains focused on improving its leverage ratio.
Other noteworthy reports we are featuring today include Cardinal Health and Regions Financial.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: BP, Eaton, Manulife Financial, Cardinal Health and Regions Financial
For Immediate Release
Chicago, IL – March 5, 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: BP p.l.c. (BP - Free Report) , Eaton (ETN - Free Report) , Manulife Financial (MFC - Free Report) , Cardinal Health (CAH - Free Report) and Regions Financial (RF - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for BP, Eaton and Manulife
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 BP p.l.c., Eaton and Manulife Financial. 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 >>>
BP’s shares have outperformed the Zacks International Integrated Oil industry over the past six months (-14.6% vs. +21%). The Zacks analyst believes that all the key projects BP has been delivering over the years has backed the company to post record production levels.
Notably, the projects that were placed into production will not only help fetch significant cash flows but will also boost production by 900 thousand barrel of oil equivalent per day (MBOE/D) by 2021. BP has also been committed toward returning capital to shareholders through dividend payments and share buybacks.
However, although the energy giant cleared $1 billion of net debt in the December quarter of 2019, the company’s debt load is significantly higher than its peers. A weak crude oil pricing scenario is also affecting the firm’s bottom line.
Shares of Eaton have gained +17.2% over the past year against the Zacks Electrical Machinery industry’s rise of +1.4%. The Zacks analyst believes that Eaton’s wide market reach, strategic acquisitions, spin-off of less profitable businesses are boosting operations.
The company’s ongoing R&D investments will help it upgrade products, and provide better electrical solutions to customers. Eaton’s divestment of the Lighting and Hydraulics business to focus on core operations is in sync with long-term growth objectives.
Strong cash flow generation and product innovation are likely to drive its performance. However, Eaton’s world-wide operations expose it to negative currency translation, cyber-attacks and security breaches, all of which might impact operations. Choppy end-market conditions have compelled the company to lower organic growth projection and trim earnings expectation.
Manulife’s shares have lost -11.4% over the past three months against the Zacks Life Insurance industry’s fall of -9.2%. The Zacks analyst believes that Manulife is well positioned to achieve its target of $1 billion of expense efficiencies by 2022 and remains confident of delivering 10% to 12% core EPS growth over the medium term.
Manulife Financial’s fourth quarter earnings of $1.1 billion (C$1.5 billion) improved 22.2% year over year. This upside can be attributed to in-force and new business growth in the United States, Hong Kong and Asia Other, and progress in Global Wealth and Asset Management.
It continues to witness new business volumes, particularly in Asia, and positive net flows in its wealth and asset management businesses. The company is expected to gain strong hold over Asian markets. It maintains a strong capital position and remains focused on improving its leverage ratio.
Other noteworthy reports we are featuring today include Cardinal Health and Regions Financial.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
See their latest picks free >>
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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.