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Nutanix, Akamai Tech, Chipotle Mexican Grill, Boeing and Amazon highlighted as Zacks Bull and Bear of the Day

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For Immediate Release

Chicago, IL - Oct 23, 2017 - Zacks Equity Research highlights Nutanix as the Bull of the Day and Akamai Tech as the Bear of the Day. In addition, Zacks Equity Research provides analysis on the Chipotle Mexican Grill , The Boeing Company and Amazon.com .

Here is a synopsis of all five stocks:

Bull of the Day :

Nutanix is a Zacks Rank #1 (Strong Buy) and has a growth style score of "A" so as the aggressive growth stock strategist here at Zacks you know I already love. It is the Bull of the Day today as well look to see why it obtained the coveted Zacks Rank #1 (Strong Buy).

Description

Nutanix provides an enterprise cloud platform which converges silos of server, virtualization and storage into integrated solution and connects to public cloud services. Nutanix, Inc. is based in San Jose, United States.

Earnings History

The company has reported four times and it has topped the Zacks Consensus Estimate in each of the four reports. That puts it in a special league of some great stocks that have beaten every time.

Estimates

The reason that NTNX is a Zacks Rank #1 (Strong Buy) is that it has seen some dramtic improvement in earnings estimates.

Bear of the Day :

Akamai Tech is a Zacks Rank #5 (Strong Sell) and it is the Bear of the Day today. Let's take a look at why this stock has the weakest Zacks Rank and if it is still a good stock to invest in.

Description

Akamai Technologies Inc. is the leading global service provider for accelerating content and business processes online. Thousands of organizations have formed trusted relationships with Akamai, improving their revenue and reducing costs by maximizing the performance of their online businesses. Leveraging the Akamai EdgePlatform, these organizations gain business advantage today, and have the foundation for the emerging Web solutions of tomorrow.

Negative Revisions

I have been at Zacks for about six years now. I have looked at literally thousands of stocks and their earnings estimate revision history. I have never seen a stock that had 10 negative revisions to this quarter, this year and next year.

That is not something that I want to see from a stock.

Earnings History

Despite all those negative revisions, the earnings history remains intact. The last four reports were all beats, but just beating is not really good enough. The beats point to a management team that can effectively communicate with Wall Street so that expectations at the time of the report are never too high.

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Upcoming Earnings Reports to Watch: CMG, BA, AMZN

As we wrap up our first busy week of Q3 earnings season, investors have to be feeling pretty good about the results so far. Less-than-impressive banking results were overshadowed by solid earnings growth throughout the S&P 500, with plenty of estimate beats to go around.

Total earnings for the 52 S&P 500 members that have reported already are up 13.3%, while revenues gained 6.9%. About 77% of these companies have surpassed EPS estimates, and 73% beat revenue estimates.

Next week will mark our busiest period for marquee reports, with 180 S&P 500 companies scheduled to announce their latest results. Earnings growth is expected to continue, which should make investors excited.

For more on what investors should expect from Q3 earnings, check out our exclusive Earnings Trends report. This full report includes a variety of key historical results, as well as estimates for the current and upcoming periods.

And as earnings season continues to heat up, investors should also remember that they can always use the Zacks Earnings Calendar to plan out their schedules for earnings, dividend announcements, and other important financial releases. This handy tool is your perfect one-stop-shop to properly prepare for the market events that will have an impact on your own portfolio.

Today, we've made that task even easier for you. Using the Earnings Calendar, we looked ahead to next week and selected the biggest reports to watch. Make sure to keep an eye on these companies as they prepare to report during the week of October 23.

1. Chipotle Mexican Grill

Struggling fast-casual restaurant chain Chipotle Mexican Grill is slated to release its third-quarter earnings results after the closing bell on October 24. The company has met or surpassed estimates in three-straight quarters, but profits have yet to return to their pre-food safety scandal levels, and Chipotle's momentum has all but vanished.

According to our latest consensus estimates, Chipotle is expected to post earnings of $1.60 per share and revenues of $1.14 billion. These results would represent year-over-year growth of 102% and 10%, respectively. However, these growth rates are lifted by Chipotle's weak fiscal 2016. Headed into the report, estimates have been slipping, and the stock is currently a Zacks Rank #5 (Strong Sell).

2. The Boeing Company

Aerospace giant Boeing is scheduled to announce its latest quarterly results before the market opens on October 25. Boeing has met or surpassed the Zacks Consensus Estimate in five consecutive quarters, and with shares up more than 66% year-to-date, investors know that BA has been one of the industry's hottest stocks.

Based on our latest consensus estimates, we expect to see Boeing report earnings of $2.66 per share and revenues of $24.06 billion. This would mark a year-over-slump of 24% in profits, while this sales figures would represent a marginal gain of 0.7%. Still, the company is a Zacks Rank #2 (Buy) right now, and its diversified defense business should continue to pad results.

3. Amazon.com

E-commerce behemoth Amazon is slated to release its third-quarter earnings report after the market closes on October 26. After starting the year on fire, shares have hit a lull since the company's massive earnings miss last quarter, but investors can rest assured that this report will dominate headlines for days.

According to our latest consensus estimates, Amazon is expected to report a loss of 2 cents per share and revenues of $41.97 billion. This would represent sales growth of 28% but an EPS slump of nearly 104%. Some investors may be concerned about Amazon's short-term spending, but Wall Street will likely react to the company's growth in key divisions like Amazon Web Services.

Want more stock market analysis from this author? Make sure to follow @ Ryan_McQueeney on Twitter!

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About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

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 analyst 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.

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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 more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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