Stock Research Reports for IBM, BP & Disney

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Friday, December 23 2016

Today's Research Daily features new research reports on 16 major stocks, including IBM (IBM), BP (BP) and Disney (DIS).

IBM shares lagged the technology space and the S&P 500 index over the last few years as the company struggled to reposition its business to the evolving business landscape. But the stock turned around this year (up +21.4% in the year-to-date period vs. +9.3% for the Zacks Technology sector) on greater appreciation for the company's outlook. The Zacks analyst likes IBM's strategic growth initiatives, including its Big Data & business analytics, cloud computing, mobile and social business. The company is expected to report Q4 results on January 17th. (You can read the full research report onIBMhere >>> )

The turnaround in oil prices this year has benefited all oil players, BP included. BP shares have gained in excess of +18% this year, modestly below the Zacks Oil Integrated industry's +19.1% gain. The Zacks analyst likes the company's major expense reductions over the last four quarters, which is expected to remain a focus in the coming quarters as well. BP is scheduled to report Q4 results on February 7th, with the oil giant expected to report $0.50 per share on $52.2 billion in revenues. While upstream volumes are expected to be modestly up from the Q3 level, the refining business could be under pressure. (You can read the full research report onBPhere >>> )

Disney shares have struggled this year, weighed down by concerns about ESPN whose future growth has been clouded by the evolving media landscape as a result of 'cord cutting' and the steady migration of subscribers to online and digital platforms. However, management anticipates reporting modest earnings growth in fiscal 2017 and a "more robust growth" in fiscal 2018. The Zacks analyst likes Disney's movie business and the parks & resorts division. The company is expected to report Q4 results on February 14th. (You can read the full research report on Disney here >>> )

Other noteworthy reports we are featuring today include BlackBerry (BBRY), Adobe (ADBE) and Cisco (CSCO). You can check all of today's research reports here >>>

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Sheraz Mian

Director of Research

Note: Sheraz Mian is an acknowledged expert on corporate earnings and manages the Zacks Focus List and the annual Top 10 portfolios. The Top 10 Stocks for 2017 portfolio will be coming out on January 3rd, 2017. To find out more about the new Top 10 portfolio, click here >>> .

If you want an email notification each time Sheraz publishes a new article, pleaseclick here>>>

Today's Must Read

IBM's (IBM) Strategic Imperatives to Drive Future Growth

BP Plc (BP) to Benefit from Oil Producers' Output Cut Deal

Disney's (DIS) Movie Business Touches New Record in 2016

Featured Reports

Paychex (PAYX) Q2 Earnings & Revenues Grow Y/Y, View Same

The Zacks analyst thinks that despite the risks, these factors will drive growth.

St. Jude (STJ) Poised on Innovation amid Hospital Budget Woe

The covering analyst is upbeat on St. Jude's innovative portfolio and regulatory approvals. Lower demand for capital equipment, fueled by tough hospital budget environment remains a concern.

Cisco's (CSCO) Data Center Business to Grow Amid Hurdles

The Zacks analyst believes that although competition from smaller players gathers steam, there is room to grow for Cisco in the datacenter and security business.

Time Warner's (TWX) Strategic Initiatives Bode Well

The covering analyst thinks Time warner's initiatives such as foraying into new markets and digital endeavors bode well, as evident from its positive earnings surprise streak.

PG&E Corporation's (PCG) Financials Impress, Penalties a Woe

The Zacks analyst believes that PG&E Corporation's stable cash generating capacity and project investments will drive its future growth.

Oil Price Volatility Clouds Outlook for Petrobras (PBR)

The covering analyst likes Petrobras' healthy production growth and recent discoveries but is worried over the crude price slump that has adversely affected the group's earnings and cash flows.

Emerson's (EMR) Restructuring and Buyout Plans Hold Promise

The Zacks analyst thinks high infrastructure spending will offset the weakness in the industrial and oil & gas businesses.

New Upgrades

Actuant (ATU) Beats Q1 Earnings, Up to Buy on Growth Drivers

Actuant's adjusted earnings in the fiscal first quarter surpassed the Zacks Consensus Estimate. The company is poised to grow on acquisitions, increased free cash flow, lower costs and restructuring.

Winnebago's (WGO) Q1 Earnings Beat Estimates, Rise Y/Y

The covering analyst appreciates Winnebago's better-than-expected revenues and earnings in Q1. Better performance in Towable segment driven by benefits of Grand Design acquisition is another positive.

BlackBerry (BBRY) Incurs Narrower-Than-Expected Loss in Q3

The Zacks analyst appreciates the company's better-than-expected bottom-line performance in Q3. The company's decision to raise its fiscal 2017 adjusted EPS guidance is another positive.

New Downgrades

Valspar's (VAL) Q4 Earnings & Revenues Trail Estimates

Valspar remains exposed to currency headwinds and volatility in raw material costs. Moreover, the overall demand environment remains uneven, per the Zacks analyst.

Adobe (ADBE) Hurt by Lower End Market Demand

The covering analyst believes that lower end-market demand as a result of weak global economic conditions could impact Adobe.

Allergan (AGN) to be Hit by Generic Woes, Pricing Pressures

The Zacks analyst believes that generic competition for quite a few of Allergan's branded products and the ongoing focus on drug pricing could hurt the performance of the company's branded business.

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INTL BUS MACH (IBM): Free Stock Analysis Report

DISNEY WALT (DIS): Free Stock Analysis Report

CISCO SYSTEMS (CSCO): Free Stock Analysis Report

BP PLC (BP): Free Stock Analysis Report

BLACKBERRY LTD (BBRY): Free Stock Analysis Report

ADOBE SYSTEMS (ADBE): Free Stock Analysis Report

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Zacks Investment Research

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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