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The Zacks Analyst Blog Highlights: Procter & Gamble, Boeing, Coca-Cola, Verizon and McDonald's

For Immediate Release

Chicago, IL -October 25, 2018 - 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: Procter & GamblePG , BoeingBA , Coca-ColaKO , VerizonVZ and McDonald'sMCD .

Here are highlights from Wednesday's Analyst Blog:

Stocks Erase 2018 Gains: Here's What Survived in the Green

Stocks tumbled on Wednesday, erasing the year-to-date gains of at least two major indexes and proving that a number of market-wide and industry-specific headwinds are still weighing heavily on the minds of investors as a brutal October on Wall Street trudges along.

The S&P 500 fell 3.1% on the day and turned red for the year. The Dow Jones Industrial Average dropped more than 606 points, also bringing it below its 2017 close. Meanwhile, the tech-heavy Nasdaq Composite fell 4.4% and finished in correction territory.

The FAANG stocks-Facebook, Amazon, Apple, Netflix and Alphabet - all fell sharply on Wednesday.

Microsoft and Tesla, which reported earnings after the bell, dropped during regular hours but did see after-hours pops in the initial response to their announcements.

Investors were eager to sell today as murky macroeconomic conditions and fresh corporate reports underscored many of Wall Street's recent fears.

The latest data from Caterpillar showed once again that ongoing trade disputes and new tariffs are causing input costs for industrials to rise, while semiconductor giant Texas Instruments warned that demand for chips was weakening (also read: Did Texas Instruments' Earnings Just Spell Doom for Chip Stocks? ).

Just five of the 30 components of the Dow remained in the green today: Procter & Gamble, Boeing, Coca-Cola, Verizon and McDonald's.

Boeing was lifted by the aerospace giant's strong earnings announcement before the bell. The company managed to beat estimates on the top and bottom lines and raise its full-year guidance.

The Dow's biggest losers during regular hours were United Technologies, Caterpillar and Microsoft.

Some of the day's volatility could also be blamed on the latest new home sales figures, which hit a near two-year low.

"The housing numbers were not good," JJ Kinahan, chief market strategist at TD Ameritrade , said via CNBC . "There's a lot of uncertainty heading into the end of the year. It just feels like people feel more comfortable spending short-term rather than long term."

Investors will now look for respite from some of the market's top performers throughout the course of the bull market, including soon-to-report tech behemoth Amazon. Analysts are expecting the e-commerce leader to post earnings growth of 533% and revenue growth of 30%, according to our latest consensus estimates.

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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.

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Verizon Communications Inc. (VZ): Free Stock Analysis Report

The Boeing Company (BA): Free Stock Analysis Report

Coca-Cola Company (The) (KO): Free Stock Analysis Report

McDonald's Corporation (MCD): Free Stock Analysis Report

Procter & Gamble Company (The) (PG): 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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