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The Zacks Analyst Blog Highlights: Volkswagen, Exxon Mobil, Chevron, Caterpillar and Boeing

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For Immediate Release

Chicago, IL - September 28, 2015 - 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 the Volkswagen AG ( VLKAY ), Exxon Mobil Corporation ( XOM ), Chevron Corporation ( CVX ), Caterpillar Inc. ( CAT ) and Boeing Co. ( BA ).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free .

Here are highlights from Friday's Analyst Blog:

Dow 30 Stock Roundup

The Dow endured a difficult week, weighed down by multiple concerns, especially those regarding China's economy. The blue-chip index gained on Monday after Federal Reserve President Dennis Lockhart's hawkish comments boosted investor sentiment. The Dow declined on Tuesday after selloff in commodity, auto and biotech stocks dragged benchmarks lower.

The blue-chip index moved lower on Wednesday due to decline in energy and raw material shares. The Dow suffered losses again on Thursday after a major component and leading heavy equipment company decided to cut jobs. The Dow has lost 1.1% during the first four trading days.

Last Week's Performance

The blue-chip index gained 0.8% on Monday. Federal Reserve President Dennis Lockhart's hawkish comments boosted investor sentiment. While acknowledging the Fed's multiple concerns, Lockhart said: "As things settle down, I will be ready for the first policy move on the path to a more normal interest-rate environment. I am confident the much-used phrase 'later this year' is still operative."

However, the day's gains were capped due to declines in biotech and drug manufacturing shares. Shares of healthcare companies fell sharply yesterday after U.S. Democratic presidential candidate Hillary Clinton said that she will lay out a plan to restrict "price gouging" in the specialty drugs market.

Meanwhile, rise in oil prices had a positive impact on energy shares. Oil prices ended higher on Monday on bets that global crude production will decline in future.

The Dow declined 1.1% on Tuesday after selloff in commodity, auto and biotech stocks dragged benchmarks lower. Shares of miners and other raw material producers tumbled on concerns about China's economy. This was a result of the negative impact on commodity prices following worries about slower growth in China.

Meanwhile, allegations of Volkswagen AG ( VLKAY ) cheating vehicle emission test weighed on auto stocks. Shares of Volkswagen plunged 15.5%. Biotech and drug manufacturing stocks declined for the second day in a row after U.S. Democratic presidential candidate Hillary Clinton said that she will lay out a plan to restrict the price of prescription drugs to $250 a month.

The blue-chip index lost 0.3% on Wednesday due to decline in energy shares; which in turn was a result of a rout in crude oil prices . Oil prices had moved north earlier in the session due to lower crude inventories.

However, rise in oil prices was offset by large buildup in U.S. gasoline stocks, which eventually dragged oil prices into negative territory. Dow components Exxon Mobil Corporation ( XOM ) and Chevron Corporation ( CVX ) dropped 0.6% and 1.5%, respectively.

Shares of raw material producers also tumbled after China's manufacturing data fell to its lowest level in September since Mar 2009. Meanwhile, Eurozone's manufacturing and services activity fell moderately in September.

The Dow declined again on Thursday, losing 0.5% after Caterpillar Inc.'s ( CAT ) decision to cut jobs weighed on the broader markets. Shares of the world's largest mining and construction equipment maker tanked 6.3% on Thursday, the most among the Dow components.

Meanwhile, investors' sentiment dwindled ahead of the Fed Chair's Janet Yellen's speech on inflation and monetary policy to be held after the market closes on Thursday. Investors are looking for clues on the timing of a rate hike. Healthcare stocks declined again with biotech companies leading losses.

Components Moving the Index

Boeing Co. ( BA ) announced orders and commitments for 300 jets from Chinese companies after its meeting with Chinese President Xi Jingping, who addressed about 600 Boeing employees inside an assembly bay at the company's Everett factory.

Of the 300 jets, 250 will be single aisle 737's and 50 will be wide-body jets. The total order of jets carries a list price of $38 billion, but after standard industry discounts, the actual value of the deal is typically half of that. Boeing said Chinese leasing companies ICBC and CDB will take 60 single aisled 737's, while the other 190 737's are divided among China's airlines.

The company also announced its largest investment in China. It has inked a cooperation document with Commercial Aircraft Corporation of China (Comac) for construction of an aircraft completion center for its 737 jet in China.

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VOLKSWAGEN-ADR (VLKAY): Free Stock Analysis Report

EXXON MOBIL CRP (XOM): Free Stock Analysis Report

CHEVRON CORP (CVX): Free Stock Analysis Report

CATERPILLAR INC (CAT): Free Stock Analysis Report

BOEING CO (BA): Free Stock Analysis Report

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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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