Today's must-read reports are for Oracle (ORCL), Disney (DIS) , and Central Garden & Pet Company (CENT).
The market's positive reaction to Oracle's mixed earnings report after the close on Thursday - they missed the Zacks Consensus EPS estimate, but came out ahead on revenues - is kind of a sigh of relief; it could have been worse. That said, the company offered reassuring guidance and appears to be making steady progress in its cloud transition. The Zacks analyst discusses the pros and cons of the Oracle story in the research report linked nearby.
Disney's big Shanghai inauguration was partly overshadowed by the sad headlines out of Florida where a two-year boy fell victim to an alligator at the company's resort. But the company has high hopes from its new Chinese theme park, which allows it to market its offerings to that country's growing middle class. In the research report, linked nearby, the Zacks analyst discusses the growth promise of Disney's movie business and investors' ESPN concerns.
The Central Garden report, linked near-by in the 'must-read reports section, has been isued to reflect the rating upgrade to Zacks Rank # 1 (Strong Buy). The upgrade reflects the company's positive earnings momentum following its quarterly results, with estimates for this year and next steadily going up.
Today's Must Read
The chemical giant becomes the foreign company in the kingdom to get a trading license.
The analyst discusses the pros and cons of investing in Twitter shares at present.
In this updated research report, the analyst discusses the positive impact of increased marketing spending on Coke's improving North American volumes.
The company recently announced that its business process outsourcing unit will be called Conduent, with the document technology unit retaining the legacy name.
The analyst explains how this major regional bank has done an excellent job of growing its loan portfolio, but suffers because of the interest rate backdrop
The analyst discusses the strong momentum in the company's diversified business portfolio.
The company is benefiting from renewal of the .com contract and price hikes for the .com and .net domain names.
The downgrade to Zacks Rank # 5 (Strong Sell) reflects negative estimate revisions due to margin pressures and weakness in merchandise sales.
A host of near-term challenges lie ahead for Ralph Lauren as it tries to steady its floundering ship.
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