For Immediate Release
Chicago, IL – June 2, 2022 – 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: Eli Lilly and Co.
LLY
, ConocoPhillips
COP
, The PNC Financial Services Group, Inc.
PNC
, Equinix, Inc.
EQIX
and Freeport-McMoRan Inc.
FCX
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Eli Lilly, ConocoPhillips and PNC Financial
The Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Eli Lilly and Co., ConocoPhillips, and The PNC Financial Services Group, Inc.. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see
all of today’s research reports here >>>
Eli Lilly
shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+59.6 % vs. +26.0%) on the back of Lilly’s solid portfolio of core drugs in diabetes, autoimmune diseases and cancer. Lilly’s revenue growth is being driven by higher demand for drugs like Trulicity, Taltz, and others. It is regularly adding promising new pipeline assets through business development deals.
It has an exciting pipeline of potential new medicines including tirzepatide for type II diabetes and donanemab for early Alzheimer’s disease. Both candidates have multibillion-dollar sales potential.
However, generic competition for several drugs, rising pricing pressure in the United States mainly on key drug, Trulicity, and price cuts in some international markets like China, Japan and Europe are some top-line headwinds.
(You can
read the full research report on Eli Lilly here >>>
)
ConocoPhillips
shares have modestly outperformed the Zacks Oil and Gas – Integrated – United States industry over the past year (+96.1% vs. +89.5%). The company holds a bulk of acres in the unconventional plays of Eagle Ford shale, Permian Basin and Bakken shale. The Zacks analyst believes that significant opportunities are there for the firm in the Bakken Shale, where it owns about 750 undrilled locations that could provide access to huge reserves.
Notably, the company has revised its expected 2022 return of capital to shareholders upward to $10 billion, reflecting an increase from the prior-mentioned $8 billion. COP projects its 2022 production at 1.76 MMBoe/d, suggesting an improvement from 1.6 MMBoe/d reported last year. Also, the company’s balance sheet is significantly less leveraged than the industry it belongs to. Its massive liquidity position will enable it to pay off the short-term debt of $1,160 million. Given these tailwinds, ConocoPhillips is considered a preferred energy firm to own now.
(You can
read the full research report ConocoPhillips here >>>
)
PNC
shares have declined -8.0% over the past year against the Zacks Banks – Major Regional industry’s decline of -12.4%. The Zacks analyst believes that mounting expenses will likely keep denting the bottom line in the near term. Though the Fed has hiked interest rates and signaled more hikes this year, the overall low interest rate environment might strain the bank’s net interest margin (NIM) in the near term. The lack of diversification in the loan portfolio is concerning.
However, Economic growth and robust pipelines are expected to support loan and deposit balances, aiding its balance sheet. Planned investments in inorganic expansion strategies will strengthen its banking franchise and diversify its business mix. Sound capital deployment activities are other positives.
(You can
read the full research report on PNC here >>>
)
Other noteworthy reports we are featuring today include Equinix, Inc. and Freeport-McMoRan Inc.
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