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Top Research Reports for Eli Lilly, Linde & Caterpillar

Wednesday, April 17, 2024

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. (LLY), Linde plc (LIN) and Caterpillar Inc. (CAT). 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's shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+101.8% vs. +15.6%). The Zacks analyst believes that a solid portfolio of drugs for cancer, diabetes and autoimmune diseases and a solid pipeline for drugs in the area of obesity and Alzheimer’s have been helping the company’s growth.


Yet, generic competition for some drugs, rising pricing pressure and challenges in meeting strong demand for incretin products like Trulicity are some top-line headwinds.

(You can read the full research report on Eli Lilly here >>>)

Linde’s shares have outperformed the Zacks Chemical – Specialty industry over the last six months (+20.0% vs. -7.9%). The Zacks analyst believes that stable cash flows arising out of long-term contracts with on-site customers and a substantial backlog have ensured that the company’s earning potential keeps climbing.

However, rising competition for new projects in emerging markets remains a concern. The decrease in U.S. industrial production is also expected to reduce the demand for industrial gases, affecting profits.

(You can read the full research report on Linde here >>>)

Shares of Caterpillar have outperformed the Zacks Manufacturing – Construction and Mining industry over the past year (+59.8% vs. +57.2%). Per the Zacks analyst, the company’s cost-saving actions, strong end-market demand and pricing moves have offset the impact of the supply-chain interruptions and cost pressures. Rising global construction activity has also been a major tailwind.

Yet, slowdown of the Chinese real estate sector and higher cost of materials remain concerns.

(You can read the full research report on Caterpillar here >>>)

Other noteworthy reports we are featuring today include Salesforce, Inc. (CRM), Wells Fargo & Co. (WFC) and Arista Networks, Inc. (ANET).

Mark Vickery
Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read

Lilly (LLY) New Products Hold Key to Long-Term Growth

Linde's (LIN) Long-Term Contracts With Minimum Volume Aid

Caterpillar (CAT) to Gain on Strong Demand in End Markets

Featured Reports

Rising Commercial Demand Aids HEICO (HEI), Supply Chain Ails
Per the Zacks analyst, HEICO enjoys an increasing demand due to the recovering commercial air travel worldwide. Yet, disruptions, delays and shortages in the global supply chain impacts performance.

Old Dominion (ODFL) Strong on Dividends Amid Revenue Woes
The Zacks analyst likes the company's efforts to reward its shareholders. However, below-par revenues due to the weak freight demand scenario remain a concern.

Digital Transformation and Acquisitions Aid Salesforce (CRM)
Per the Zacks analyst, Salesforce is benefiting from ongoing digital transformations and the adoption of its cloud services. Moreover, strategic acquisitions like Slack and Tableau are positive.

IDEXX (IDXX) Rides on Strong global growth, Forex Woe Ails
The Zacks analyst is impressed with IDEXX's global premium installed base, reflecting gains across the Catalyst, Premium Hematology, and SediVue platforms. Forex woes remain a concern.

Carnival (CCL) Banks on Booking Improvements, High Costs Ail
Per the Zacks analyst, Carnival benefits from solid demand, robust booking volumes and advertising activities. However, increased cruise costs and geopolitical uncertainty are concerns.

NVR's Disciplined Business Model & Rising Demand Bode Well
Per the Zacks analyst, NVR is benefiting from a disciplined business model and solid housing market demand.

Humana (HUM) Gains From Solid Membership Levels Amid High Costs
Per the Zacks Analyst, robust Individual Medicare Advantage membership, courtesy of several contract wins, should aid Humana's top line. However, escalating expenses continue to weigh on margins.

New Upgrades

Corcept (CORT) Rides on Robust Korlym Sales Performance
Per the Zacks analyst, Corcept's sole drug, Korlym, approved for treating Cushing's syndrome, is driving the top-line. The company is also making good progress with its promising pipeline candidates.

Arista (ANET) Rides on Robust Demand & Portfolio Strength
Per the Zacks analyst, healthy traction in the cloud networking vertical will likely boost Arista's top line. Easing of supply chain anomalies and steady improvement in gross margin are tailwinds.

Wells Fargo (WFC) Rides on Deposit Growth & Solid Liquidity
Per the Zacks analyst, Wells Fargo is set to benefit from deposit growth and efforts to manage expenses efficiently. Also, its solid liquidity position supports capital distribution activities.

New Downgrades

High Costs, Volatile Iron Ore Price Ail National Steel (SID)
The Zacks analyst is concerned that the recent volatility in iron ore prices and higher costs for raw materials and fuel rising will weigh on National Steel's margins.

Hibbett (HIBB) Witnesses Inflationary Pressures & Weak Margins
Per Zacks analyst, Hibbett is witnessing muted discretionary spend due to inflationary pressures. Gross margin fell in fourth quarter on lower average product margin and higher store-occupancy costs.

Lower Prices, Operational Constraints Ail Methanex (MEOH)
Per the Zacks analyst, operational issues, including facility turnarounds, will impact the company's production. Lower methanol prices will also hurt its margins.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Wells Fargo & Company (WFC) : Free Stock Analysis Report

Salesforce Inc. (CRM) : Free Stock Analysis Report

Caterpillar Inc. (CAT) : Free Stock Analysis Report

Eli Lilly and Company (LLY) : Free Stock Analysis Report

Linde PLC (LIN) : Free Stock Analysis Report

Arista Networks, Inc. (ANET) : Free Stock Analysis Report

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Zacks Investment Research