The Zacks Analyst Blog Highlights: JPMorgan Chase, Altria, ConocoPhillips, The Travelers Companies and Twitter

For Immediate Release

Chicago, IL – November 20, 2019 – 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: JPMorgan Chase & Co. JPM, Altria Group, Inc. MO, ConocoPhillips Co. COP, The Travelers Companies, Inc. TRV and Twitter, Inc. TWTR.

Here are highlights from Tuesday’s Analyst Blog:

Top Research Reports for JPMorgan, Altria Group and ConocoPhillips

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 JPMorgan Chase & Co., Altria Group, Inc. and ConocoPhillips Co.. 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 >>>

JPMorgan’s shares have outperformed the Zacks Banks - Major Regional industry year to date (+33.8% vs. 29.3%). The Zacks analyst believes that the company recorded impressive bond trading and underwriting business performance in third-quarter 2019. Also, decent loan growth, acquisition of InstaMed, opening of new branches and focus on strengthening credit card business will aid financials amid the Fed’s accommodative policy.

But, the company’s significant dependence on capital markets revenues makes us apprehensive, given the several geopolitical concerns. Also, the bank is likely to face challenges in expanding mortgage operations. Thus, these matters are expected to hamper fee revenue growth.

Shares of Altria Group have lost 7.6% in the past six months against the Zacks Tobacco industry’s decline of 3.2%. The Zacks analyst believes that the company’s shares have declined primarily due to headwinds surrounding the cigarette unit.

Management expects volumes at the domestic cigarette industry to decline 5-6% in 2019. In this context, tight regulations surrounding sales and marketing of cigarettes along with consumers’ rising health awareness are deterrents.

Nonetheless, prudent pricing strategies have been aiding Altria to boost revenues in its smokeable and smokeless units as witnessed during the third quarter of 2019. During the quarter, earnings and revenues improved year on year.

Shares of ConocoPhillips have lost 9.2% in the past six months against S&P 500’s rise of 9.6%. The Zacks analyst believes that ConocoPhillips’ expectations for higher production costs and operating expenses are concerning.

For third-quarter 2019, ConocoPhillips projects production in the range of 1,290-1,330 MBoe/D, suggesting a sequential reduction in volumes from 1,332 MBoe/d. The company expects this underperformance owing to planned turnarounds in Alaska, Asia Pacific and Europe. Moreover, the firm projects total production and operating expenses of $5.4 billion, higher than $5.2 billion for 2018.

On the positive side, the balance sheet of ConocoPhillips is significantly less leveraged than the industry it belongs to, reflecting strong financials.

Other noteworthy reports we are featuring today include The Travelers Companies, Inc. (TRV) and Twitter, Inc. (TWTR).

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
 
Twitter, Inc. (TWTR) : Free Stock Analysis Report
 
The Travelers Companies, Inc. (TRV) : Free Stock Analysis Report
 
ConocoPhillips (COP) : Free Stock Analysis Report
 
Altria Group, Inc. (MO) : Free Stock Analysis Report
 
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