Yahoo Finance The Zacks Analyst Blog Highlights: PayPal, ConocoPhillips, T-Mobile, Zoetis and PACCAR
For Immediate Release
Chicago, IL –July 17, 2018 – 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 PayPal PYPL, ConocoPhillips COP, T-Mobile TMUS, Zoetis ZTS and PACCAR PCAR.
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for PayPal, ConocoPhillips and T-Mobile
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 PayPal, ConocoPhillips and T-Mobile. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
PayPal’s shares have outperformed the Zacks Internet Software industry over the last year (+52.8% vs. +35.3%). The Zacks analyst thinks PayPal continues to benefit from its growing number of acquisitions and strategic partnerships with CaixaBank, Bankia, HSBC and Barclays Bank. All these remain positive for its improving customer base.
Additionally, the introduction of new services and offers for the debit and credit card users are helping it to attract new customers to the platform. This will continue to benefit the company’s total payment volume. Further, new agreement with eBay will make PayPal as former’s payment partner, which will help the company to recover what it had lost from the discontinuation of previous partnership between the two companies.
Estimates have been stable lately ahead of the company’s Q2 earnings release. The company has positive record of earnings surprises in recent quarters. However, foreign exchange fluctuations, interest rate risks and intensifying competition are major concerns.
Shares of Strong Buy-ranked ConocoPhillips are up +66.8% over the last year, outperforming the Zacks U.S. Integrated Oil industry, which has gained +44% over the same period. ConocoPhillips is one of the largest exploration and production players in the world based on proved reserves and production.
The Zacks analyst likes the company’s initiative to divest non-core assets as the explorer could divert the proceeds toward oil-rich Eagle Ford shale, Delaware basin and Bakken shale. In fact, there are significant opportunities for the firm in the Eagle Ford where it owns about 3,400 undrilled locations. Strong focus on these prospective resources is expected to help ConocoPhillips achieve its target of 22% compound annual growth rate (CAGR) of production through 2017 to 2020.
The oil and gas explorer is also strongly committed toward returning cash to stockholders as reflected by the firm’s decision to boost the 2018 share buyback plan to $3 billion from the prior projection of $2 billion.
T-Mobile’s shares have outperformed the Zacks National Wireless industry over the last three months, losing -2.1% vs. -2.5%. T-Mobile has rolled out 600 MHz wireless spectrum across its footprints and conducted Narrowband Internet of Things tests. T-Mobile and Sprint have agreed to merge.
The Zacks analyst thinks the deal will help accelerate development of faster 5G wireless networks. The combined entity will have about 127 million customers. It will experience the network capacity to rapidly create a nationwide 5G network. T-Mobile’s innovative network expansion methodologies continue to be faster and technologically sounder.
However, a competitive and saturated wireless market and high costs of the low-priced promotional plans remain major headwinds. The company has increased its top-line by adding customers but compromised on its profitability. Industry consolidation and intense competition could limit T-Mobile’s ability to attract and retain customers and may adversely affect its operating results.
Other noteworthy reports we are featuring today include Zoetis and PACCAR.
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PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
PACCAR Inc. (PCAR) : Free Stock Analysis Report
Zoetis Inc. (ZTS) : Free Stock Analysis Report
ConocoPhillips (COP) : Free Stock Analysis Report
T-Mobile US, Inc. (TMUS) : Free Stock Analysis Report
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