Welcome!

News Feed Item

The Zacks Analyst Blog Highlights:ADP, Microsoft, Boeing, JPMorgan Chase and Goldman Sachs Group

CHICAGO, April 7, 2014 /PRNewswire/ -- 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 the ADP (Nasdaq:ADP-Free Report), Microsoft Corporation (Nasdaq:MSFT-Free Report), Boeing Co. (NYSE:BA-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report) and Goldman Sachs Group, Inc. (NYSE:GS-Free Report).

Zacks Investment Research, Inc., www.zacks.com.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday's Analyst Blog:

Dow 30 Stock Roundup

The Dow made significant gains this week, riding on strong economic data. Consumer spending and manufacturing data came in positive. Meanwhile, the ADP report revealed that private sector hiring had improved in March. The Fed also reiterated its policy of continued support to the economy. Thursday was the only day when investors remained cautious, ahead of crucial nonfarm payroll data. During the first four trading days, the Dow moved up 0.70%.

Last Week's Performance

The Dow gained 0.4%, boosted by encouraging consumer spending data. Personal consumption expenditure increased 0.3% in February. This was in line with consensus expectation and also with the rate of growth in January. Disposable personal income too increased 0.3% in February, up from 0.2% increase in January. The launch of Microsoft Office on iPads propelled the Dow to end in the green.

For the week, the Dow ended 0.1% higher. Conversely, the S&P 500 and the Nasdaq Composite Index ended the week in the red due to a drop in bio-tech stocks. Declines in financial and material sectors also dragged the markets lower. Throughout the week, escalating tension over Crimea kept the mood jittery.

The Dow This Week

The blue chip index gained 0.8% on Monday buoyed by Fed Chair Janet Yellen's comment that the central bank will maintain its "extraordinary commitment" to support the economy for some more time. Investor sentiment received a further boost from the possibility that the ECB will begin a monetary stimulus program to counter effects of deflation in the Eurozone. The Dow lost 0.7% during the first quarter of 2014, but gained 0.7% over last month.

Markets finished in the green on Tuesday following encouraging manufacturing data. March PMI increased 0.5 percentage points to 53.7%. Better-than-expected new-vehicle sales for March also boosted investor sentiment. This was the third-straight day of gains for the markets. Total vehicle sales increased to an annualized rate of 16.4 million in March. Consequently, the Dow gained 0.5%.

The Dow gained once again on Wednesday, by 0.2%, boosted by encouraging private-sector hiring numbers. The ADP (Nasdaq:ADP-Free Report) report showed private sector hiring improved in March. Benchmarks' finish in the green was also aided by an increase in factory orders in February. New orders for manufactured goods increased 1.6% in February. This was the fourth-straight day of gains for the benchmarks.

The blue chip index ended nearly flat on Thursday, as investors adopted a wait-and-see approach ahead of Friday's nonfarm payroll data. Economic data came in mixed, hardly impacting the cautious stance of investors. Reports revealed that the service sector situation had improved while weekly jobless claims and the U.S. trade deficit had increased. Benchmarks snapped a four-day winning streak and ended lower.

Components which Moved the Index

Microsoft Corporation (Nasdaq:MSFT-Free Report) gained 2.4% last Friday after announcing Thursday that it was bringing Microsoft Office to the iPad. All individual apps such as Word, Excel and Powerpoint can be installed free of cost. However, this only allows you to read documents. An Office 365 subscription will be required to edit and create documents. The company also spoke of shifting its focus from Windows. The stock was the biggest gainer among the Dow components for the day.

The Boeing Co. (NYSE:BA-Free Report) has won a sizable firm order from Canada's largest airline, Air Canada, for a total of 61 Boeing single-aisle jets, worth $6.5 billion at list prices. The contract includes the delivery of 33 737 Max 8 and 28 737 MAX 9 jets, with Air Canada having options and rights on an additional 48 aircraft.

A couple of big orders from Japanese airline operators further boosted the order book of the company. The combined value of the orders at list prices comes to a whopping $14.1 billion. The larger order among the two, worth $13.1 billion came from Boeing's old Japanese customer All Nippon Airways ("ANA").

Another order worth $1.3 billion came from Japan Transocean Air for 12 Next-Generation 737-800 airplanes. In its first quarter of 2014, Boeing delivered 161 airplanes, approximately 17.5% higher than the year-ago number.

JPMorgan Chase & Co. (NYSE:JPM-Free Report) continues to face legal hassles pertaining to 'London Whale' trading loss of $6.2 billion. U.S. District Judge George Daniels upheld the case filed by shareholders, which accused the company of covering up the risks related to derivative transactions.

Daniels stated that shareholders can pursue the case against JPMorgan Chief Executive (CEO) Jamie Dimon and former Chief Financial Officer (CFO) Douglas Braunstein for misrepresenting the facts about the company's risk management capabilities.

The Goldman Sachs Group, Inc. (NYSE:GS-Free Report) is in talks with IMC Financial Markets to vend its floor-trading business that operates in the New York Stock Exchange (NYSE). However, the company will continue to serve as a brokerage firm providing liquidity electronically for the NYSE-listed stocks.

Meanwhile, Goldman Sachs and some of the world's top cable producing firms have been slammed with a total fine of €301.6 million by the European Union (EU) regulators. The companies were fined on the basis of investigations which revealed that these deliberately operated an illegal cable cartel for nearly 10 years since 1999.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on ADP - FREE
Get the full Report on MSFT - FREE
Get the full Report on BA - FREE
Get the full Report on JPM - FREE
Get the full Report on GS - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com

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

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Most companies are adopting or evaluating container technology - Docker in particular - to speed up application deployment, drive down cost, ease management and make application delivery more flexible overall. As with most new architectures, this dream takes a lot of work to become a reality. Even when you do get your application componentized enough and packaged properly, there are still challenges for DevOps teams to making the shift to continuous delivery and achieving that reduction in cost...
SYS-CON Events announced today that SoftLayer, an IBM Company, has been named “Gold Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. SoftLayer, an IBM Company, provides cloud infrastructure as a service from a growing number of data centers and network points of presence around the world. SoftLayer’s customers range from Web startups to global enterprises.
Imagine having the ability to leverage all of your current technology and to be able to compose it into one resource pool. Now imagine, as your business grows, not having to deploy a complete new appliance to scale your infrastructure. Also imagine a true multi-cloud capability that allows live migration without any modification between cloud environments regardless of whether that cloud is your private cloud or your public AWS, Azure or Google instance. Now think of a world that is not locked i...
Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls "Bimodal IT," where business struggle to apply modern tools and practices to traditional monolithic applications. But these existing assets can be modernized and made more efficient without havin...
SYS-CON Events announced today that Auditwerx will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Auditwerx specializes in SOC 1, SOC 2, and SOC 3 attestation services throughout the U.S. and Canada. As a division of Carr, Riggs & Ingram (CRI), one of the top 20 largest CPA firms nationally, you can expect the resources, skills, and experience of a much larger firm combined with the accessibility and attent...
SYS-CON Events announced today that Technologic Systems Inc., an embedded systems solutions company, will exhibit at SYS-CON's @ThingsExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Technologic Systems is an embedded systems company with headquarters in Fountain Hills, Arizona. They have been in business for 32 years, helping more than 8,000 OEM customers and building over a hundred COTS products that have never been discontinued. Technologic Systems’ pr...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From ...
SYS-CON Events announced today that HTBase will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. HTBase (Gartner 2016 Cool Vendor) delivers a Composable IT infrastructure solution architected for agility and increased efficiency. It turns compute, storage, and fabric into fluid pools of resources that are easily composed and re-composed to meet each application’s needs. With HTBase, companies can quickly prov...
What if you could build a web application that could support true web-scale traffic without having to ever provision or manage a single server? Sounds magical, and it is! In his session at 20th Cloud Expo, Chris Munns, Senior Developer Advocate for Serverless Applications at Amazon Web Services, will show how to build a serverless website that scales automatically using services like AWS Lambda, Amazon API Gateway, and Amazon S3. We will review several frameworks that can help you build serverle...
SYS-CON Events announced today that Loom Systems will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Founded in 2015, Loom Systems delivers an advanced AI solution to predict and prevent problems in the digital business. Loom stands alone in the industry as an AI analysis platform requiring no prior math knowledge from operators, leveraging the existing staff to succeed in the digital era. With offices in S...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, will present a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to max...
MongoDB Atlas leverages VPC peering for AWS, a service that allows multiple VPC networks to interact. This includes VPCs that belong to other AWS account holders. By performing cross account VPC peering, users ensure networks that host and communicate their data are secure. In his session at 20th Cloud Expo, Jay Gordon, a Developer Advocate at MongoDB, will explain how to properly architect your VPC using existing AWS tools and then peer with your MongoDB Atlas cluster. He'll discuss the secur...
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
SYS-CON Events announced today that Infranics will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Since 2000, Infranics has developed SysMaster Suite, which is required for the stable and efficient management of ICT infrastructure. The ICT management solution developed and provided by Infranics continues to add intelligence to the ICT infrastructure through the IMC (Infra Management Cycle) based on mathemat...