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]

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
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect at GE, and Ibrahim Gokcen, who leads GE's advanced IoT analytics, focused on the Internet of Things / Industrial Internet and how to make it operational for business end-users. Learn about the challenges posed by machine and sensor data and how to marry it with enterprise data. They also discussed the tips and tricks to provide the Industrial Internet as an end-user consumable service using Big Data Analytics and Industrial C...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. Digital Transformation (DX) is a major focus with the introduction of DXWorldEXPO within the program. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term.
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
With privacy often voiced as the primary concern when using cloud based services, SyncriBox was designed to ensure that the software remains completely under the customer's control. Having both the source and destination files remain under the user?s control, there are no privacy or security issues. Since files are synchronized using Syncrify Server, no third party ever sees these files.
"We are an integrator of carrier ethernet and bandwidth to get people to connect to the cloud, to the SaaS providers, and the IaaS providers all on ethernet," explained Paul Mako, CEO & CTO of Massive Networks, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
I believe that this may finally be the year that the CIO role ‘crosses the Rubicon,' leaving behind its traditional, IT-focused orientation. But I don't believe that either of the previous predictions of this outcome — fading into oblivion or rising to a business executive level — is correct. Instead, I think this is the year that we will see the role of the CIO transformed into something altogether different.
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
"Calligo is a cloud service provider with data privacy at the heart of what we do. We are a typical Infrastructure as a Service cloud provider but it's been designed around data privacy," explained Julian Box, CEO and co-founder of Calligo, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.