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
For financial firms, the cloud is going to increasingly become a crucial part of dealing with customers over the next five years and beyond, particularly with the growing use and acceptance of virtual currencies. There are new data storage paradigms on the horizon that will deliver secure solutions for storing and moving sensitive financial data around the world without touching terrestrial networks. In his session at 20th Cloud Expo, Cliff Beek, President of Cloud Constellation Corporation, d...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, discussed how AI can simplify cloud operations. He covered the following topics: why cloud mana...
As more and more companies are making the shift from on-premises to public cloud, the standard approach to DevOps is evolving. From encryption, compliance and regulations like GDPR, security in the cloud has become a hot topic. Many DevOps-focused companies have hired dedicated staff to fulfill these requirements, often creating further siloes, complexity and cost. This session aims to highlight existing DevOps cultural approaches, tooling and how security can be wrapped in every facet of the bu...
SYS-CON Events announced today that CAST Software will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
SYS-CON Events announced today that Golden Gate University will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
Vulnerability management is vital for large companies that need to secure containers across thousands of hosts, but many struggle to understand how exposed they are when they discover a new high security vulnerability. In his session at 21st Cloud Expo, John Morello, CTO of Twistlock, will address this pressing concern by introducing the concept of the “Vulnerability Risk Tree API,” which brings all the data together in a simple REST endpoint, allowing companies to easily grasp the severity of t...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale.
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 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 planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
In his session at 20th Cloud Expo, Scott Davis, CTO of Embotics, discussed how automation can provide the dynamic management required to cost-effectively deliver microservices and container solutions at scale. He also discussed how flexible automation is the key to effectively bridging and seamlessly coordinating both IT and developer needs for component orchestration across disparate clouds – an increasingly important requirement at today’s multi-cloud enterprise.
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
IT organizations are moving to the cloud in hopes to approve efficiency, increase agility and save money. Migrating workloads might seem like a simple task, but what many businesses don’t realize is that application migration criteria differs across organizations, making it difficult for architects to arrive at an accurate TCO number. In his session at 21st Cloud Expo, Joe Kinsella, CTO of CloudHealth Technologies, will offer a systematic approach to understanding the TCO of a cloud application...