CHICAGO, Oct. 24, 2011 /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: General Electric (NYSE: GE), Honeywell (NYSE: HON), McDonald's (NYSE: MCD), Dover Corp. (NYSE: DOV) and Verizon (NYSE: VZ).
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Friday's Analyst Blog:
Sound Earnings. Will Europe Help?
Developments in Europe remain the market's primary focus, offsetting the by and large reassuring earnings reports this morning. European leaders were initially expected to come out with a comprehensive plan in their weekend summit meeting, but those expectations have since come down. The expectation now is that 'something' will come out of this meeting, while the remaining issues will get finalized in a subsequent meeting on Wednesday next week.
The European uncertainty ensures that the market will be unable to breakout of its two-month old trading range despite the reassuring earnings season thus far. This morning's reports from General Electric (NYSE: GE), Honeywell (NYSE: HON) and McDonald's (NYSE: MCD) were particularly favorable.
General Electric met earnings expectations on better than expected revenue. The conglomerate reassuringly guided towards double-digit earnings growth next year despite the 'volatile economy.' Honeywell handily beat earnings and revenue expectations and raised guidance. Among other earnings reports from industrial players, Dover Corp. (NYSE: DOV) also came ahead of expectations.
Verizon (NYSE: VZ) beat on EPS, but came short on the revenue side, as the carrier added fewer than expected post-paid subscribers during the quarter. McDonald's came out with a solid EPS and revenue beat on the back of better than expected same-store sales growth.
The earnings reports in this reporting cycle thus far have been good; they are not spectacular, but reassuringly good enough relative to some of the more exaggerated pre-season fears. The market will make solid gains in the coming days If only the Europeans can get their act together.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which 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 at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
Share this article