Yahoo Finance The Zacks Analyst Blog Highlights Thermo Fisher Scientific, Disney, Southern Copper, Tractor Supply and Omnicom
For Immediate Release
Chicago, IL – May 2, 2024 – 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: Thermo Fisher Scientific Inc. TMO, The Walt Disney Co. DIS, Southern Copper Corp. SCCO, Tractor Supply Co. TSCO and Omnicom Group Inc. OMC.
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for Thermo Fisher, Disney and Southern Copper
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 Thermo Fisher Scientific Inc., The Walt Disney Co. and Southern Copper Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Thermo Fisher Scientific’s shares have outperformed the Zacks Medical - Instruments industry over the past year (+4.9% vs. +3.0%). The company is braving the ongoing tough economic conditions by utilizing the (Practical Process Improvement) PPI Business System, resulting in strong financial performance.
Thermo Fisher Scientific’s growth strategy is further bolstered by the introduction of the Axiom PangenomiX Array, a high-throughput array designed for global genomic studies. The consistent efforts to expand bioproduction purification resin capacity, which is used in the mRNA manufacturing process, look encouraging.
The company continues to prioritize its partnership with customers to drive innovation and improve patient care, which bodes well. A strong solvency position is an added advantage. The raised 2024 outlook instills optimism. However, the year-over-year decline in revenues in Life Science Solutions and Laboratory Products and Biopharma Services looks disappointing.
(You can read the full research report on Thermo Fisher Scientific here >>>)
Shares of Walt Disney have outperformed the Zacks Media Conglomerates industry over the past year (+10.8% vs. -0.1%). The company is benefiting from a solid revival in the domestic and international theme park businesses. Recent attractions like the Frozen theme land at Hong Kong Disneyland and Walt Disney Park in Paris, as well as the Zootopia theme land at Shanghai Disney, are expected to boost the prospects of the theme park business.
The company’s declining ad revenues due to fewer impressions have been a headwind for some time now. Disney+’s profitability is expected to be hurt by higher investments in content, which will increase programming and production costs in the Media and Entertainment Distribution segment.
Its leveraged balance sheet remains a concern. Disney+ is facing tough competition in the streaming market from the likes of Netflix and Amazon Prime Video.
(You can read the full research report on Walt Disney here >>>)
Southern Copper’s shares have outperformed the Zacks Mining - Non Ferrous industry over the past year (+59.4% vs. +43.7%). The company expects copper production to be up 4.1% year over year and reach 948,800 tons in 2024 driven by the Pilares project running at full capacity and the Buenavista zinc concentrator ramp-up.
Copper prices had been impacted in the earlier part of 2024 due to weak demand in China and the manufacturing sector. However, prices have rebounded recently supported by China's output reduction plans and pickup in industrial activity. Higher output and metal prices will aid the top line and cost-control measures will help offset the impact of inflated labor and operating costs on margins.
With substantial copper reserves and strategic growth investments, Southern Copper is positioned for strong performance. The long-term prospects for copper remains positive, buoyed by U.S. infrastructure investment and global clean energy transition.
(You can read the full research report on Sothern Copper here >>>)
Other noteworthy reports we are featuring today include Tractor Supply Co. and Omnicom Group Inc.
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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Omnicom Group Inc. (OMC) : Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
Tractor Supply Company (TSCO) : Free Stock Analysis Report
The Walt Disney Company (DIS) : Free Stock Analysis Report
Southern Copper Corporation (SCCO) : Free Stock Analysis Report
