Chicago, IL – January 11, 2018 – 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 Denbury Resources Inc. DNR, ProPetro Holding Corp. PUMP, Texas Instruments Inc. TXN, Caterpillar Inc. CAT and Huntsman Corporation HUN.
Needless to say, financial stocks have had a solid run over the last few months, buoyed by optimism surrounding the rise in interest rates. For the finance sector as a whole, total Q4 earnings results are expected to be up 3.1% from the same period last year (read more: Q4 Bank Earnings Will be Messy & Noisy).
The energy sector, in particular, is expected to record the strongest growth in the fourth quarter. Total earnings for the sector are expected to grow a whopping 176.3% on 23.7% higher revenues. The sector is benefitting from an uptick in oil and gas output to a revolution in the power mix to rise of electric vehicle. President Trump also continues to roll back regulations to boost oil production and save the coal industry.
A steady rally among semiconductors also supported the broader tech sector at the beginning of this year, while the PHLX Semiconductor index gained nearly 40% last year. These makers of computer chips utilized in everything from smartphones to self-driving cars, in fact, recently got a boost from a survey by the Semiconductor Industry Association. The report showed that worldwide chip sales climbed 21.5% last November from a year earlier (read more: Tech Bigwigs Rise and Shine in 2018: 5 Must Buys).
The table below shows what is expected from the different sectors in Q4, compared with what was achieved in the preceding quarter.
Denbury Resources Inc. operates as an independent oil and natural gas company in the United States. The company is expected to report earnings results for the quarter ending December 2017 on Feb 22. Denbury Resources has an Earnings ESP of +77.78%. The company, which is part of the Zacks Oil and Gas - Exploration and Production - United States industry, has a Zacks Rank #1 and a VGM Score of A.
(Looking for the Best Stocks for 2018? Be among the first to see our Top Ten Stocks for 2018 portfolio here.)
ProPetro Holding Corp. provides oilfield services. The company offers hydraulic fracturing and other complementary services. The company is expected to report earnings results for the quarter ending December 2017 on Feb 7. ProPetro Holding has an Earnings ESP of +13.39%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
ProPetro Holding, which is part of the Zacks Oil and Gas - Field Services industry, has a Zacks Rank #1 and a VGM Score of A.
Texas Instruments Inc. designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. The company is expected to report earnings results for the quarter ending December 2017 on Jan 23. Texas Instruments has an Earnings ESP of +0.75%. The company, which is part of the Zacks Semiconductor - General industry, has a Zacks Rank #2 and a VGM Score of B. You can see the complete list of today’s Zacks #1 Rank stocks here.
Caterpillar Inc. manufactures and sells construction and mining equipment, diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company is expected to report earnings results for the quarter ending December 2017 on Jan 25. Caterpillar has an Earnings ESP of +4.82%. The company, which is part of the Zacks Manufacturing - Construction and Mining industry, has a Zacks Rank #2 and a VGM Score of B (read more: Caterpillar at All-Time High, Spotlight on Industrial Stocks).
Huntsman Corporation manufactures and sells differentiated organic and inorganic chemical products worldwide. The company is expected to report earnings results for the quarter ending December 2017 on Feb 21. Huntsman has an Earnings ESP of +1.04%. The company, which is part of the Zacks Chemical - Diversified industry, has a Zacks Rank #2 and a VGM Score of A.
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/performancefor information about the performance numbers displayed in this press release.