Yahoo Finance The Zacks Analyst Blog Highlights Eli Lilly, Thermo Fisher Scientific, Lockheed Martin, Boston Scientific and Canadian Pacific Railway
For Immediate Release
Chicago, IL – April 17, 2023 – 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: Eli Lilly and Co. LLY, Thermo Fisher Scientific Inc. TMO, Lockheed Martin Corp. LMT, Boston Scientific Corp. BSX and Canadian Pacific Railway Ltd. CP.
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Eli Lilly, Thermo Fisher and Lockheed Martin
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 Eli Lilly and Co. (LLY), Thermo Fisher Scientific Inc. (TMO) and Lockheed Martin Corp. (LMT). 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 >>>
Eli Lilly's shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+25.4% vs. +10.3%). The company's revenue growth is being driven by higher demand for drugs like Trulicity, Taltz and others. Lilly expects to launch four new medicines by 2023 end with Mounjaro for type II diabetes already launched and cancer drug Jaypirca already approved.
Mounjaro is off to a solid start. However, the CRL for donanemab and mirikizumab will probably delay potential launch of the candidates by several months.
Generic competition for several drugs, rising pricing pressure in the United States mainly on key drugs, Trulicity, and price cuts in some international markets like China, Japan and Europe are a few top-line headwinds. Estimates have gone up slightly ahead of Q1 results. Lilly has a mixed record of earnings surprises in the recent quarters.
(You can read the full research report on Eli Lilly here >>>)
Shares of Thermo Fisher Scientific have outperformed the Zacks Medical - Instruments industry over the past year (+3.0% vs. -11.1%). The company's robust year-over-year revenue growth in the Analytical Instruments and the Laboratory Products and Biopharma Services segments appears promising.
During the fourth quarter, the company opened a new bioanalytical lab in Richmond, VA to support its clinical research business. The integration of PPD is largely complete and drove strong returns for the shareholders with outstanding execution and business performance throughout the year.
However, revenues within Europe declined in the low teens. The same in Asia Pacific fell in the mid-single digits, while China registered a decline in the mid-single digits. Revenues in the rest of the world declined in high-single digits.
(You can read the full research report on Thermo Fisher Scientific here >>>)
Shares of Lockheed Martin have outperformed the Zacks Aerospace - Defense industry over the past year (+7.0% vs. -0.1%). The company enjoys a consistent level of contract flows, and subsequent backlog growth bolsters its long-term revenue prospects.
It remains the largest U.S. defense contractor that has a steady order inflow from its leveraged presence in the Army, Air Force, Navy and IT programs. The U.S. budgetary provisions boost LMT's business. Lockheed expects to deliver 147 to 153 F-35 aircraft in 2023 and 2024.
However, America and Turkey's tiff as a result of the latter accepting Russian products may hurt its component supply from Turkey. Lockheed is facing performance issues concerning some of its products, which may hurt its results. An uncertainty revolving around the possible sanction by China on Lockheed might impact the latter.
(You can read the full research report on Lockheed Martin here >>>)
Other noteworthy reports we are featuring today include Boston Scientific Corp. and Canadian Pacific Railway Ltd.
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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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Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
Boston Scientific Corporation (BSX) : Free Stock Analysis Report
Eli Lilly and Company (LLY) : Free Stock Analysis Report
Thermo Fisher Scientific Inc. (TMO) : Free Stock Analysis Report
Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report
