The Zacks Analyst Blog Highlights Walt Disney, TJX Companies, Canadian Pacific Railway, Air Products and Chemicals and Dow

For Immediate Release

Chicago, IL – August 16, 2022 – 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 Walt Disney Co. DIS, The TJX Companies, Inc. TJX, Canadian Pacific Railway Ltd. CP, Air Products and Chemicals, Inc. APD and Dow Inc. DOW.

Here are highlights from Monday’s Analyst Blog:

Top Analyst Reports for Walt Disney, TJX and Canadian Pacific

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including The Walt Disney Co., The TJX Companies, Inc. and Canadian Pacific Railway Ltd. 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 >>>

Walt Disney shares have declined -32.1% over the past year against the Zacks Media Conglomerates industry's decline of -28.2%. The company's profitability was negatively impacted by higher programming and production costs across Disney+, ESPN+ and Hulu. Disney's leveraged balance sheet remains a concern.

Nevertheless, third-quarter fiscal 2022 results reflected strength in Disney+ and revival in Parks, Experiences and Products businesses. The company benefits from the growing popularity of Disney+, owing to a strong content portfolio and a cheaper bundle offering. Availability in the Nordics, Latin America and other Asian territories is helping it expand its user base.

Theme Park business is likely to gain from strong demand across both the domestic and international parks. Per capita spending increased 10% year over year, while occupancy at domestic hotels was 90% in the fiscal third quarter.

(You can read the full research report on Walt Disney here >>>)

TJX shares have declined -5.3% over the past year against the Zacks Retail - Discount Stores industry's decline of -1.8%. The company is battling higher freight costs, which hurt its merchandise margin in the first quarter. For fiscal 2023, management is projecting 150-160 basis points incremental freight expense.

The company is also grappling with higher selling, general and administrative expenses, which was witnessed in the fiscal first quarter. TJX's off-price business model, strategic store locations, impressive brands and fashion products are upsides.

Further, its Marmaxx division delivered comp-store sales growth of 3% in the first quarter of fiscal 2023, driven by increased customer traffic. It has been benefiting from its solid store and e-commerce growth efforts. Its treasure hunt shopping experience is gaining traction among shoppers.

(You can read the full research report on The TJX here >>>)

Canadian Pacific Railway shares have outperformed the Zacks Transportation - Rail industry over the past year (+14.6% vs. +7.3%). The buyout of Kansas City Southern, completed last year, is a huge positive and should aid results in the coming quarters. Canadian Pacific's efforts to pay out dividends to its shareholders even in such challenging times also deserve praise.

However, the company's dispute over the pay-related contract with a labour union, the Teamsters Canada Rail Conference (TCRC) — Train and Engine Negotiating Committee — induced a work stoppage at Canadian Pacific. The disruption worsened the already bad supply-chain situation in Canada.

The strike disrupted shipments of key items like grains and fertilizer. Thankfully, the work stoppage ended on Mar 22 following an agreement between the company and TCRC to enter into binding arbitration. Increasing fuel expenses (up 69.7% year over year in second-quarter 2022) are hurting the bottom line.

(You can read the full research report on Canadian Pacific Railway here >>>)

Other noteworthy reports we are featuring today include Air Products and Chemicals, Inc. and Dow 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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Air Products and Chemicals, Inc. (APD) : Free Stock Analysis Report
 
The TJX Companies, Inc. (TJX) : Free Stock Analysis Report
 
Dow Inc. (DOW) : Free Stock Analysis Report
 
The Walt Disney Company (DIS) : Free Stock Analysis Report
 
Canadian Pacific Railway Limited (CP) : Free Stock Analysis Report
 
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