Earnings Report - Johnson & Johnson is set to release its second-quarter earnings results on July 16, with analysts expecting earnings of $2.68 per share, a decrease from $2.82 per share in the same period last year [1] - The company is projected to report quarterly revenue of $22.86 billion, an increase from $22.45 billion a year earlier [1] Drug Application - On July 8, Johnson & Johnson submitted a supplemental new drug application to the US FDA for CAPLYTA, aimed at preventing relapse in schizophrenia based on long-term safety and efficacy data [2] - Following the announcement, Johnson & Johnson shares rose by 0.9%, closing at $157.69 [2] Analyst Ratings - Morgan Stanley analyst Terence Flynn maintained an Equal-Weight rating and raised the price target from $169 to $171 [5] - Leerink Partners analyst David Risinger downgraded the stock from Outperform to Market Perform, reducing the price target from $169 to $153 [5] - Barclays analyst Matt Miksic maintained an Equal-Weight rating and cut the price target from $166 to $165 [5] - Raymond James analyst Jayson Bedford maintained an Outperform rating and increased the price target from $162 to $164 [5] - B of A Securities analyst Tim Anderson maintained a Neutral rating and reduced the price target from $171 to $159 [5]

Group 1 - Walgreens Boots Alliance, Inc. is set to release its third-quarter earnings results on June 26, with analysts expecting earnings of 34 cents per share, a decrease from 63 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $36.72 billion, slightly up from $36.35 billion a year earlier [1] - On April 21, Walgreens announced a $300 million settlement to resolve federal allegations regarding the filling of invalid prescriptions for opioids and other controlled substances [2] Group 2 - Deutsche Bank analyst downgraded Walgreens stock from Hold to Sell, reducing the price target from $11 to $9 [5] - Truist Securities maintained a Hold rating but lowered the price target from $13 to $12 [5] - UBS analyst maintained a Neutral rating and raised the price target from $9 to $10 [5] - Morgan Stanley maintained an Underweight rating and cut the price target from $9 to $7 [5]

Group 1 - Jabil Inc. is set to release its third-quarter earnings results on June 17, with analysts expecting earnings of $2.30 per share, an increase from $1.89 per share in the same period last year [1] - The company is projected to report quarterly revenue of $7.03 billion, compared to $6.76 billion a year earlier [1] - Jabil signed a memorandum of understanding with AVL Software and Functions GmbH, which is expected to enhance its capabilities in the e-drive and software sector [2] Group 2 - Goldman Sachs analyst Mark Delaney maintained a Buy rating and raised the price target from $165 to $188 [5] - Barclays analyst George Wang maintained an Overweight rating and increased the price target from $184 to $206 [5] - JP Morgan analyst Samik Chatterjee maintained an Overweight rating but reduced the price target from $175 to $154 [5] - UBS analyst David Vogt maintained a Neutral rating and raised the price target from $152 to $157 [5] - Stifel analyst Matthew Sheerin reiterated a Buy rating and increased the price target from $150 to $160 [5]

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable, particularly for NextEra Energy (NEE) [1][5]. Group 1: Analyst Recommendations - NextEra Energy has an average brokerage recommendation (ABR) of 1.91, indicating a position between Strong Buy and Buy, based on 22 brokerage firms' recommendations [2]. - Of the 22 recommendations, 13 are Strong Buy, accounting for 59.1% of the total [2]. - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often fail to guide investors effectively [5][10]. Group 2: Limitations of Brokerage Recommendations - Brokerage analysts tend to exhibit a strong positive bias in their ratings due to vested interests, with five "Strong Buy" recommendations for every "Strong Sell" [6][10]. - This misalignment of interests can mislead investors regarding the actual price direction of stocks [7][10]. - The Zacks Rank, a proprietary stock rating tool, is suggested as a more reliable indicator of stock performance, as it is based on earnings estimate revisions rather than brokerage recommendations [8][11]. Group 3: Zacks Rank vs. ABR - The Zacks Rank categorizes stocks into five groups and is driven by earnings estimate revisions, making it a timely predictor of stock price movements [11][12]. - The ABR may not reflect the most current information, while the Zacks Rank is updated frequently based on analysts' earnings estimates [12]. - For NextEra, the Zacks Consensus Estimate for the current year remains unchanged at $3.68, indicating stable earnings prospects [13]. Group 4: Investment Outlook for NextEra - The recent consensus estimate changes and other earnings-related factors have resulted in a Zacks Rank of 3 (Hold) for NextEra, suggesting caution despite the positive ABR [14].

Group 1 - Albert Anthony is a Croatian-American media personality and analyst for financial media platforms, focusing on dividend stocks and general market commentary [1] - The author has covered over 200 companies across multiple sectors and has gained over 1,000 followers since 2023 [1] - Albert Anthony has experience as an analyst in the IT sector and has worked with a top 10 financial firm in the US [1] Group 2 - The author plans to launch a new book in 2025 on Amazon discussing his methodology for stock rating [1] - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas [1] - The author does not provide personalized financial advice and does not hold material positions in any rated stocks at the time of rating [1]

Group 1 - Albert Anthony is a Croatian-American media personality and analyst for financial media platforms, focusing on dividend stocks and general market commentary [1] - The author has covered over 200 companies across multiple sectors and has gained over 1,000 followers since 2023 [1] - Albert Anthony has experience as an analyst in the IT sector and has worked for a top 10 financial firm in the US [1] Group 2 - The author plans to launch a new book in 2025 on Amazon discussing his methodology for stock rating [1] - Albert Anthony & Co. is a sole proprietorship registered in Austin, Texas [1] - The author does not provide personalized financial advice and does not hold material positions in any rated stocks at the time of rating [1]

Group 1 - Albert Anthony is a Croatian-American media personality and analyst for financial media platforms Investing.com and Seeking Alpha, focusing on dividend stocks and general market commentary [1] - Since 2023, Albert Anthony has gained over 1,000 followers and has covered more than 200 companies across multiple sectors [1] - He has experience as an analyst in the IT sector and was part of the IT team at a top 10 financial firm in the US [1] Group 2 - Albert Anthony holds a B.A. from Drew University and has completed coursework through the Corporate Finance Institute and Coursera [1] - In 2025, he plans to launch a new book on Amazon discussing his methodology as an analyst and how he rates stocks [1] - The Albert Anthony brand is owned by Albert Anthony & Co., a sole proprietorship registered in Austin, Texas [1]

Group 1 - GE Aerospace is set to release its first-quarter earnings results on April 22, with expected earnings of $1.27 per share, an increase from $0.82 per share in the same period last year [1] - The projected quarterly revenue for GE Aerospace is $9.05 billion, down from $15.17 billion a year earlier [1] - GE Aerospace shares experienced a decline of 1.9%, closing at $178.35 [2] Group 2 - On April 8, GE Aerospace and MTU Maintenance entered into an agreement to service GEnx engines at an expanded facility in Fort Worth [2] - Analysts have provided various ratings and price targets for GE Aerospace, with Wells Fargo raising its target from $203 to $212 [6] - Citigroup reduced its price target from $235 to $227 while maintaining a Buy rating [6]

Group 1: Analyst Recommendations - Carvana currently has an average brokerage recommendation (ABR) of 1.95, indicating a position between Strong Buy and Buy, based on recommendations from 19 brokerage firms [2] - Of the 19 recommendations, nine are Strong Buy and two are Buy, accounting for 47.4% and 10.5% of all recommendations respectively [2] - Despite the positive ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often lack success in guiding investors towards stocks with high price appreciation potential [3][4] Group 2: Limitations of Brokerage Recommendations - Brokerage firms often exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [4][5] - The interests of brokerage firms may not align with those of retail investors, providing limited insight into future stock price movements [5][8] - Analysts' recommendations tend to be overly optimistic, misleading investors more frequently than guiding them accurately [8] Group 3: Zacks Rank as an Alternative - Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, providing a more effective indicator of near-term stock price performance compared to ABR [6][9] - The Zacks Rank is timely and reflects changes in earnings estimates quickly, unlike the ABR which may not be up-to-date [10] - For Carvana, the Zacks Consensus Estimate for the current year has increased by 21.4% over the past month, indicating growing optimism among analysts regarding the company's earnings prospects [11] Group 4: Investment Implications for Carvana - The recent change in the consensus estimate, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Carvana, suggesting a favorable outlook for the stock [12] - The Buy-equivalent ABR for Carvana may serve as a useful guide for investors, complementing the insights provided by the Zacks Rank [12]

Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Netflix (NFLX), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like Zacks Rank for making informed investment decisions [1][4]. Group 1: Brokerage Recommendations - Netflix has an average brokerage recommendation (ABR) of 1.70, indicating a consensus between Strong Buy and Buy, based on recommendations from 41 brokerage firms [2]. - Out of the 41 recommendations, 26 are classified as Strong Buy, accounting for 63.4%, while 2 are classified as Buy, making up 4.9% of the total recommendations [2]. Group 2: Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations have limited success in guiding investors towards stocks with the highest price increase potential [4]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, often issuing five Strong Buy recommendations for every Strong Sell recommendation, which may mislead investors [5][9]. Group 3: Zacks Rank as an Alternative - Zacks Rank categorizes stocks into five groups based on earnings estimate revisions, with a strong correlation to near-term stock price movements, making it a more reliable indicator than ABR [7][10]. - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in earnings estimates, which can provide better insights into future price movements [11]. Group 4: Current Earnings Estimates for Netflix - The Zacks Consensus Estimate for Netflix's current year earnings has remained unchanged at $24.58 over the past month, indicating stable analyst optimism regarding the company's earnings prospects [12]. - The recent consensus estimate change, along with other factors, has resulted in a Zacks Rank of 1 (Strong Buy) for Netflix, suggesting that the Buy-equivalent ABR may be a useful guide for investors [13].