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The Zacks Analyst Blog Highlights: Walt Disney, Goldman Sachs Group, Johnson & Johnson and International Business Machines

For Immediate Release

Chicago, IL – April 25, 2016 – 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 Walt Disney Company (DIS), Goldman Sachs Group, Inc. (GS), Johnson & Johnson (JNJ) and International Business Machines Corporation (IBM).

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Here are highlights from Friday’s Analyst Blog:

Dow 30 Stock Roundup

The Dow notched up gains this week following impressive earnings from key components, rising oil prices and a rebound in financials. The index increased on Monday following gains in energy and consumer discretionary stocks. The index gained again on Tuesday following a strong rebound in oil prices. The index moved higher on Wednesday following gains in financials and energy stocks. On Thursday, the index snapped three straight sessions of gains to close in the red following declines in telecom stocks. The Dow has increased 0.5% over the first four trading days of the week.

Last Week’s Performance

The index increased 0.6% on Monday following gains in energy and consumer discretionary stocks. The Dow moved above the 18,000 level for the first time since July 21. Although oil prices declined for the day, a late recovery in prices helped energy stocks to notch up gains. Failure on the part of the major oil producing nations to come to an agreement in the Doha meeting on Sunday over freezing crude production resulted in a decline in oil prices.

However, some of the losses in oil prices were curbed following a strike by oil workers in Kuwait. Meanwhile, the Energy Information Administration (EIA) reported a fall in U.S. crude output by 90,000 bpd to 9 million bpd in March. Chevron and Exxon Mobil rose 1.5% and 1%, respectively.

Further, shares of Walt Disney Company (DIS) rose 2.9% after the "The Jungle Book" garnered weekend box office collections of $103.6 million in North America. This was the second biggest April opening sales figure ever. Walt Disney was the best performer among the Dow components.

The index gained 0.3% on Tuesday following a strong rebound in oil prices. Oil prices bounced on disruptions in crude production around the globe. Kuwait’s oil worker strike moved into its third day, due to which crude output declined by 1.3 million barrels per day. Moreover, Nigeria’s pipeline problems lowered output by another 440,000 barrels.

Chevron and Exxon Mobil rose 1.8% and 0.5%, respectively. Additionally, shares of Goldman Sachs Group, Inc. (GS) increased 2.3% after the company reported encouraging earnings. Shares of Johnson & Johnson (JNJ) increased 1.6% after earnings beat estimates. Goldman Sachs was the biggest advancer among the Dow components.

However, shares of International Business Machines Corporation (IBM) declined 5.6% after first-quarter earnings and revenues declined 19.2% and 4.6%, respectively, year on year. Meanwhile, housing starts decreased 8.8% reaching its lowest settlement since October.

The index increased more than 0.2% on Wednesday following gains in financials and energy stocks. The oil price rally boosted energy stocks upward. Prices increased after U.S. crude output declined for the sixth consecutive week. The U.S. Energy Information Administration (EIA) reported that domestic crude output fell by 24,000 barrels per day (bpd) to 8.953 million bpd for the week ended April 15.

Also, the EIA reported that U.S. commercial crude oil inventories rose 2.1 million barrels to 538.6 million for the week. This was lower than an increase of 3.1 million barrels reported by the American Petroleum Institute (API).

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DISNEY WALT (DIS): Free Stock Analysis Report
 
GOLDMAN SACHS (GS): Free Stock Analysis Report
 
JOHNSON & JOHNS (JNJ): Free Stock Analysis Report
 
INTL BUS MACH (IBM): Free Stock Analysis Report
 
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