The Zacks Analyst Blog Highlights Fortis, Fox and Carlsberg

For Immediate ReleaseChicago, IL – June 3, 2025 – 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: Fortis FTS, Fox FOX and Carlsberg CABGY.Here are highlights from Monday’s Analyst Blog:May U.S. Job Addition Consensus Look OK: Global Week AheadWhat to expect from the Global Week Ahead?·        U.S. nonfarm jobs data from May·        A European Central Bank meeting, and·        Big global oil producers all vie for investor attention in coming daysFinally, as a new month dawns, court rulings on U.S. President Donald Trump's tariffs suggest further plot twists to the trade story.Next are Reuters’ five world market themes, reordered for equity traders—(1) On Friday at 8:30 am ET, June Federal Nonfarm Jobs Report LandsAs ever-changing tariff developments muddy the growth outlook, the May U.S. jobs report will provide key insight into the state of the economy heading into another bout of trade turbulence.Friday's report is expected to show the economy created 130,000 new jobs, according to a Reuters poll, down from a higher-than-expected 177,000 in April.The data comes as Federal Reserve officials acknowledge they could face "difficult tradeoffs" in coming months with rising inflation alongside rising unemployment, minutes from their latest meeting show.Investors have reduced bets on the amount of expected Fed monetary policy easing, with fewer than two rate cuts now priced in by December.They're also watching the progress of tax-and-spending legislation in Washington, with Trump ally Elon Musk arguing that the tax bill detracts from efforts to reduce the budget deficit.(2) Global Macro Financial Markets Worry, Uncertainty Remains HighInvestors must be relieved to leave behind another roller-coaster month. But the back-and-forth in the courts on Trump's tariffs heightens uncertainty ahead.Still, there's no stopping world stocks, which have long forgotten their "Liberation Day" losses. The S&P 500 index, up over +6% in May, is set for its best performance since November.The picture is bleaker with focus on fiscal discipline, underscored by the U.S. losing its last top AAA rating.U.S. 30-year Treasury yields are holding around 5% and led a recent global bond selloff, with Trump's sweeping tax and spending bill seen further raising the already-high U.S. budget deficit.The dollar has remained -4% lower since April 2 when Trump announced his tariffs.Debt worries reverberate elsewhere. Japan, where longer-dated bond yields soared to record highs and the sale of such debt has seen tepid demand, remains in focus.(3) OPEC+ MeetsEight OPEC+ members, in the process of gradually raising output, should meet online on Saturday to decide on an increase in oil production in July.They may agree to an output hike of 411,000 barrels per day, the same as in May and June, OPEC+ delegates tell Reuters. Others say the number has yet to be decided.OPEC+ pumps about half the world's oil and has agreed on three layers of output cuts since 2022 to support oil prices. Two of these are in place until end-2026, one is currently being unwound by the eight members.The May and June hikes are faster than originally planned.The strategy of producers Saudi Arabia and Russia is partly to punish over-producing allies and win back market share. OPEC+ cites healthy market fundamentals as its reasoning.Oil hit four-year lows in April below $60 after OPEC+ announced accelerating output hikes and as U.S. tariffs stoked growth worries.It has recovered to about $65 but is still down -13% for the year so far.(4) On Thursday, June 5th, the European Central Bank (ECB) Should Take Its Policy Rate Down — AgainA quarter-point ECB interest rate cut on June 5th that takes the key rate to 2% is a done deal for traders.The question now is whether the ECB pauses after what will be an eighth rate reduction in the past year. Economists expect the ECB to hold steady come July before cutting once more before year-end.The economy is holding up better than anticipated and pausing allows ECB chief Christine Lagarde time to assess the impact of U.S. tariffs.Eurozone inflation data on Tuesday could show headline inflation hit the ECB's 2% target in May. Finally, expect Lagarde to be put on the spot about whether she's likely to complete her term after a press report that she held talks about leaving early to lead the World Economic Forum.(5) Will Asian Central Banks Keep Cutting Their Policy Rates?Upcoming inflation readings across emerging Asian economies could give investors further clarity on the extent policymakers in the region could go in cutting rates.Central banks like Bank Indonesia have already resumed easing cycles recently and the market consensus is for more to come, as Trump's sweeping tariffs pose significant headwinds to growth in export-reliant Asia.With inflation trending downwards and amid a recent surge in Asian currencies, policymakers have found greater comfort in lowering rates. The question now is by how much.The Asian Development Bank expects growth in developing Asia will ease slightly in 2025 to its slowest pace since 2022.Elsewhere, Australia releases first-quarter growth data on Wednesday. The numbers pre-date April's tariff chaos so any optimism from an upbeat number is likely to be short-lived.Zacks #1 Rank (STRONG BUY) StocksI found three different industries posting fresh positive EPS growth revisions.(1) Fortis: This is a $48 a share stock with a market capitalization of $24.2B. It is found in the Electric Power industry. I see a Zacks Value score of C, a Zacks Growth score of C, and a Zacks Momentum score of C.Fortis, Inc. is engaged in electric and gas utility business.The company offers regulated utilities comprised of electric and gas as well as engages in non-regulated hydroelectric operations.It operates primarily in Canada, the United States and the Caribbean.Fortis, Inc. is based in St John's, Canada.(2) Fox:This is a $50 a share stock with a market capitalization of $22.6B. It is found in the Broadcast Radio & Television industry. I see a Zacks Value score of A, a Zacks Growth score of B, and a Zacks Momentum score of C.Fox Corp. produces and distributes news, sports and entertainment.The company's brand includes FOX News, FOX Sports, the FOX Network, the FOX Television Stations and sports cable networks FS1, FS2, Fox Deportes and Big Ten Network.Fox Corp. is based in New York.(3) Carlsberg: This is a $29 a share stock with a market capitalization of $19.3B. It is found in the Alcoholic Beverage industry. I see a Zacks Value score of B, a Zacks Growth score of A, and a Zacks Momentum score of B.Carlsberg A/S is a global brewing company that has operations in Northern & Western Europe, Eastern Europe and Asia.Its beer portfolio includes more than 500 brands.The company offers its products primarily under the Carlsberg, Tuborg, Baltika, and Kronenbourg 1664 names and local brands such as Ringnes in Norway, Feldschlosschen in Switzerland, Lav in Serbia, and Wusu in western China.Carlsberg A/S is based in Copenhagen, Denmark.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Zacks Investment Research800-767-3771 ext. 9339support@zacks.comhttps://www.zacks.comPast 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.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Fox Corporation (FOX): Free Stock Analysis Report Carlsberg AS (CABGY): Free Stock Analysis Report Fortis (FTS): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks