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The Zacks Analyst Blog Highlights: Alphabet, JPMorgan Chase, Comcast, IBM and QUALCOMM

Zacks Equity Research

For Immediate Release

Chicago, IL – January 21, 2020 – 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: Alphabet GOOGL, JPMorgan Chase JPM, Comcast CMCSA, IBM IBM and QUALCOMM QCOM.

Here are highlights from Monday’s Analyst Blog:

Top Stock Reports for Alphabet, JPMorgan and Comcast

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 Alphabet, JPMorgan Chase and Comcast. 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 >>>

Alphabet’s shares have outperformed the Zacks Internet Services industry over the past year (+33.7% vs. +13.5%). The Zacks analyst believes that Alphabet is driven by robust search business. Its strong focus on innovation of AI techniques and the home automation space should aid business growth in the long term.

Also, its strong focus on bolstering presence in the cloud market is encouraging. The company’s strong initiatives toward elimination of bad ads and introducing useful major search updates are tailwinds.

Notably, it has agreed to acquire Fitbit for roughly $2.1 billion. This deal will likely help the company to accelerate innovation in the wearables category. However, the company’s growing heavy investments, litigation issues and competition might hurt profitability. 

Shares of JPMorgan have gained +11.9% in the past three months against the Zacks Major Regional Banks Services industry's rise of +8.1%. The Zacks analyst believes that decent loan demand, improving economy, the acquisition of InstaMed, new branch openings and focus on credit card business will continue to aid financials. 

The bank has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in each of the trailing four quarters. Improvement in non-interest income and lower provisions supported fourth-quarter 2019 results, while decline in net interest income was an undermining factor.

While the Fed’s accommodative policy, challenges in expanding mortgage operations and the company’s significant dependence on capital markets revenues make us apprehensive about top-line growth to some extent, enhanced capital deployment plan reflects strong balance sheet position and will enhance shareholder value.

Comcast’s shares have gained +8.3% over the past six months against the Zacks Cable Television industry's rise of +9.4%. The Zacks analyst believes that Comcast is benefiting from solid growth in a number of residential and business services high-speed Internet customers.

The company’s strategy of providing high-speed Internet at an affordable cost plays a key role in improving customer experience. Growing popularity of Xfinity products is also a key catalyst. Moreover, expansion in the wireless user base and the security and automation services customer base is a growth driver.

Additionally, Sky’s content strength is expected to drive the subscriber base in Europe. Further, increasing digital video sales hold promise. However, Comcast continues to lose video subscribers due to cord cutting. Moreover, a high debt level is a headwind. 

Other noteworthy reports we are featuring today include IBM and QUALCOMM.

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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 information about the performance numbers displayed in this press release.

Click to get this free report International Business Machines Corporation (IBM) : Free Stock Analysis Report JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report Comcast Corporation (CMCSA) : Free Stock Analysis Report To read this article on click here.