For Immediate Release
Chicago, IL – January 21, 2020 – 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: 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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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 Zacks.com click here.