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The Zacks Analyst Blog Highlights: Amazon, Chevron, Citigroup, Medtronic and Morgan Stanley

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Zacks Equity Research
·5-min read
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For Immediate Release

Chicago, IL – February 26, 2021 – 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: Amazon.com, Inc. AMZN, Chevron Corporation CVX, Citigroup Inc. C, Medtronic plc MDT and Morgan Stanley MS.

Here are highlights from Thursday’s Analyst Blog:

Top Stock Reports for Amazon, Chevron and Citigroup

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 Amazon, Chevron and Citigroup. 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 >>>

Amazon shares have outperformed the broader S&P 500 index over the past year (+58.6% vs. +28.1%), though the stock has lagged lately in solidarity with other large-cap Tech stocks in response to the uptrend in long-term interest rates. The Zacks analyst remains optimistic about the company's long-term prospects on the back of solid Prime momentum owing to ultrafast delivery services and an expanding original content portfolio.

The company reported impressive fourth-quarter results wherein both earnings and revenues topped the estimates and grew on a year-over-year basis. Robust holiday performance of the company was a major positive. Further, strengthening AWS services and its growing adoption rate contributed well.

However, accelerating coronavirus related expenses remain headwinds for the company's margin expansion in the near term. Also, rising cloud competition from Microsoft and Google poses a risk.

(You can read the full research report on Amazon here >>>)

Shares of Chevron have gained +22% in the last six months against the Zacks Integrated Oil industry's gain of +30.2%. The Zacks analyst believes that Chevron's Noble Energy takeover has expanded its footprint in the region and the DJ Basin along with the addition of cash-generating offshore assets in Israel.

While the company has struggled with depressed demand stemming from the coronavirus pandemic, it has reiterated its commitment to its dividend on a number of occasions. Consequently, Chevron is viewed as a preferred energy major to own now.

Furthermore, it seems one of the best-placed global integrated oil firms to achieve sustainable production ramp-up. America's No. 2 energy company's existing project pipeline is among the best in the industry, thanks to its premier position in the lucrative Permian Basin.

(You can read the full research report on Chevron here >>>)

Citigroup shares have gained +20.1% over the past three months against the Zacks Major Regional Banks industry's gain of +24.5%. The Zacks analyst believes that Citigroup's streamlining efforts, along with strategic investments in core business, bode well.

Also, net interest revenues will likely be supported by loan growth and mix, despite the low interest-rate environment. Further, manageable debt level makes Citigroup less likely to default interest and debt repayment obligations in case of any economic downturn.

Notably, the company announced the resumption of buybacks in first-quarter 2021. However, pending litigation issues might keep legal expenses elevated for the company. Additionally, a subdued consumer banking business might dent Citigroup's fee income base to some extent. 

(You can read the full research report on Citigroup here >>>)

Other noteworthy reports we are featuring today include Medtronic and Morgan Stanley.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.

Click here for the 4 trades >>

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
Citigroup Inc. (C) : Free Stock Analysis Report
 
Chevron Corporation (CVX) : Free Stock Analysis Report
 
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