Yahoo Finance The Zacks Analyst Blog Highlights Exxon Mobil, The Home Depot, Intel, NextEra Energy and Vertex Pharmaceuticals
For Immediate Release
Chicago, IL – August 30, 2023 – 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: Exxon Mobil Corp. XOM, The Home Depot, Inc. HD, Intel Corp. INTC, NextEra Energy, Inc. NEE and Vertex Pharmaceuticals Inc. VRTX.
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Exxon Mobil, Home Depot and Intel
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 Exxon Mobil Corp., The Home Depot, Inc. and Intel Corp. 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 >>>
Exxon Mobil shares have lagged the market this year (-1.2% vs. +16.4% for the S&P 500 index), but have handily outperformed fellow super major Chevron (-1.2% vs. -11.1%) given Chevron's relatively greater commodity-price leverage. The company's bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play.
In Stabroek Block, located off the coast of Guyana, ExxonMobil has made many major discoveries that significantly improve its production outlook. The advantaged growth projects of Guyana have lower greenhouse gas intensity than most of the oil and gas-producing resources across the globe. ExxonMobil also has a strong presence in the Permian Basin, the most prolific resource in the United States.
However, the firm's dividend yield is lower than the composite stocks belonging to the industry. Moreover, weak industry margins and lower sales from the Chemical Products business especially in the United States, are hurting the energy firm's operations.
(You can read the full research report on Exxon Mobil here >>>)
Shares of Home Depot have modestly outperformed the Zacks Building Products - Retail industry over the past six months (+13.7% vs. +13.3%). The company has been witnessing significant benefits from the execution of the "One Home Depot" investment plan, which focuses on expanding supply chain facilities, technology investments and enhancement to the digital experience.
The interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters. The company remains on track with its strategic investments to build a Pro ecosystem.
However, Home Depot top and bottom-lines declined year over year in second-quarter fiscal 2023. Results were impacted by a deflation in lumber prices and pressures in several big-ticket discretionary categories. HD retained its conservative view for fiscal 2023.
(You can read the full research report on Home Depot here >>>)
Intel shares have gained +35.2% over the past six months against the Zacks Semiconductor - General industry's gain of +71.9%. The company is expanding its manufacturing capacity in Germany and Poland to accelerate its IDM 2.0 (Integrated Device Manufacturing) strategy and create an end-to-end leading-edge semiconductor manufacturing value chain in Europe.
It is gaining rapid strides in the data center business with integrated solutions that are highly competitive in prices. Solid traction of the Mobileye business related to autonomous car technology remains a tailwind. Strong focus on market diversification, innovation and a comprehensive product portfolio are tailwinds.
However, intense market volatility, depleting customer inventory levels and continued business uncertainties continue to impact revenues. High debt burden, forex woes and geopolitical volatility are other concerns. Stiff industry competition from established players in the market are depleting margins.
(You can read the full research report on Intel here >>>)
Other noteworthy reports we are featuring today include NextEra Energy, Inc. and Vertex Pharmaceuticals Inc.
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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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Intel Corporation (INTC) : Free Stock Analysis Report
NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
Exxon Mobil Corporation (XOM) : Free Stock Analysis Report
The Home Depot, Inc. (HD) : Free Stock Analysis Report
Vertex Pharmaceuticals Incorporated (VRTX) : Free Stock Analysis Report
