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The Zacks Analyst Blog Highlights The Home Depot, Philip Morris, BlackRock, Deere and Starbucks

·5-min read

For Immediate Release

Chicago, IL – August 18, 2022 – 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: The Home Depot, Inc. HD, Philip Morris International Inc. PM, BlackRock, Inc. BLK, Deere & Co. DE and Starbucks Corp. SBUX.

Here are highlights from Wednesday’s Analyst Blog:

Top Stock Reports for Home Depot, Philip Morris and BlackRock

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including The Home Depot, Inc., Philip Morris International Inc. and BlackRock, Inc. 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 >>>

The Home Depot shares have gained +1.5% over the past year, lagging Lowes' +8.1% gain, but outperforming the broader market's -3.2% decline. The company reported its ninth straight quarter of earnings and sales beat in the fiscal second quarter on Tuesday. Results benefited from strong demand for home-improvement projects, robust housing market trends and ongoing investments.

The Home Depot also benefited from continued strength in both Pro and DIY categories as well as digital momentum. Its interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters, aiding digital sales.

However, the company reported soft gross margin in the fiscal second quarter driven by higher supply chain investments. Higher inventory levels and interest expense also remain concerning.

(You can read the full research report on The Home Depot here >>>)

Philip Morris shares have gained +6.2% over the past year, roughly in-line with the Zacks Tobacco industry's gain of +6.8%. The company has been benefiting from its pricing power, which aided its second-quarter 2022 results. The top and the bottom line increased year on year and beat the Zacks Consensus Estimate.

Its strength in IQOS and the combustible business drove performance despite headwinds. Proforma pricing for combustible products rose 3.5% and nearly 5%, excluding Indonesia. Strength in the reduced-risk products category has been benefiting the company for a while.

However, Philip Morris has been facing supply-chain and regulatory hurdles in its Russian business. The company has undertaken steps to scale down its operations in the region due to the Ukraine war. Also, management expects continued uncertainty concerning the recovery pace from the pandemic-led operating landscape.

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

BlackRock shares have declined -15.7% over the past year against the Zacks Financial - Investment Management industry's decline of -10.3%. The rise in equity market volatility and a fall in asset prices in an environment of macroeconomic uncertainty is typically an unfavorable backdrop for BlackRock and other asset managers.

However, BlackRock has had an impressive earnings surprise history. The company's earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters. BlackRock continues to restructure the equity business, which along with strategic acquisitions, will likely keep supporting revenue growth, and help in expanding market share and footprints globally. A robust assets under management (AUM) balance will likely further support the top line.

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

Other noteworthy reports we are featuring today include Deere & Co. and Starbucks Corp.

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Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

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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BlackRock, Inc. (BLK) : Free Stock Analysis Report
 
Starbucks Corporation (SBUX) : Free Stock Analysis Report
 
Philip Morris International Inc. (PM) : Free Stock Analysis Report
 
Deere & Company (DE) : Free Stock Analysis Report
 
The Home Depot, Inc. (HD) : Free Stock Analysis Report
 
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Zacks Investment Research