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The Zacks Analyst Blog Highlights: Philip Morris, Lockheed Martin, Advanced Micro Devices, Boeing and General Electric

Zacks Equity Research
·5-min read

For Immediate Release

Chicago, IL – November 18, 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: Philip Morris International Inc. PM, Lockheed Martin Corporation LMT, Advanced Micro Devices, Inc. AMD, The Boeing Company BA and General Electric Company GE.

Here are highlights from Tuesday’s Analyst Blog:

Top Stock Reports for Philip Morris, Lockheed Martin and AMD

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 Philip Morris International, Lockheed Martin and Advanced Micro Devices. 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 >>>

Philip Morris shares have outperformed the Zacks Tobacco industry in the year to date period (-7.6% vs. -12%). The Zacks analyst believes that the company has long been benefiting from its pricing power, which continued to aid its third-quarter 2020 results, wherein top and bottom lines beat the Zacks Consensus Estimate.

Also, management raised its earnings guidance for 2020 on the back of improved shipment volume trends, though the latter is still expected to decline. However, the management does not expect a near-term recovery in the duty-free business due to travel-related uncertainties amid the pandemic.

Also, a delay in minimum price enforcement in Indonesia is a concern. Apart from this, cigarette volumes have been soft for a while due to rising health consciousness and stern regulations. Furthermore, revenues are likely to fall in 2020. Nonetheless, strength in RRPs, especially IQOS, is expected to offer respite. 

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

Shares of Lockheed Martin have lost -4% over the past year against the Zacks Aerospace Defense industry’s fall of -29.8%. The Zacks analyst believes that expansionary budgetary provisions made by the U.S. administration will immensely boost this defense prime’s business. It continues to be a strong cash generator.

Lockheed Martin enjoys strong demand for its high-end military equipment in domestic and international markets, being the world's largest defense contractor. Keeping up with its usual trend, Lockheed Martin was successful in clinching several notable deals during the third quarter.

However, forced cost reduction initiatives for F-35 program might hamper its operating results. America and Turkey's tiff on the latter accepting Russian products may hurt Lockheed's component supply from Turkey. It is facing performance issues in relation to some of its products, which in turn may hurt it results.

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

AMD shares have gained +53.4% over the past six months against the Zacks Electronics - Semiconductors industry’s rise of +42.4%. The Zacks analyst believes that AMD is benefiting from robust uptick in Ryzen and EPYC server processors, courtesy of increasing proliferation of AI and Machine Learning (ML) in industries like cloud gaming and supercomputing domain.

Further, the Xilinx acquisition will boost AMD's data center business. Growing clout of 7 nanometer (nm) products in the data center vertical, driven by work-from-home and online learning trends, remains a key catalyst. Also, partnerships with Amazon, Microsoft, Baidu and are opening newer business avenues.

However, broad-based macroeconomic weakness due to COVID-19 crisis is likely to put pressure on desktop processor-related sales. Rising spend on product development amid stiff competition from NVIDIA and Intel are likely to dent margins at least in near term.

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

Other noteworthy reports we are featuring today include Boeing and General Electric.

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Media Contact

Zacks Investment Research

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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 for information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Philip Morris International Inc. (PM) : Free Stock Analysis Report
The Boeing Company (BA) : Free Stock Analysis Report
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
Lockheed Martin Corporation (LMT) : Free Stock Analysis Report
General Electric Company (GE) : Free Stock Analysis Report
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