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The Zacks Analyst Blog Highlights: Verizon, Costco Wholesale, Morgan Stanley, Starbucks and Advanced Micro Devices

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Zacks Equity Research
·5-min read
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For Immediate Release

Chicago, IL – January 13, 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: Verizon Communications, Inc. VZ, Costco Wholesale Corporation COST, Morgan Stanley MS, Starbucks Corporation SBUX and Advanced Micro Devices, Inc. AMD.

Here are highlights from Tuesday’s Analyst Blog:

Top Stock Reports for Verizon, Costco and Morgan Stanley

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 Verizon Communications, Costco Wholesale and Morgan Stanley. 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 >>>

Verizon shares have underperformed the Zacks Wireless National industry over the past year (-3.8% vs. -0.1%), but the Zacks analyst believes that the company is well positioned to gain from a disciplined network strategy, including accelerated 5G deployment, despite uncertainties stemming from the COVID-19 crisis.

The company has been building its 5G Ultra-Wideband network to enable innovations that will support the evolving customer behavior. It expects to witness solid 5G momentum as it heads into the fourth quarter of 2020 backed by customer-centric business model and diligent execution of operational plans.

However, Verizon is facing significant headwinds within the media business due to weak advertising trends. It operates in an intensely competitive U.S. wireless market that strains margins. Adoption of unlimited data plans has resulted in reduction of wireless service revenues. 

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

Shares of Costco have gained +12.5% in the last six months against the Zacks Discount Retail industry's gain of +29.2%. The Zacks analyst believes that the company's growth strategies, better price management, decent membership trend and increasing penetration of e-commerce business reinforce its position.

Cumulatively, these factors have been aiding in registering impressive sales and earnings numbers. Costco put up a stellar performance in first-quarter fiscal 2021, wherein both the top and the bottom line surpassed the Zacks Consensus Estimate and grew year over year.

It has been also maintaining impressive comparable sales performance. However, margins still remain an area to watch. Any deleverage in SG&A rate as well incremental wages and sanitation costs owing to the ongoing pandemic cannot be ignored.

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

Morgan Stanley shares have gained +51.3% over the past three months against the Zacks Investment Banking industry's rise of +45.7%. The Zacks analyst believes that focus on corporate lending and a strong balance sheet will likely aid the company's growth.

Besides, the planned acquisition of Eaton Vance and the buyout of E*Trade Financial are in sync with the company's efforts to change revenue mix and focus more on less capital markets driven sources.

However, the financial impact from the same will be seen after some time and thus, the company's current significant dependence on capital-markets driven revenues makes us apprehensive. Further, steadily increasing expenses remain a major near-term concern. Also, lower rates are likely to hamper interest income growth.

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

Other noteworthy reports we are featuring today include Starbucks and Advanced Micro Devices.

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


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Verizon Communications Inc. (VZ) : Free Stock Analysis Report
 
Starbucks Corporation (SBUX) : Free Stock Analysis Report
 
Morgan Stanley (MS) : Free Stock Analysis Report
 
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
 
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
 
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Zacks Investment Research