Wednesday, February 23, 2022
 

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.com, Inc. (AMZN), The Home Depot, Inc. (HD), and PetroChina Company Ltd. (PTR). 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 >>>
 

Shares of Amazon have outperformed the Zacks Internet - Commerce industry over the past two-year period (+49.5% vs. -24.5%). Amazon’s fourth quarter results were driven by solid Prime and AWS momentum, per the Zacks analyst. Ultrafast delivery services and expanding content portfolio were beneficial.

Moreover, strengthening relationships with third-party sellers was a positive. Strong momentum across Amazon Music was another tailwind. Its strengthening AWS services portfolio and growing adoption rate contributed, as well. Also, improving Alexa skills along with robust smart home products offerings were tailwinds.
 

Amazon’s strong global presence and solid momentum among small and medium businesses remain positives. Growing capabilities in grocery, pharmacy, Amazon Care, Kuiper and Zoox remain other positives. However, growing expenses due to supply-chain constraints and labor supply shortages remain concerns.
 

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

Shares of Home Depot have outperformed the Zacks Building Products – Retail industry over the past year (+21.7% vs. +20.9%). The Zacks analyst believes that the stock’s momentum can be attributed to the robust surprise trend, which continued in fourth-quarter fiscal 2021.

The company reported its seventh straight quarter of earnings and sales beat in the fiscal fourth quarter. Results gained from strong demand for home-improvement projects, robust housing market trends and ongoing investments. The company 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 margins in Q4, driven by higher cost of goods sold. Supply chain headwinds also marred results to some extent.
 

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

Shares of PetroChina have outperformed the Zacks Oil and Gas - Integrated – International industry over the past year (+44.3% vs. +30.5%). The Zacks analyst believes that with higher energy prices supporting the state-run giant's exploration and production segment, the stock is expected to gain further. As is evident from the nine-month results, PetroChina's upstream segment has been benefiting from the turnaround in oil prices. The unit posted an operating income of RMB 58.4 billion, nearly trebling from the year-ago profit.
 

Being one of the two Chinese integrated oil firms, PetroChina is already well-positioned to capitalize on the country’s growing natural gas demand. The company’s natural gas business offers lucrative growth prospects in the coming years as China moves from coal to natural gas. Consequently, PetroChina is viewed a preferred energy firm to own now.
 

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

Other noteworthy reports we are featuring today include GlaxoSmithKline plc (GSK), Deere & Company (DE) and Mitsubishi UFJ Financial Group, Inc. (MUFG).
 

Mark Vickery
Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>