Monday, April 18, 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 Tesla, Inc. (TSLA), Broadcom Inc. (AVGO), and Comcast Corporation (CMCSA). 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 Tesla have handily outperformed the Zacks Automotive - Domestic industry over the past year (+37.6% vs. -0.4%) on the back of the company's market leading position in the electric vehicle (EV) space. Along with rising deliveries of Model 3, which is the bestselling EV in the world, Model Y is boosting Tesla’s prospects. With China being the biggest EV market, Tesla’s ambitious production plans in the country bode well.    
 
The Zacks analyst believes that robust production of Model 3 and Y from Shanghai gigafactory is a major positive catalyst. In addition to high automotive revenues, Tesla’s energy generation and storage revenues are also growing thanks to positive reception of Megapack and Powerwall products. Given the tailwinds, Tesla appears an attractive bet and is poised for stock price appreciation.
 
(You can read the full research report on Tesla here >>>)
 

Shares of Broadcom have outperformed the Zacks Electronics - Semiconductors industry over the past year (+29.5% vs. +6.7%). The Zacks analyst believes that Broadcom is riding on continued strength across both Semiconductor solutions and Infrastructure software verticals. The company is benefiting from a diverse customer base, which helped to distribute one billion Wi-Fi 6/6E chips over the past three years. The company is also expected to benefit with the world’s first complete end-to-end chipset solutions for the Wi-Fi 7 ecosystem.
 

In the server storage connectivity domain, much of the growth are anticipated to be driven by the continued recovery of enterprise IT spending deployed toward upgrading computer service. A strong uptick in broadband, networking and wireless revenues is encouraging. However, increasing competition along with high debt levels are persistent overhangs.
 
(You can read the full research report on Broadcom here >>>)
 
Comcast shares have declined -11% over the past year against the Zacks Cable Television industry’s decline of -10.5%. The Zacks analyst believes that Comcast persistently suffers from video-subscriber attrition due to cord cutting. Moreover, a leveraged balance sheet is a major concern.
 
However, Comcast is also benefiting from strength in broadband subscriber base and strong momentum in the wireless business. Its strategy to provide high-speed Internet at an affordable price plays a pivotal role in providing connectivity, improving customer wins and experience.
 
Media consumption and the work-from-home and online-learning waves bode well for Comcast’s Internet business due to the recent pandemic. The company’s streaming service Peacock gained significant traction within a short span and is a key catalyst in driving broadband sales.
 
(You can read the full research report on Comcast here >>>)
 

Other noteworthy reports we are featuring today include Sanofi (SNY), S&P Global Inc. (SPGI), and Infosys Limited (INFY).
 
Sheraz Mian
 
Director of Research

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>>>