Wednesday, July 20, 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 Comcast Corporation (CMCSA), Texas Instruments Incorporated (TXN), and Philip Morris International Inc. (PM). 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 >>>

Comcast shares have declined -27.0% over the past year against the S&P 500 index's -16.5% in the same time period, with persistent video-subscriber attrition due to cord cutting in the core cable business and a leveraged balance sheet as the major worries.

However, strength in the broadband subscriber base and strong momentum in the wireless business. The company’s strategy to provide high-speed Internet at an affordable price plays a pivotal role in providing connectivity and improving customer experience.

Moreover, COVID-led increased media consumption and the work-from-home and online-learning waves bode well for Comcast’s Internet business. The company’s streaming service Peacock gained significant traction within a short span and is a key catalyst in driving broadband sales. Strong free cash flow generation ability is noteworthy

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

Texas Instruments shares have declined -13.1% over the past year against the Zacks Semiconductor - General industry’s decline of -16.1%. The zacks analyst believes that the company’s weakness in the personal electronics market remains a headwind. Further, intensifying market competition and coronavirus-related uncertainties are concerns.

A solid rebound in the automotive market and further, strong demand environment in the industrial, communication equipment and enterprise systems markets is a major positive. Additionally, solid momentum across Analog segment owing to robust signal chain and power product lines, is contributing well to the top line.

Also, robust Embedded Processing segment is contributing well. Notably, solid investments in new growth avenues and competitive advantages remain tailwinds. The company’s portfolio of long-lived products and efficient manufacturing strategies are other positives

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

Philip Morris shares have declined -5.1% over the past year against the Zacks Tobacco industry’s decline of -1.8%. While supply chain issues and Russia/Ukraine exposure accounts for the stock's modest underperformance relative to the peer group, its status as a stalwart defensive play and attractive dividend have helped it hold up a lot better than the broader market. 

The war has further disrupted the global supply chain and has increased the inflationary pressure in certain materials and services. However, Philip Morris is benefiting from its pricing power, which aided its first-quarter 2022 results.

Strength in IQOS and the combustible business drove performance despite headwinds.  Pricing for combustible products rose more than 3% and by roughly 6% on excluding Indonesia. Strength in the reduced-risk products category has been benefiting the company for a while now.

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

Other noteworthy reports we are featuring today include Equinor ASA (EQNR), The Goldman Sachs Group, Inc. (GS), and Applied Materials, Inc. (AMAT).

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>>>