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The Zacks Analyst Blog Highlights: PepsiCo, McDonald's, Zoom Video, Goldman Sachs and Skyworks Solutions

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For Immediate Release

Chicago, IL – November 17, 2020 – 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: PepsiCo, Inc. (PEP - Free Report) , McDonald's Corporation (MCD - Free Report) , Zoom Video Communications, Inc. (ZM - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) and Skyworks Solutions, Inc. (SWKS - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Research Reports for PepsiCo, McDonald's and Zoom Video

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 PepsiCo, McDonald's and Zoom Video. 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 >>>

PepsiCo shares have outperformed the Zacks Beverages - Soft drinks industry in the year-to-date period (+5.9% vs. -1.4%). The Zacks analyst believes that despite the pandemic related challenges, the company’s robust third quarter results were backed by resilience and strength in the global snacks and foods business, along with gains in the beverage category.

The snacks/food business benefited from increased at-home consumption trends, while the beverage business returned to growth in the third quarter. The company also gained from its strong portfolio of brands, a responsive supply chain and flexible go-to-market systems, which helped maintain continued supplies.

However, it witnessed soft margins on incremental COVID-19 related costs. Also, adverse currency rates remain a headwind.

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

McDonald's shares have underperformed the Zacks Retail - Restaurants industry in the year to date period (+8.0% vs. +8.6%). The Zacks analyst believes that such a discouraging trend however is likely to reverse in the near term, backed by better-than-expected earnings and revenues in third-quarter 2020. The bottom line beat the consensus estimate after missing the same in the trailing two quarters. The bottom line improved 5% year over year, while the top line declined 2% year over year. 

McDonald’s increased focus on delivery and accelerated deployment of EOTF restaurants in the United States is commendable. However, dismal comps and high debt is hurting the company. Moreover, it is witnessing dismal traffic due to the coronavirus pandemic.

(You can read the full research report on McDonald’s here >>>)

Shares of Zoom Video have gained +493.1% over the year-to-date period against the Zacks Internet - Software industry’s rise of +77.0%. The Zacks analyst believes that demand for the company’s cloud-native video-first platform is expected to remain solid owing to the work-from-home and online-learning wave. Easy to deploy, use, manage and scalability makes Zoom Video’s software popular among its customers. Expanding clientele is expected to drive top-line growth momentum in the near term. Moreover, the company’s expanding international presence is a key catalyst.

However, acute competition from the likes of Microsoft and Cisco in the video-communication space does not bode well.

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

Other noteworthy reports we are featuring today include Goldman Sachs and Skyworks Solutions.

The Hottest Tech Mega-Trend of All

 Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

 See Zacks' 3 Best Stocks to Play This Trend >>

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