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The Zacks Analyst Blog Highlights: Costco, Qualcomm, Applied Materials, Intercontinental Exchange and Ryanair Holdings
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For Immediate Release
Chicago, IL – November 4, 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: Costco Wholesale Corporation (COST - Free Report) , QUALCOMM Incorporated (QCOM - Free Report) , Applied Materials, Inc. (AMAT - Free Report) , Intercontinental Exchange, Inc. (ICE - Free Report) and Ryanair Holdings plc (RYAAY - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Costco, Qualcomm and Applied Materials
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Costco, Qualcomm, and Applied Materials. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Costco have outperformed the Zacks Retail - Discount Stores industry over the past three-month period (+14.3% vs. +4.1%). 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. The strategy to sell products at discounted prices has helped draw customers seeking both value and convenience. These factors have been aiding in registering impressive sales and earnings numbers.
Costco put up a decent performance in fourth-quarter fiscal 2021. While the top line missed the Zacks Consensus Estimate, the bottom line marked the second straight beat. Both the metrics grew year over year. Also, Costco maintained a stellar comps run. While aforementioned factors raise optimism, supply chain bottlenecks and higher labor and freight costs remain concerns.
Shares of Qualcomm have underperformed the Zacks Wireless Equipment industry over the past year (+4.8% vs. +18.2%). The Zacks analyst believes that Qualcomm is likely to benefit from solid 5G traction with greater long-term visibility. The chipmaker anticipates witnessing healthy growth momentum, driven by the ramp-up in 5G-enabled chips and higher demand for digital transformation in the cloud economy.
However, high research and development costs are likely to strain its margins. Severe competition from major players, huge concentration risks, and softness in demand from China might impair its growth potential. Global chip shortage in the semiconductor industry as a result of supply-chain disruptions due to the COVID-19 pandemic is a major headwind.
Shares of Applied Materials have outperformed the Zacks Semiconductor Equipment - Wafer Fabrication industry over the past year (+117.7% vs. +99.2%). The Zacks analyst believes that Applied Materials is benefiting from strong momentum across Semiconductor Systems and Applied Global Services. Further, solid demand for silicon in several applications across various markets remains a tailwind. Additionally, growing usage of OLED technology in smartphones, televisions and computers, remained positive.
Furthermore, increased customer spending in foundry and logic on the back of rising need for specialty nodes in automotive, power, 5G rollout, IoT, communications and image sensor markets, is a major positive. Also, strong momentum in conductor etches is benefiting the company’s position in DRAM and NAND. Moreover, the company remains optimistic about increasing DRAM spending. However, mounting expenses and rising market competition remain overhangs.
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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The Zacks Analyst Blog Highlights: Costco, Qualcomm, Applied Materials, Intercontinental Exchange and Ryanair Holdings
For Immediate Release
Chicago, IL – November 4, 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: Costco Wholesale Corporation (COST - Free Report) , QUALCOMM Incorporated (QCOM - Free Report) , Applied Materials, Inc. (AMAT - Free Report) , Intercontinental Exchange, Inc. (ICE - Free Report) and Ryanair Holdings plc (RYAAY - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Costco, Qualcomm and Applied Materials
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Costco, Qualcomm, and Applied Materials. 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 Costco have outperformed the Zacks Retail - Discount Stores industry over the past three-month period (+14.3% vs. +4.1%). 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. The strategy to sell products at discounted prices has helped draw customers seeking both value and convenience. These factors have been aiding in registering impressive sales and earnings numbers.
Costco put up a decent performance in fourth-quarter fiscal 2021. While the top line missed the Zacks Consensus Estimate, the bottom line marked the second straight beat. Both the metrics grew year over year. Also, Costco maintained a stellar comps run. While aforementioned factors raise optimism, supply chain bottlenecks and higher labor and freight costs remain concerns.
(You can read the full research report on Costco here >>>)
Shares of Qualcomm have underperformed the Zacks Wireless Equipment industry over the past year (+4.8% vs. +18.2%). The Zacks analyst believes that Qualcomm is likely to benefit from solid 5G traction with greater long-term visibility. The chipmaker anticipates witnessing healthy growth momentum, driven by the ramp-up in 5G-enabled chips and higher demand for digital transformation in the cloud economy.
However, high research and development costs are likely to strain its margins. Severe competition from major players, huge concentration risks, and softness in demand from China might impair its growth potential. Global chip shortage in the semiconductor industry as a result of supply-chain disruptions due to the COVID-19 pandemic is a major headwind.
(You can read the full research report on QUALCOMM here >>>)
Shares of Applied Materials have outperformed the Zacks Semiconductor Equipment - Wafer Fabrication industry over the past year (+117.7% vs. +99.2%). The Zacks analyst believes that Applied Materials is benefiting from strong momentum across Semiconductor Systems and Applied Global Services. Further, solid demand for silicon in several applications across various markets remains a tailwind. Additionally, growing usage of OLED technology in smartphones, televisions and computers, remained positive.
Furthermore, increased customer spending in foundry and logic on the back of rising need for specialty nodes in automotive, power, 5G rollout, IoT, communications and image sensor markets, is a major positive. Also, strong momentum in conductor etches is benefiting the company’s position in DRAM and NAND. Moreover, the company remains optimistic about increasing DRAM spending. However, mounting expenses and rising market competition remain overhangs.
(You can read the full research report on Applied Materials here >>>)
Other noteworthy reports we are featuring today include Intercontinental Exchange and Ryanair Holdings.
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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.