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The Zacks Analyst Blog Highlights Intel, Lockheed Martin, International Business Machines, Berkshire Hathaway and Infosys

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For Immediate Release

Chicago, IL – March 7, 2022 – 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: Intel Corp. (INTC - Free Report) , Lockheed Martin Corp. (LMT - Free Report) , International Business Machines Corp. (IBM - Free Report) , Berkshire Hathaway (BRK.B - Free Report) and Infosys Ltd. (INFY - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Top Research Reports for Intel, Lockheed Martin and IBM

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 Intel Corp., Lockheed Martin Corp. and International Business Machines Corp.. 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 >>>

Intel shares have declined -21.1% over the past year against the Zacks Semiconductor - General industry’s gain of +31.9%. However, Intel reported fourth-quarter 2021 non-GAAP earnings of $1.09 per share, which beat the Zacks Consensus Estimate by 21.1%.

The Zacks analyst believes that the company is riding on strong prospects of the Internet of Things and Mobileye businesses. Recovery in the enterprise business of the data center segment is a positive. Intel is likely to benefit from higher demand for its 10 nanometer (nm) SuperFin process-based 11th Gen core processors.

Intel announced partnerships with ZEEKR and Sixt SE, and plans to unveil Mobileye’s robotaxi equipped with the Mobileye Drive system. However, the Client Computing Group is expected to suffer due to component shortage. Production delays pertaining to 7 nm ramp up remain a concern.

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

Shares of Lockheed Martin have outperformed the Zacks Aerospace - Defense industry over the past year (+31.5% vs. -28.2%). It is the largest U.S. defense contractor that has a steady inflow of orders from its leveraged presence in the Army, Air Force, Navy and IT programs. The Zacks analyst believes that expansionary U.S. budgets will also boost its business. The F-35 program continues to be a key growth program for its Aeronautics business unit. In the past year, the stock has outperformed its industry.

However, America and Turkey's tiff on the latter accepting Russian products may hurt its component supply from Turkey. The company is facing performance issues concerning some of its products, which, in turn, may hurt its results. Also, an uncertainty revolving around the possible Chinese sanction on Lockheed might impact the latter.

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

Shares of IBM have outperformed the Zacks Computer - Integrated Systems industry over the past year (+2.5% vs. +0.1%). IBM reported relatively healthy fourth-quarter 2021 results with solid hybrid cloud adoption backed by a resilient business model and robust cash flow position driven by a diligent execution of operational plans. Despite year-over-year growth, both adjusted earnings and revenues missed the Zacks Consensus Estimate.

The Zacks analyst believes that synergies from the Red Hat buyout are boosting the company’s competitive position in the hybrid cloud market. IBM is poised to gain from the spin-off of the legacy infrastructure services business as it focuses on its hybrid cloud strategy. However, stiff competition in the cloud computing market from the likes of Amazon Web Services and Microsoft Azure remains an overhang. Higher debt levels amid extensive restructuring activities pose a concern.

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

Other noteworthy reports we are featuring today include Berkshire Hathaway and Infosys Ltd.

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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.

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