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The Zacks Analyst Blog Highlights Microsoft, Amazon.com, NVIDIA, AbbVie and HSBC Holdings

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For Immediate Release

Chicago, IL – March 9, 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: Microsoft Corp. (MSFT - Free Report) , Amazon.com, Inc. (AMZN - Free Report) , NVIDIA Corp. (NVDA - Free Report) , AbbVie Inc. (ABBV - Free Report) and HSBC Holdings plc (HSBC - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for Microsoft, Amazon and NVIDIA

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 Microsoft Corp., Amazon.com, Inc. and NVIDIA 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 >>>

Shares of Microsoft have outperformed the Zacks Computer - Software industry over the past year (+19.3% vs. +11.6%), with the stock benefiting from strength in its Azure cloud platform amid accelerated global digital transformation as reflected by the second-quarter fiscal 2022 results. Teams’ user growth is gaining from continuation of remote work and mainstream adoption of hybrid/flexible work models. Recovery in the advertising and job markets boosted LinkedIn and Search revenues. Solid uptake of new Xbox consoles is aiding the gaming segment performance. 

The company is witnessing growth in user base of its different applications including Microsoft 365 suite, Dynamics and Power Platform. Microsoft expects Surface revenues to grow in the mid-teens range, driven by strong demand for premium devices. However, stiff competition in the cloud space is likely to dent margins. 

(You can read the full research report on Microsoft here >>>

Shares of Amazon have outperformed the Zacks Internet – Commerce industry over the past two-year period (+52.7% vs. -25.9%) on the back of solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Further, a strengthening relationship with third-party sellers is a positive. Also, growing momentum across Amazon Music is contributing well.

Additionally, a strong adoption rate of AWS is aiding the company’s cloud dominance. Expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. 

Further, robust Alexa skills and expanding smart home products portfolio are positives. Additionally, the company’s strong global presence and solid momentum among the small and medium businesses remain tailwinds. However, growing expenses associated with supply-chain constraints and labor supply shortages remain concerns. 

(You can read the full research report on Amazon here >>>

Shares of NVIDIA have outperformed the Zacks Semiconductor - General industry over the past year (+70.5% vs. +20.5%). The Zacks analyst believes that NVIDIA is benefiting from the coronavirus-induced work and learn-from-home wave. It is also benefiting from strong growth in GeForce desktop and notebook Graphic Processing Units, which is boosting gaming revenues.

Moreover, a surge in Hyperscale demand remains a tailwind for the company’s Data Center business. Expansion of NVIDIA GeForce NOW is expected to drive user base. Further, solid uptake of artificial intelligence-based smart cockpit infotainment solutions is a boon. 

Additionally, collaboration with Mercedes-Benz is expected to further strengthen NVIDIA’s presence in the autonomous vehicles and other automotive electronics space. However, management expects COVID-19 pandemic to negatively impact near-term revenues. Moreover, the U.S.-China trade war remains a key concern. 

(You can read the full research report on NVIDIA here >>>

Other noteworthy reports we are featuring today include AbbVie Inc. and HSBC Holdings plc.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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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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