Back to top

Image: Bigstock

The Zacks Analyst Blog Highlights Apple, Berkshire Hathaway, JPMorgan Chase, NVIDIA, and Bank of America

Read MoreHide Full Article

For Immediate Release

Chicago, IL – April 13, 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 JApple Inc. (AAPL - Free Report) , Berkshire Hathaway Inc. (BRK.B - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , NVIDIA Corp. (NVDA - Free Report) and Bank of America Corp. (BAC - Free Report) .
 

Here are highlights from Tuesday’s Analyst Blog:

Top Research Reports for Apple, Berkshire Hathaway and JPMorgan Chase

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 Apple Inc., Berkshire Hathaway Inc., and JPMorgan Chase & Co.. 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 >>>
 

Apple shares have gained +24% over the past year against the +8.2% gain for the S&P 500 index on the back of continued momentum in services and robust performance from iPhone, Mac, Wearables, and an expanding App Store ecosystem. Availability of new Mac Studio, new iPad Air and the most affordable iPhone SE. Apple TV+ is gaining recognition with shows like Ted Lasso winning Emmy and CODA wining Academy Award for Best Picture.
 

However, Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the pandemic. Nevertheless, Apple expects to achieve solid year-over-year revenue growth and set a second quarter revenue record despite significant supply constraints, which it estimates to be less than the fiscal first quarter.

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

Shares of Berkshire Hathaway have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+31.8% vs. +19%). The Zacks analyst sees this performance continuing for this property and casualty insurance leader that is effectively financial conglomerate and Warren Buffett's investment vehicle. A strong cash position supports earnings-accretive bolt-on buyouts and indicates the company's financial flexibility. Continued insurance business growth fuels an increase in float, drives earnings, and generates maximum return on equity.

The non-insurance businesses are delivering improved results with increased revenues over the past few years. A sturdy capital level provides further impetus. However, exposure to catastrophe loss induces earnings volatility and also affects the property and casualty underwriting results of Berkshire. Huge capital expenditure remains a headwind for the company.

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

Shares of JPMorgan have underperformed the Zacks Banks - Major Regional industry over the past year (-11.4% vs. -1.7%) on growing uncertainty about the economic outlook in the wake of recent yield-curve developments. We will get a better sense of the operating environment after this week's Q1 earnings report, but estimates have been coming down lately given weak investment banking and trading business and rising expenses.

The ongoing Fed tightening cycle is a net positive for JPMorgan and the peer group as it will help boost margins. The outlook for loan demand also appears favorable, though sustainability of the trend is far from certain.

Zacks analyst believes that the normalization of the trading business is expected to hurt the company's fee income growth, going forward. Further, relatively lower interest rates in the near term are expected to keep weighing on the company's margins and interest income. Steadily rising operating expenses remain a major near-term headwind.
 
However, opening new branches, strategic acquisitions/investments, global expansion and digitization initiatives, and decent investment banking (IB) pipeline are expected to keep supporting the company's financials. Additionally, its steady capital deployments look sustainable and will enhance shareholder value.

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

Other noteworthy reports we are featuring today include NVIDIA Corp., and Bank of America Corp..

Why Haven't You Looked at Zacks' Top Stocks?

Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.

See Stocks Free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

https://www.zacks.com                                                 

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.

Published in