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The Zacks Analyst Blog Highlights Alphabet, JPMorgan Chase, Coca-Cola, Salesforce, and Linde

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For Immediate Release

Chicago, IL – September 19, 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: Alphabet Inc. (GOOGL - Free Report) , JPMorgan Chase & Co. (JPM - Free Report) , The Coca-Cola Co. (KO - Free Report) , Salesforce, Inc. (CRM - Free Report) , and Linde plc (LIN - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Top Stock Reports for Alphabet, JPMorgan and Coca-Cola

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 Alphabet Inc., JPMorgan Chase & Co. and The Coca-Cola 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 >>>

Alphabet shares have gained +38.4% over the past two years against the Zacks Internet - Services industry’s gain of +24.7%. The company’s expanding data centers will continue to bolster its presence in the cloud space. For 2022, we expect Google Cloud revenue to grow 8.4% from 2021. Further, major updates in its search segment are enhancing the search results.

Moreover, Google’s mobile search is gaining solid momentum. For 2022, we anticipate Google Search revenue to be up 11% from the last year. Also, strong focus on innovation of AI techniques and the home automation space should continue aiding Alphabet’s business growth in the days ahead.

Its deepening focus on the wearables category remains a tailwind. Also, Alphabet’s expanding presence in the autonomous driving space is contributing well. Considering the aforesaid factors, we expect 2022 total revenue to grow 10.3% from 2021.

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

JPMorgan Chase shares have declined -23.7% over the past year against the Zacks Banks - Major Regional industry’s decline of -14.0%. The volatile nature of the capital markets business and higher mortgage rates are likely to make fee income growth challenging. Our estimates for non-interest income (managed) indicate a decline almost 15%.

Moreover, steadily rising operating expenses remains a key near-term headwind. Notably, given the possibility of an economic downturn and to meet higher capital requirements, the bank has suspended buybacks.

Nevertheless, higher interest rates and growth in loan demand are expected to result in a robust improvement in net interest income (NII). The Zacks estimate for NII (managed) suggest a CAGR of around 19% over the next three years Opening new branches, strategic buyouts/investments and global expansion and digitization initiatives are likely to keep driving the company’s financials.

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

Coca-Cola shares have outperformed the Zacks Beverages - Soft drinks industry over the past year (+13.0% vs. +6.1%). The company’s top and bottom lines surpassed estimates for the sixth straight quarter. The company’s results reflect elasticity in the marketplace despite the ongoing global challenges. Sales gained from revenue growth across its operating segments, aided by an improved price/mix and an increase in concentrate sales.

Coca-Cola benefited from underlying share gains in both at-home and away-from-home channels. It raised the organic revenues and comparable earnings per share growth guidance for 2022. It is poised to gain from innovations and accelerating digital investments.

However, pressures from higher supply chain costs, including transportation and input costs remain. Higher marketing spends and currency headwinds are also concerning.

(You can read the full research report on Coca-Cola here >>>)

Other noteworthy reports we are featuring today include Salesforce, Inc., and Linde plc.

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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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