We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog highlights Procter & Gamble, Verizon Communications, Wells Fargo Advanced Micro Devices and Uber Technologies.
Read MoreHide Full Article
For Immediate Release
Chicago, IL – September 28, 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: Procter & Gamble Co. (PG - Free Report) , Verizon Communications Inc. (VZ - Free Report) , Wells Fargo & Co. (WFC - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) and Uber Technologies, Inc. (UBER - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Procter & Gamble, UPS, Verizon and Wells Fargo
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 The Procter & Gamble Co., Verizon Communications Inc. and Wells Fargo & Co.. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Procter & Gamble shares have declined -3.5% over the past year against the Zacks Soap and Cleaning Materials industry's decline of -7.6%. The unfavorable mix of commodity cost inflation, increase in freight costs, product and packaging investments and other impacts hurt margins. It expects higher commodity and freight costs to persist in fiscal 2023.
However, earnings and sales improved year over year. Results have been driven by higher sales, robust pricing and a favorable mix. Improved productivity amid cost headwinds also aided the results.
Management issued a favorable view for fiscal 2023. It witnessed SG&A expense leverage, owing to savings from overhead and marketing expenses, and cost leverage gains due to higher sales and real estate.
Verizon's shares have declined -28.1% over the past year against the Zacks Wireless National industry's decline of -24.7%. The company has lowered its guidance for 2022 due to a challenging macroeconomic environment. An intensely competitive market and hefty expenses on promotions and lucrative discounts to attract customers are likely to hurt its profitability. High auctioning expenses for the mid-band spectrum are expected to further compromise margins.
However, Verizon plans to accelerate the availability of the 5G Ultra Wideband network with C-Band deployment, focusing on 5G mobility, nationwide broadband, mobile edge computing and business solutions. It is offering various mix-and-match pricing in both wireless and home broadband plans which led to solid customer additions.
It continues to deploy the latest 4G LTE Advanced technologies to deliver faster peak data speeds and capacity for customers driven by customer-focused planning, disciplined engineering and investments.
Wells Fargo shares have declined -12.9% over the past year against the Zacks Banks - Major Regional industry's decline of -27.9%. Due to legal hassles, Wells Fargo has been penalized with business restrictions and a monetary fine. Restrictions on asset growth will continue to limit loan expansion ability. A decline in originations might limit mortgage banking income.
However, the company's progress on efficiency initiatives propelled expense control and savings, which are likely to support its bottom line in the upcoming period. Strength in the deposit balance will aid the bank's liquidity position.
The company's solid liquidity position will help to meet its debt obligations if the economic situation worsens. Also, capital deployment activities seem sustainable.
Other noteworthy reports we are featuring today include Advanced Micro Devices, Inc. and Uber Technologies, Inc..
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.
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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog highlights Procter & Gamble, Verizon Communications, Wells Fargo Advanced Micro Devices and Uber Technologies.
For Immediate Release
Chicago, IL – September 28, 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: Procter & Gamble Co. (PG - Free Report) , Verizon Communications Inc. (VZ - Free Report) , Wells Fargo & Co. (WFC - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) and Uber Technologies, Inc. (UBER - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Procter & Gamble, UPS, Verizon and Wells Fargo
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 The Procter & Gamble Co., Verizon Communications Inc. and Wells Fargo & 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 >>>
Procter & Gamble shares have declined -3.5% over the past year against the Zacks Soap and Cleaning Materials industry's decline of -7.6%. The unfavorable mix of commodity cost inflation, increase in freight costs, product and packaging investments and other impacts hurt margins. It expects higher commodity and freight costs to persist in fiscal 2023.
However, earnings and sales improved year over year. Results have been driven by higher sales, robust pricing and a favorable mix. Improved productivity amid cost headwinds also aided the results.
Management issued a favorable view for fiscal 2023. It witnessed SG&A expense leverage, owing to savings from overhead and marketing expenses, and cost leverage gains due to higher sales and real estate.
(You can read the full research report on Procter & Gamble here >>>)
Verizon's shares have declined -28.1% over the past year against the Zacks Wireless National industry's decline of -24.7%. The company has lowered its guidance for 2022 due to a challenging macroeconomic environment. An intensely competitive market and hefty expenses on promotions and lucrative discounts to attract customers are likely to hurt its profitability. High auctioning expenses for the mid-band spectrum are expected to further compromise margins.
However, Verizon plans to accelerate the availability of the 5G Ultra Wideband network with C-Band deployment, focusing on 5G mobility, nationwide broadband, mobile edge computing and business solutions. It is offering various mix-and-match pricing in both wireless and home broadband plans which led to solid customer additions.
It continues to deploy the latest 4G LTE Advanced technologies to deliver faster peak data speeds and capacity for customers driven by customer-focused planning, disciplined engineering and investments.
(You can read the full research report on Verizon here >>>)
Wells Fargo shares have declined -12.9% over the past year against the Zacks Banks - Major Regional industry's decline of -27.9%. Due to legal hassles, Wells Fargo has been penalized with business restrictions and a monetary fine. Restrictions on asset growth will continue to limit loan expansion ability. A decline in originations might limit mortgage banking income.
However, the company's progress on efficiency initiatives propelled expense control and savings, which are likely to support its bottom line in the upcoming period. Strength in the deposit balance will aid the bank's liquidity position.
The company's solid liquidity position will help to meet its debt obligations if the economic situation worsens. Also, capital deployment activities seem sustainable.
(You can read the full research report on Wells Fargo here >>>)
Other noteworthy reports we are featuring today include Advanced Micro Devices, Inc. and Uber Technologies, Inc..
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.