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The Zacks Analyst Blog Highlights JPMorgan Chase, Intel, Advanced Micro Devices, Target and Suncor Energy
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For Immediate Release
Chicago, IL – December 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: JPMorgan Chase & Co. (JPM - Free Report) , Intel Corp. (INTC - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) , Target Corp. (TGT - Free Report) and Suncor Energy Inc. (SU - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for JPMorgan, Intel and AMD
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 JPMorgan Chase & Co. (JPM - Free Report) , Intel Corp. (INTC - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) . These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of JPMorgan have outperformed the Zacks Banks - Major Regional industry over the past six months (+13.9% vs. +4.2%). In fact, JP Morgan’s third-quarter 2022 results show positive effects of higher rates and solid loan demand as well as robust trading performance, while a worsening macroeconomic outlook was a headwind.
The Zacks analyst believes that opening new branches, strategic buyouts/investments and global expansion and digitization efforts will keep driving financials. Higher rates and a steady rise in loan demand will keep aiding net interest income (NII). Yet, the volatile nature of the capital markets business and higher mortgage rates are likely to make fee income growth tough. Steadily rising expenses remain a key issue.
Intel’s shares have declined -45.2% over the year to date period against the Zacks Semiconductor - General industry’s loss of -37.3%. The tech giant reported mixed third-quarter 2022 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed. Both revenues and earnings declined year over year, owing to a challenging macroeconomic environment and softening demand trends.
The Zacks analyst believes that production delays pertaining to its 7 nm ramp up remain a concern. An imposition of fresh lockdown restrictions in some markets, forex woes and high debt burden are other headwinds. It is witnessing intensifying competition in the server, networking and storage markets, while inflated raw material costs and signs of market saturation are worrisome.
The Sino-US trade war is also adversely impacting its growth prospects. However, its Mobileye growth should be driven by design wins amid recovering automotive industry. Recovery in the enterprise business of the data center segment is a positive.
Advanced Micro Devices’ shares have declined -48.7% over the past year against the Zacks Electronics – Semiconductors industry’s loss of -25.9%. The Zacks analyst believes that Advanced Micro Devices’ data center GPU revenues were down significantly year over year against tough comparisons.
Nevertheless, AMD witnessed record sales of Xilinx FPGA and networking data center products. Pensando DPUs also witnessed strong demand. However, Client segment revenues declined year over year reflecting declining PC shipment.
AMD’s third-quarter 2022 results benefited from higher Data Center and Embedded revenues. It’s Data Center sales benefited from strong sales of third-gen EPYC server processors. Cloud revenues more than doubled year over year and increased sequentially as multiple hyperscalers expanded the deployment of EPYC processors.
Other noteworthy reports we are featuring today include Target Corp. and Suncor Energy 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.
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The Zacks Analyst Blog Highlights JPMorgan Chase, Intel, Advanced Micro Devices, Target and Suncor Energy
For Immediate Release
Chicago, IL – December 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: JPMorgan Chase & Co. (JPM - Free Report) , Intel Corp. (INTC - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) , Target Corp. (TGT - Free Report) and Suncor Energy Inc. (SU - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for JPMorgan, Intel and AMD
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 JPMorgan Chase & Co. (JPM - Free Report) , Intel Corp. (INTC - Free Report) and Advanced Micro Devices, Inc. (AMD - Free Report) . 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 JPMorgan have outperformed the Zacks Banks - Major Regional industry over the past six months (+13.9% vs. +4.2%). In fact, JP Morgan’s third-quarter 2022 results show positive effects of higher rates and solid loan demand as well as robust trading performance, while a worsening macroeconomic outlook was a headwind.
The Zacks analyst believes that opening new branches, strategic buyouts/investments and global expansion and digitization efforts will keep driving financials. Higher rates and a steady rise in loan demand will keep aiding net interest income (NII). Yet, the volatile nature of the capital markets business and higher mortgage rates are likely to make fee income growth tough. Steadily rising expenses remain a key issue.
(You can read the full research report on JPMorgan here >>>)
Intel’s shares have declined -45.2% over the year to date period against the Zacks Semiconductor - General industry’s loss of -37.3%. The tech giant reported mixed third-quarter 2022 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed. Both revenues and earnings declined year over year, owing to a challenging macroeconomic environment and softening demand trends.
The Zacks analyst believes that production delays pertaining to its 7 nm ramp up remain a concern. An imposition of fresh lockdown restrictions in some markets, forex woes and high debt burden are other headwinds. It is witnessing intensifying competition in the server, networking and storage markets, while inflated raw material costs and signs of market saturation are worrisome.
The Sino-US trade war is also adversely impacting its growth prospects. However, its Mobileye growth should be driven by design wins amid recovering automotive industry. Recovery in the enterprise business of the data center segment is a positive.
(You can read the full research report on Intel here >>>)
Advanced Micro Devices’ shares have declined -48.7% over the past year against the Zacks Electronics – Semiconductors industry’s loss of -25.9%. The Zacks analyst believes that Advanced Micro Devices’ data center GPU revenues were down significantly year over year against tough comparisons.
Nevertheless, AMD witnessed record sales of Xilinx FPGA and networking data center products. Pensando DPUs also witnessed strong demand. However, Client segment revenues declined year over year reflecting declining PC shipment.
AMD’s third-quarter 2022 results benefited from higher Data Center and Embedded revenues. It’s Data Center sales benefited from strong sales of third-gen EPYC server processors. Cloud revenues more than doubled year over year and increased sequentially as multiple hyperscalers expanded the deployment of EPYC processors.
(You can read the full research report on Advanced Micro Devices here >>>)
Other noteworthy reports we are featuring today include Target Corp. and Suncor Energy 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 >>
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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.