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The Zacks Analyst Blog Highlights Oracle, Progressive, MercadoLibre, Moderna and Agilent
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For Immediate Release
Chicago, IL – January 26, 2024 – 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: Oracle Corp. (ORCL - Free Report) , The Progressive Corp. (PGR - Free Report) , MercadoLibre, Inc. (MELI - Free Report) , Moderna, Inc. (MRNA - Free Report) and Agilent Technologies, Inc. (A - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for Oracle, Progressive and MercadoLibre
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Oracle Corp., The Progressive Corp. and MercadoLibre. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Oracle have gained +29.2% over the past year against the Zacks Computer - Software industry’s gain of +56.9%. The company’s second-quarter fiscal 2023 results benefited from a steady adoption of Gen 2 Cloud, Fusion and Autonomous Database despite slow cloud revenue growth. Its Gen 2 Cloud is driving artificial intelligence (AI) clientele because of better performance at a lower cost due to high bandwidth and low-latency RDMA networks.
Partnerships with VMware and Microsoft is helping Oracle win new clientele. The company is launching a generative AI cloud service for enterprise customers. Its share buybacks and dividend policy are noteworthy.
However, an uncertain economic environment and competition in the cloud computing market is weighing on demand for its cloud offerings. Stiff competition in the cloud market is slowing down the growth of its expansion efforts in the competitive market.
Progressive shares have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+33.2% vs. +18.0%). The company continues to gain on higher premiums, given its compelling product portfolio, leadership position and strength in both Vehicle and Property businesses.
Focus on becoming a one-stop insurance destination, catering to customers opting for a combination of home and auto insurance, augurs well for the company's growth. Policies in force and retention ratio should remain healthy. Competitive pricing to retain current customers and address customer needs with new offerings should continue to drive policy life expectancy.
However, exposure to catastrophe losses induces underwriting volatility. Escalating expenses due to higher losses and settlement expenses remain an overhang on the margin. High debt level along with low times earned interest pose financial risk.
Shares of MercadoLibre have outperformed the Zacks Internet - Commerce industry over the past year (+48.3% vs. +28.4%). The company is benefiting from accelerating commerce and fintech revenues. Increasing total payments volume (TPV), courtesy of the robust Mercado Pago, is contributing well. Also, strong mobile-point-of-sale business is a plus.
Further, rising gross merchandise volume (GMV) remains a tailwind. Solid shipment growth is acting as a key catalyst. Growing momentum in user engagement, driven by continued improvements in logistics experience, is a plus. Also, strong momentum across the company's advertising services is a positive.
Additionally, MercadoLibre continues to benefit from strong online-to-offline offerings. However, mounting expenses related to warehousing, free shipping subsidies and mPOS discounts are major concerns.
Other noteworthy reports we are featuring today include Moderna, Inc. and Agilent Technologies, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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 Oracle, Progressive, MercadoLibre, Moderna and Agilent
For Immediate Release
Chicago, IL – January 26, 2024 – 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: Oracle Corp. (ORCL - Free Report) , The Progressive Corp. (PGR - Free Report) , MercadoLibre, Inc. (MELI - Free Report) , Moderna, Inc. (MRNA - Free Report) and Agilent Technologies, Inc. (A - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for Oracle, Progressive and MercadoLibre
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including Oracle Corp., The Progressive Corp. and MercadoLibre. 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 Oracle have gained +29.2% over the past year against the Zacks Computer - Software industry’s gain of +56.9%. The company’s second-quarter fiscal 2023 results benefited from a steady adoption of Gen 2 Cloud, Fusion and Autonomous Database despite slow cloud revenue growth. Its Gen 2 Cloud is driving artificial intelligence (AI) clientele because of better performance at a lower cost due to high bandwidth and low-latency RDMA networks.
Partnerships with VMware and Microsoft is helping Oracle win new clientele. The company is launching a generative AI cloud service for enterprise customers. Its share buybacks and dividend policy are noteworthy.
However, an uncertain economic environment and competition in the cloud computing market is weighing on demand for its cloud offerings. Stiff competition in the cloud market is slowing down the growth of its expansion efforts in the competitive market.
(You can read the full research report on Oracle here >>>)
Progressive shares have outperformed the Zacks Insurance - Property and Casualty industry over the past year (+33.2% vs. +18.0%). The company continues to gain on higher premiums, given its compelling product portfolio, leadership position and strength in both Vehicle and Property businesses.
Focus on becoming a one-stop insurance destination, catering to customers opting for a combination of home and auto insurance, augurs well for the company's growth. Policies in force and retention ratio should remain healthy. Competitive pricing to retain current customers and address customer needs with new offerings should continue to drive policy life expectancy.
However, exposure to catastrophe losses induces underwriting volatility. Escalating expenses due to higher losses and settlement expenses remain an overhang on the margin. High debt level along with low times earned interest pose financial risk.
(You can read the full research report on Progressive here >>>)
Shares of MercadoLibre have outperformed the Zacks Internet - Commerce industry over the past year (+48.3% vs. +28.4%). The company is benefiting from accelerating commerce and fintech revenues. Increasing total payments volume (TPV), courtesy of the robust Mercado Pago, is contributing well. Also, strong mobile-point-of-sale business is a plus.
Further, rising gross merchandise volume (GMV) remains a tailwind. Solid shipment growth is acting as a key catalyst. Growing momentum in user engagement, driven by continued improvements in logistics experience, is a plus. Also, strong momentum across the company's advertising services is a positive.
Additionally, MercadoLibre continues to benefit from strong online-to-offline offerings. However, mounting expenses related to warehousing, free shipping subsidies and mPOS discounts are major concerns.
(You can read the full research report on MercadoLibre here >>>)
Other noteworthy reports we are featuring today include Moderna, Inc. and Agilent Technologies, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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.