For Immediate Release
Chicago, IL – July 28, 2017 – 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 Amazon.com (NASDAQ:AMZN – Free Report), Starbucks (NASDAQ:SBUX – Free Report) and Intel Corporation (NASDAQ:INTC – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
Amazon, Starbucks Slip Post-Earnings, Intel Beats
The world's largest retailer, Amazon.com (NASDAQ:AMZN – Free Report) was selling off 3% immediately following its Q2 earnings report after the bell Thursday, missing its EPS estimates badly: 40 cents per share compared to $1.40 expected. Revenues outperformed, bringing in $38.00 billion as opposed to the $37.21 billion expected, and up 25% year over year. Of course, CEO Jeff Bezos -- the newly minted "richest person in the world" -- does not care about Amazon's bottom line; growing revenues and taking market share remain key.
Operating income missed expectations of $1.1 billion, taking in $916 million instead. Amazon Web Services (AWS), a main growth segment of the company, reported an in-line $4.1 billion in revenues, but less profitable than in recent quarters. Revenue guidance, however, was raised considerably from $35.25-37.75 billion to $39.25-41.75 billion. Operating cash flow rose 37% in the quarter to $17.9 billion.
Let's not forget the $13.7 billion buyout of Whole Foods Market, although the deal is not expected to formally close until the second half of the year. Otherwise, its Prime Day again outperformed expectations as well as both Black Friday and Cyber Monday. Shares of AMZN have become a bit more buoyant since the impact of the earnings numbers first hit, and are now down roughly 2% in late trading.
For more info on AMZN's earnings, click here.
Starbucks (NASDAQ:SBUX – Free Report) saw a big pop in its share price immediately upon its fiscal Q3 earnings report, which saw a meet of 55 cents per share -- the fourth exact meet in the company's last 5 quarters -- on a sales miss of $5.66 billion in the quarter. Analysts had been looking for $5.74 billion. The company also reported its fourth straight miss of same-store sales, though U.S. comps were better than expected at +5%.
For Starbucks, the future is in China, and although it's not an easy road to hoe, it is clearly where new CEO Kevin Johnson feels the future of Starbucks is. Global comps sales missed estimates, but more details regarding Starbucks' China expansion -- including the buyout of the remaining 50% stake in its East China JV -- are expected on the upcoming conference call, including company guidance.
For more info on SBUX's earnings, click here.
Intel Corporation (NASDAQ:INTC – Free Report) posted relatively impressive numbers for its Q2 earnings following the market close, beating the Zacks consensus by 4 cents to 72 cents per share. Sales in the quarter of $14.76 outperformed the $14.41 billion expected, which itself already represented year over year growth of roughly 6.5%. All its main segments were up in Q2, and Intel also raised its fiscal 2017 revenue guidance to around $61.3 billion. Shares blossomed 3% in late trading. following the release.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Get the full Report on AMZN - FREE
Get the full Report on SBUX - FREE
Get the full Report on INTC – FREE
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
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support@zacks.com
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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/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Amazon.com, Starbucks and Intel
For Immediate Release
Chicago, IL – July 28, 2017 – 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 Amazon.com (NASDAQ:AMZN – Free Report), Starbucks (NASDAQ:SBUX – Free Report) and Intel Corporation (NASDAQ:INTC – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Thursday’s Analyst Blog:
Amazon, Starbucks Slip Post-Earnings, Intel Beats
The world's largest retailer, Amazon.com (NASDAQ:AMZN – Free Report) was selling off 3% immediately following its Q2 earnings report after the bell Thursday, missing its EPS estimates badly: 40 cents per share compared to $1.40 expected. Revenues outperformed, bringing in $38.00 billion as opposed to the $37.21 billion expected, and up 25% year over year. Of course, CEO Jeff Bezos -- the newly minted "richest person in the world" -- does not care about Amazon's bottom line; growing revenues and taking market share remain key.
Operating income missed expectations of $1.1 billion, taking in $916 million instead. Amazon Web Services (AWS), a main growth segment of the company, reported an in-line $4.1 billion in revenues, but less profitable than in recent quarters. Revenue guidance, however, was raised considerably from $35.25-37.75 billion to $39.25-41.75 billion. Operating cash flow rose 37% in the quarter to $17.9 billion.
Let's not forget the $13.7 billion buyout of Whole Foods Market, although the deal is not expected to formally close until the second half of the year. Otherwise, its Prime Day again outperformed expectations as well as both Black Friday and Cyber Monday. Shares of AMZN have become a bit more buoyant since the impact of the earnings numbers first hit, and are now down roughly 2% in late trading.
For more info on AMZN's earnings, click here.
Starbucks (NASDAQ:SBUX – Free Report) saw a big pop in its share price immediately upon its fiscal Q3 earnings report, which saw a meet of 55 cents per share -- the fourth exact meet in the company's last 5 quarters -- on a sales miss of $5.66 billion in the quarter. Analysts had been looking for $5.74 billion. The company also reported its fourth straight miss of same-store sales, though U.S. comps were better than expected at +5%.
For Starbucks, the future is in China, and although it's not an easy road to hoe, it is clearly where new CEO Kevin Johnson feels the future of Starbucks is. Global comps sales missed estimates, but more details regarding Starbucks' China expansion -- including the buyout of the remaining 50% stake in its East China JV -- are expected on the upcoming conference call, including company guidance.
For more info on SBUX's earnings, click here.
Intel Corporation (NASDAQ:INTC – Free Report) posted relatively impressive numbers for its Q2 earnings following the market close, beating the Zacks consensus by 4 cents to 72 cents per share. Sales in the quarter of $14.76 outperformed the $14.41 billion expected, which itself already represented year over year growth of roughly 6.5%. All its main segments were up in Q2, and Intel also raised its fiscal 2017 revenue guidance to around $61.3 billion. Shares blossomed 3% in late trading. following the release.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Get the full Report on AMZN - FREE
Get the full Report on SBUX - FREE
Get the full Report on INTC – FREE
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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/performancefor information about the performance numbers displayed in this press release.