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The Zacks Analyst Blog Highlights: Johnson & Johnson, Netflix, Microsoft, Amazon and Alphabet

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For Immediate Release

Chicago, IL –October 22, 2018 – 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: Johnson & Johnson (JNJ - Free Report) , Netflix (NFLX - Free Report) , Microsoft Corporation (MSFT - Free Report) , Amazon.com, Inc. (AMZN - Free Report) and Alphabet Inc. (GOOGL - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Upcoming Tech Earnings to Watch: MSFT, AMZN and GOOGL

Stocks gained in morning trading Friday as Wall Street looked to bounce back from back-to-back days of losses. Investors are still struggling to find a footing in the wake of last week's dramatic selling, but it is clear that strong earnings reports will battle with other headwinds for control of market sentiment over the next few weeks.

Earnings season did get off to a solid start this week, with consumer bellwethers such as Johnson & Johnson and Netflix tallying impressive numbers. Wall Street will hope the latter of those two reports sets the tone for the tech sector, which has been particularly volatile recently as investors reconsider risk.

More major tech reports will begin pouring in next week, and investors should remember to use the Zacks Earnings Calendar during this busy stretch. This handy tool is your perfect one-stop-shop to properly prepare for earnings, dividend announcements, and other important financial releases.

Let’s take a closer look at a few of the sector's marquee reports due during the week of October 22.

1. Microsoft Corporation

Consumer and enterprise tech behemoth Microsoft will file its latest quarterly earnings report after the closing bell on October 24. Microsoft's momentum hit a wall last week, but the stock is still up over 13% in the past six months, and recent earnings reports have been lifted by strong showings in key growth catalysts such as cloud computing.

According to our latest Zacks Consensus Estimates, analysts are expecting adjusted earnings of 96 cents per share and revenue of $27.72 billion. These figures represent year-over-year growth of 14% and 13%, respectively. Earnings estimates have trended slightly higher over the duration over the quarter, earnings MSFT a Zacks Rank #2 (Buy) ahead of the report.

2. Amazon.com, Inc.

E-commerce king Amazon is scheduled to announce its most recent financial results after US markets close on October 25. Amazon shares, like Microsoft, have pulled back recently. Still, AMZN has been leader of our historic bull market and has notched gains of nearly 14% over the past six months. The company has also crushed earnings estimates over the past year.

The consensus estimates Amazon will be hoping to crush next week sit at $3.29 per share for earnings and $59.97 billion for revenue. Cloud computing will continue to be a profit buoy for the tech giant, although investors will be looking for growth in new segments like brick-and-mortar retail.

3. Alphabet Inc.

Google parent Alphabet will also post its latest earnings results after the market closes on October 25. Google has, to some extent, been caught up in data privacy issues affecting the broader internet industry this year. Shares have added just over 1% in the past six months, and there is some concern about those issues having a negative impact on the company's business in the long run.

Analysts are calling for Alphabet to report adjusted earnings of $10.54 billion and adjusted revenue of $27.25 billion for the prior quarter, according to our Zacks Consensus Estimates. These figures would mark growth of 10% and 22, respectively.

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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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