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The Zacks Analyst Blog Highlights: Microsoft, Alibaba, Amazon.com and Alphabet
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For Immediate Release
Chicago, IL – April 13, 2020 – 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: Microsoft Corp. (MSFT - Free Report) , Alibaba Group Holding Ltd’s (BABA - Free Report) , Amazon.com, Inc. (AMZN - Free Report) and Alphabet Inc. (GOOGL - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
4 Cloud Computing Stocks to Beat Coronavirus Blues
The rapidly growing number of cases of coronavirus-infected patients across the globe has roiled the equity market. Schools and colleges are closed, with people working remotely since maintaining stringent social distancing measures is most crucial in preventing community transmission of the virus.
Thus, to stay connected, people are now relying heavily on the Internet, which has brightened prospects for cloud players.
Social Distancing
In view of the outbreak, which has been classified as a pandemic by the World Health Organization, governments are imposing strict social distancing measures.
Notably, since the virus was first detected in China late last year, the total number of infected people across the world has increased to 1,484,811, as of Apr 8, per compiled data of Johns Hopkins University. In fact, the virus has already spread across 184 countries, claiming more than 88,000 lives, the compiled data suggests. On the bright side, the data shows recovery of 329,876 people.
Pandemic Boosts Cloud Computing Demand
Thus, in the battle against the pandemic, when mass gatherings are strictly restricted and people are being increasingly told to work from home, cloud computing companies have come to the rescue. Amid strict lockdown measures, there has been heightened demand for online classes, video conferencing, gaming, e-commerce shopping and remote project collaboration. Luckily in today’s world, such services are easily available.
Moreover, to deal with the outbreak, big-data has become one of the biggest assets for the healthcare industry. Thus, storing and managing this enormous amount of data are of utmost importance, where cloud computing firms are emerging as a key player.
Headquartered in Redmond, WA, Microsoft Corp., has been witnessing a considerable jump in Teams usage. In a single week, millions of daily users have spent calling and meeting minutes on the platform, thanks to the lockdown measures. The #3 Ranked company also announced that in March, the usage of Skype surged 70% with roughly 40 million people using the platform on a daily basis.
Based in Hangzhou, the People's Republic of China, Alibaba Group Holding Ltd’s cloud business unitis willing to help medical professionals across the world in their research for coronavirus treatment. Since the need for China’s doctors to share information and knowledge related to the virus with the rest of the world is of paramount importance, the #2 Ranked company is planning to help them with the creation of a virtual community.
Amazon.com, Inc., headquartered in Seattle, WA, provides reliable and cost-effective cloud computing services through Amazon Web Services (“AWS”). Notably, people are using AWS-hosted cloud software at a massive scale since they are working from home. The stock currently carries a Zacks Rank #3.
Headquartered in Mountain View, CA, Alphabet Inc.’s Google Cloud has seen a jump in its remote data storage and processing services. Google Hangouts Meet, which is the video conferencing and collaboration tool of the #3 Ranked company, has been witnessing a spike in daily usage. Google Classroom, developed by Google for students, has also witnessed usage at a massive scale.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
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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The Zacks Analyst Blog Highlights: Microsoft, Alibaba, Amazon.com and Alphabet
For Immediate Release
Chicago, IL – April 13, 2020 – 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: Microsoft Corp. (MSFT - Free Report) , Alibaba Group Holding Ltd’s (BABA - Free Report) , Amazon.com, Inc. (AMZN - Free Report) and Alphabet Inc. (GOOGL - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
4 Cloud Computing Stocks to Beat Coronavirus Blues
The rapidly growing number of cases of coronavirus-infected patients across the globe has roiled the equity market. Schools and colleges are closed, with people working remotely since maintaining stringent social distancing measures is most crucial in preventing community transmission of the virus.
Thus, to stay connected, people are now relying heavily on the Internet, which has brightened prospects for cloud players.
Social Distancing
In view of the outbreak, which has been classified as a pandemic by the World Health Organization, governments are imposing strict social distancing measures.
Notably, since the virus was first detected in China late last year, the total number of infected people across the world has increased to 1,484,811, as of Apr 8, per compiled data of Johns Hopkins University. In fact, the virus has already spread across 184 countries, claiming more than 88,000 lives, the compiled data suggests. On the bright side, the data shows recovery of 329,876 people.
Pandemic Boosts Cloud Computing Demand
Thus, in the battle against the pandemic, when mass gatherings are strictly restricted and people are being increasingly told to work from home, cloud computing companies have come to the rescue. Amid strict lockdown measures, there has been heightened demand for online classes, video conferencing, gaming, e-commerce shopping and remote project collaboration. Luckily in today’s world, such services are easily available.
Moreover, to deal with the outbreak, big-data has become one of the biggest assets for the healthcare industry. Thus, storing and managing this enormous amount of data are of utmost importance, where cloud computing firms are emerging as a key player.
Stocks to Gain
We are presenting one stock with a Zacks Rank #2 (Buy) and three with a Zacks Rank #3 (Hold) that are well-positioned to gain amid the current scenario. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Headquartered in Redmond, WA, Microsoft Corp., has been witnessing a considerable jump in Teams usage. In a single week, millions of daily users have spent calling and meeting minutes on the platform, thanks to the lockdown measures. The #3 Ranked company also announced that in March, the usage of Skype surged 70% with roughly 40 million people using the platform on a daily basis.
Based in Hangzhou, the People's Republic of China, Alibaba Group Holding Ltd’s cloud business unitis willing to help medical professionals across the world in their research for coronavirus treatment. Since the need for China’s doctors to share information and knowledge related to the virus with the rest of the world is of paramount importance, the #2 Ranked company is planning to help them with the creation of a virtual community.
Amazon.com, Inc., headquartered in Seattle, WA, provides reliable and cost-effective cloud computing services through Amazon Web Services (“AWS”). Notably, people are using AWS-hosted cloud software at a massive scale since they are working from home. The stock currently carries a Zacks Rank #3.
Headquartered in Mountain View, CA, Alphabet Inc.’s Google Cloud has seen a jump in its remote data storage and processing services. Google Hangouts Meet, which is the video conferencing and collaboration tool of the #3 Ranked company, has been witnessing a spike in daily usage. Google Classroom, developed by Google for students, has also witnessed usage at a massive scale.
Biggest Tech Breakthrough in a Generation
Be among the early investors in the new type of device that experts say could impact society as much as the discovery of electricity. Current technology will soon be outdated and replaced by these new devices. In the process, it’s expected to create 22 million jobs and generate $12.3 trillion in activity.
A select few stocks could skyrocket the most as rollout accelerates for this new tech. Early investors could see gains similar to buying Microsoft in the 1990s. Zacks’ just-released special report reveals 8 stocks to watch. The report is only available for a limited time.
See 8 breakthrough stocks now>>
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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.