Tuesday, June 30, 2026

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 Microsoft Corp. (MSFT), Exxon Mobil Corp. (XOM) and Dell Technologies Inc. (DELL), as well as a micro-cap stock BK Technologies Corp. (BKTI). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.

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 >>>

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You can read today's AWS here >>> Pre-Markets Dip into Red, Jobs & Housing Data Today

Today's Featured Research Reports

Shares of Microsoft have declined -23.7% over the past year against the Zacks Computer - Software industry’s decline of -28.5%. The company capitalizes on AI business momentum and Copilot adoption alongside accelerating Azure cloud infrastructure expansion. Strong Microsoft 365 Commercial cloud demand has been propelling Productivity and Business Processes revenue growth. 

ARPU is increasing through E5 and M365 Copilot uptake across key segments. Strategic execution through expanding scale and enterprise customer growth is driving non-AI services. Azure growth guidance projects Q4 growth of 39-40% at cc, suggesting demand saturation, with customer demand exceeding available capacity. 

Customer concentration risk remains tied to large OpenAI-related Azure commitments. Microsoft confronts intense competition from AWS and Google Cloud and escalating regulatory scrutiny. Capacity constraints persisting through fiscal year-end limit revenue potential despite unprecedented spending.

(You can read the full research report on Microsoft here >>>)

Exxon Mobil's shares have outperformed the Zacks Oil and Gas - Integrated - International industry over the past year (+28.1% vs. +27.6%). The company has a massive footprint in the Permian, the most prolific oil and gas play in the United States, and offshore Guyana. In the Permian, the integrated giant has been employing lightweight proppant technology and hence is capable of boosting its well recoveries by up to as much as 20%. 

Exxon also has a strong balance sheet, on which it could rely during an unfavorable business environment. Moreover, over the past 43 years, the company has been rewarding shareholders with annual dividend hikes at an average rate of 5.8%. 

At the same time, Exxon Mobil is investing in newer businesses such as low-carbon energy, lithium and carbon capture. While these initiatives could become meaningful growth drivers over time, they remain in the early stages, making the timing and scale of their future earnings contribution uncertain.

(You can read the full research report on Exxon Mobil here >>>)

Shares of Dell have outperformed the Zacks Computer - Micro Computers industry over the past year (+256.5% vs. +41.2%). The company is seeing demand for AI servers stay ahead of supply as customers accelerate deployments and lock in capacity. In first quarter fiscal 2027, the company booked $24.4 billion of AI orders, delivered $16.1 billion of AI server revenue, and ended with a $51.3 billion AI backlog. 

Management raised fiscal 2027 revenue guidance to $165-$169 billion and lifted expected AI server revenue to about $60 billion. ISG profitability improved year over year, and traditional servers, storage and commercial PCs are expanding, supporting cash flow and continued buybacks and dividends. 

DELL’s core leverage ratio was 1.2x exiting the quarter, but the balance sheet remains geared. However, unfavorable AI mix and memory constraints continues to keep gross margin under pressure. Competitive pricing, and unfavorable forex are other headwinds.

(You can read the full research report on Dell here >>>)

BK Technologies’ shares have outperformed the Zacks Wireless Equipment industry over the past year (+79.7% vs. +45.6%). This microcap company with a market capitalization of $318.22 million has its investment thesis centered on expanding share in Tier 2/3 public safety markets through its growing multiband radio portfolio, led by the BKR 9000 and upcoming BKR 9500, alongside the BK ONE software platform. 

Revenue, margins and cash flow continue to improve, supported by a favorable product mix, recurring replacement cycles and a debt-free balance sheet. The key opportunity is capturing agencies upgrading legacy systems while seeking cost-effective interoperable solutions. 

However, risks include limited BK ONE monetization visibility, customer concentration, backlog contraction, BKR9500 certification and launch timing, rising product development costs, competitive pricing pressure and margin sustainability. The valuation suggests investors are paying a reasonable price relative to peers, leaving scope for upside if BKTI successfully executes its growth strategy.

(You can read the full research report on BK Technologies here >>>)

Other noteworthy reports we are featuring today include Live Nation Entertainment, Inc. (LYV), Atmos Energy Corp. (ATO) and AvalonBay Communities, Inc. (AVB).

Mark Vickery
Senior Editor

Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>