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Research Daily

Mark Vickery

Top Stock Reports for Coca-Cola, Shopify & Advanced Micro Devices


Trades from $3

Wednesday, December 1, 2021

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 The Coca-Cola Company (KO), Shopify Inc. (SHOP), and Advanced Micro Devices, Inc. (AMD). 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 Coca-Cola have outperformed the Zacks Soft Drinks industry over the past year (+5.2% vs. +2.9%). The Zacks analyst believes that Coca-Cola has been benefiting from the ongoing recovery in markets that has also led to the reopening of away-from-home channel.

Coca-Cola continued its robust earnings surprise trend in third-quarter 2021, marking its eighth straight quarter of earnings beat and third consecutive sales beat. KO’s strategic transformation as well as revival across markets supported gains in the quarter. Driven by the momentum in its business, it lifted its 2021 view. Coca-Cola, however, continues to witness higher supply chain costs, including higher commodity input costs and transportation expenses.

(You can read the full research report on Coca-Cola here >>>)

Shopify shares have gained +25.5% in the past six months against the Zacks Internet Services industry’s gain of +9.3%. The Zacks analyst believes that SHOP has been benefiting from the e-commerce boom induced growth in the merchant base.

Robust uptick in Shopify Shipping, Shopify Payments and Shopify Capital has been driving the top line. Solid adoption of new merchant-friendly applications also holds promise. Partnerships with Facebook and Google are expected to further expand its merchant base. Higher investments on product development and fulfillment platform amid stiff competition in the e-commerce space are likely to weigh on its margin expansion though.

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

Shares of Advanced Micro Devices have gained +45.8% in the last three months against the Zacks General Semiconductor industry’s gain of +17.7%. The Zacks analyst believes that AMD is well-poised to benefit from strong demand for its x86-based microprocessors, semi-custom chips, embedded processors, as well as GPUs.

Advanced Micro Devices is also benefiting from strong sales of its Ryzen and EPYC server processors as well as the growing clout of 7 nanometer products in the data center vertical, driven by work-from-home and online learning trends. Increasing investments on product development and stiff competition from NVIDIA and Intel is a concern though.

(You can read the full research report on Advanced Micro Devices here >>>)

Other noteworthy reports we are featuring today include T-Mobile US, Inc. (TMUS), CVS Health Corp. (CVS) and HSBC Holdings plc (HSBC).

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>>>

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