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Research Daily

Sheraz Mian

Top Analyst Reports for Alphabet, Goldman Sachs & Anheuser-Busch

GS BX DUK BUD GOOGL PYPL

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Wednesday, August 31, 2022
 
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 Alphabet Inc. (GOOGL), The Goldman Sachs Group, Inc. (GS) and Anheuser-Busch InBev SA/NV (BUD). 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 >>>

Alphabet shares have declined -24.8% over the past year against the Zacks Internet - Services industry’s decline of -29.4%. The softening ad-spedning outlook is the primary headwind, with growing litigation issues and increasing expenses add to the list to the of concerns about the stock. Nevertheless, a strong cloud division is aiding substantial revenue growth. Moreover, expanding data centers will continue to bolster its presence in the cloud space.

Further, major updates in its search segment are enhancing the search results. Moreover, Google’s mobile search is gaining solid momentum. Also, strong focus on innovation of AI techniques and the home automation space should aid business growth in the long term.

Further, its deepening focus on the wearables category remains a tailwind. Furthermore, the company’s growing efforts to gain a foothold in the healthcare industry are other positives. Also, Alphabet’s expanding presence in the autonomous driving space is contributing well.

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

Goldman Sachs shares have declined -11.8% over the year-to-date basis against the Zacks Financial - Investment Bank industry’s decline of -13.4%. The weakening outlook for the company’s investment banking busines in the current uncertain macroeconomic backdrop is the biggest cloud on Goldman's horizon, with industry-wide rising expense trends also adding to the issues.

However, the company continues to expand organically and bolster its digital consumer banking platform. Other than business diversification, robust client engagement, a solid position in announced and completed mergers and acquisitions (M&As), and a decent investment banking (IB) backlog are likely to aid in navigating weaker markets. Also, its robust liquidity position will help sustain capital deployments.

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

Anheuser-Busch shares have declined -18.0% over the year-to-date basis against the Zacks Beverages - Alcohol industry’s decline of -5.2%. The investor’s bearish sentiment can be attributed to the high costs and supply-chain headwinds, which have been hurting margins. The company’s gross and EBIT margin declined in second-quarter 2022, driven by higher cost of sales and SG&A expense. Higher SG&A expenses resulted from elevated supply-chain costs.

However, the company has posted better-than-anticipated earnings in second-quarter 2022 on the continued business momentum, due to relentless execution, investment in brands and accelerated digital transformation.

The expansion of the Beyond Beer portfolio, and investments in B2B platforms, e-commerce and digital marketing bode well. Revenues improved year over year on robust volume and revenue per hectoliter (hl) growth, as well as strength in global brands.

(You can read the full research report on Anheuser-Busch here >>>)

Other noteworthy reports we are featuring today include Blackstone Inc. (BX), PayPal Holdings, Inc. (PYPL), and Duke Energy Corporation (DUK).

Sheraz Mian
 
Director of Research

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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