Tuesday, September 2, 2025

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 NVIDIA Corp. (NVDA), Chevron Corp. (CVX) and Booking Holdings Inc. (BKNG), as well as two micro-cap stocks EVI Industries, Inc. (EVI) and AMCON Distributing Co. (DIT). 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 >>> Gearing Up for Jobs Week: What to Expect

Today's Featured Research Reports

NVIDIA’s shares have outperformed the Zacks Semiconductor - General industry over the past year (+59.2% vs. +55.3%). The company is benefiting from strong growth of artificial intelligence (AI) and high-performance accelerated computing. The growing demand for generative AI and large language models using graphic processing units (GPUs) based on NVIDIA’s Hopper and Blackwell architectures is aiding data center revenues. 

The continued ramp-up of Ada RTX GPU workstations in the ProViz end market, following the normalization of channel inventory, is acting as a tailwind. Collaborations with more than 320 automakers and tier-one suppliers are likely to advance its presence in the autonomous vehicle space. 

However, a limited supply of Blackwell GPUs may hinder its ability to meet demand. Rising costs associated with the production of more complex AI systems will hurt margins. The U.S.-China tech war and rising competition from AMD remain major concerns.

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

Shares of Chevron have outperformed the Zacks Oil and Gas - Integrated - International industry over the year-to-date period (+14.6% vs. +11.3%). The company is strengthened by its strategic acquisition of Hess, which boosts long-term production and free cash flow. 

Chevron also demonstrates strong operational performance with record production from its U.S. Permian Basin assets and significant projected growth from its GoA and Tengiz projects. A robust financial structure, a high investment-grade rating, and an attractive dividend yield further support Chevron's stability. However, several factors temper this positive outlook. Upstream earnings fell despite record production, primarily due to lower oil prices. 

Meanwhile, geopolitical complexities in international operations add a layer of risk. Furthermore, the stock's high valuation relative to its peers suggests limited near-term upside. Given these conflicting positive and negative points, a neutral stance is advised.

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

Booking’s shares have outperformed the Zacks Internet - Commerce industry over the past year (+46.6% vs. +36.6%). The company is benefiting from a favorable travel demand environment, owing to the growing demand for global leisure travel demand. Substantial improvement in its booking trends remains a major tailwind. Solid momentum in booked room nights is contributing well to the gross bookings’ growth. 

Strong growth in rental car and airline ticket units is a major positive. Strong momentum across the merchant, and advertising and other businesses are key growth drivers for BKNG. The growing alternative accommodation business and flight capabilities are tailwinds for the company. 

However, sluggishness in its agency business due to the declining trend in agency bookings is a major headwind. Rising macroeconomic and geopolitical tensions are concerning for the company’s prospects.

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

Shares of EVI Industries have outperformed the Zacks Industrial Services industry over the past year (+84.6% vs. +19%). This microcap company with a market capitalization of $353.93 million has made a recent acquisition in Girbau North America and expected to be is a pivotal growth driver, adding $75 million in revenue and $7 million in operating income in 2024. The deal strengthens EVI's OEM ties and expands its North American reach. 

EVI’s consistent growth — 31% CAGR in revenues since 2016 — reflects a disciplined buy-and-build strategy and decentralized integration model. Acquisitions like Haiges Machinery and O'Dell Equipment support Midwest expansion. EVI’s broad, recurring revenue mix, scalable infrastructure, and strong tailwinds from institutional and eco-conscious demand reinforce long-term potential. 

However, risks include cash flow volatility from rising receivables, higher SG&A undermining margins, and regulatory exposure to hazardous chemicals. EVI shares are up 70% YTD but remain undervalued, trading at 1.01X EV/sales, well below industry averages.

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

AMCON Distributing’s shares have underperformed the Zacks Retail - Supermarkets industry over the past year (-14.1% vs. +27.1%). This microcap company with a market capitalization of $77.45 million has had its earnings softened. Q3 2025 net income fell 11.5% year over year, and margins compressed due to higher costs. Operating cash flow turned negative ($12.5 million). Declining cigarette volumes offset price gains, raising concerns over long-term demand and regulatory threats to tobacco products. Despite undervaluation (0.09x EV/sales), the stock has underperformed peers. 

Nevertheless, AMCON is strengthening its competitive position through geographic expansion and strategic acquisitions. The addition of a Colorado City distribution center enhances service reach across underserved western markets, supporting national contracts and delivery efficiency. 

Acquisitions like Arrowrock, Burklund, and Richmond Master have added over $135 million in revenues YTD and broadened the customer base. A diversified product mix — over 20,000 SKUs — reduces dependence on any single category.

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

Other noteworthy reports we are featuring today include GSK plc (GSK), Energy Transfer LP (ET) and Keurig Dr Pepper Inc. (KDP).

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>>>