Tuesday, July 28, 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 Alphabet Inc. (GOOGL), Advanced Micro Devices, Inc. (AMD) and RTX Corp. (RTX). 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 >>>

Ahead of Wall Street

The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.

You can read today's AWS here >>> Mostly Quiet Ahead of Fed Decision

Today's Featured Research Reports

Alphabet’s shares have outperformed the Zacks Internet - Services industry over the past year (+67.3% vs. +58.6%). The company’s AI-led product cycle continues to support growth across Search, Cloud and subscriptions. AI features are lifting query activity and improving ad relevance, while Cloud demand is expanding across infrastructure, models and security. 

A larger backlog improves revenue visibility, and rising adoption of Gemini broadens the company’s reach across consumers, developers and enterprises. Alphabet also retains substantial liquidity to fund infrastructure and strategic investment. These gains are offset by heavier capital needs, higher debt and near-term free cash flow strain. 

Advertising concentration leaves results exposed to budget shifts, while potential legal remedies and intense competition could alter long-term economics. The Neutral view reflects durable AI momentum balanced by execution, spending and regulatory risk. 

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

Shares of AMD have outperformed the Zacks Computer - Integrated Systems industry over the past six months (+79.7% vs. +58.4%). The company is benefiting from rising AI infrastructure deployments that lift demand for EPYC server CPUs and Instinct accelerators across cloud and enterprise customers. Data Center revenue grew 57% year over year in the first quarter of 2026, and second-quarter revenue is guided higher as supply and customer ramps broaden. 

Helios and MI450 engagements are expanding with large customers, and management continues to target scaling the data center AI business to tens of billions in annual revenue in 2027. Strong partner base that includes AWS and Oracle is a positive. 

Record quarterly free cash flow and ongoing repurchases add support, but competition from NVIDIA and Intel remains intense. Higher memory and component costs are expected to curb second-half PC and gaming demand and can pressure gross margin as MI450 ramps.

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

RTX’s shares have outperformed the Zacks Aerospace - Defense industry over the past six months (+11.2% vs. -2.3%). The company’s second-quarter 2026 earnings and revenues beat estimates. This is supported by a steady recovery in commercial aerospace, strong defense orders and a robust backlog. Rising global air traffic, higher commercial OEM and aftermarket sales and strong demand for large commercial engines should aid growth. 

RTX’s defense business remains well-positioned, backed by strong bookings from the Pentagon and foreign allies. RTX ended the second quarter of 2026 with a backlog of $289 billion. 

However, persistent supply-chain disruptions remain a concern. Aircraft engine availability issues may affect production and deliveries. Tariff-related uncertainty and expanded Russia-linked sanctions also pose risks to RTX’s operations. We have a Neutral rating on RTX shares.

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

Other noteworthy reports we are featuring today include United Rentals, Inc. (URI), Nasdaq, Inc. (NDAQ) and Ameriprise Financial, Inc. (AMP).

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>>>