Back to top

Research Daily

Wednesday, October 30, 2019

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, Inc. (AMZN), The Boeing Company (BA) and Micron Technology, Inc. (MU). 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 >>>

Amazon’s shares have underperformed the Zacks Internet - Commerce industry on a year to date basis (+17.7% vs. +18.9%). The Zacks analyst believes that rising transportation cost related to its free one-day shipping service remains an overhang and is likely to escalate further. Amazon also expects foreign exchange headwinds to continue impacting the top line.

However, the company did benefit from solid Prime momentum owing to robust grocery services and strong content portfolio. Moreover, Prime Free One Day service helped Amazon in gaining traction across customers. Improving Alexa skills and features remain a major positive, while expanding smart home products offerings remain tailwinds.

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

Boeing’s shares have underperformed the Zacks Aerospace - Defense industry so far this year (+8.0% vs. +21.3%). The Zacks analyst believes that Boeing’s commercial business has suffering due to lower 737 deliveries, following 737 Max product line's grounding and subsequent costs associated with it. Consequently, its revenues, earnings and cash flow position were affected significantly.

However, Boeing still remains the largest aircraft manufacturer globally in terms of revenues, orders and deliveries, and one of the major aerospace and defense contractors. Its proposed joint venture with Embraer is expected to strengthen its commercial business significantly.

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

Micron’s shares have underperformed the Zacks Semiconductor Memory industry on a year to date basis (+50.6% vs. +51.6%). The Zacks analyst believes that higher mix of NAND, which has lower gross margin, falling memory prices and a slow decline in manufacturing cost, is likely to keep Micron’s margins under pressure.

But, Micron is still well-poised to benefit from the resurgence in DRAM demand, backed by a progress in customer inventory adjustments in the cloud, graphics and the PC markets. Moreover, its focus on increasing the mix of high-value solutions in its portfolio is a boon.

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

Other noteworthy reports we are featuring today include National Oilwell Varco, Inc. (NOV), Cooper Tire & Rubber Company (CTB) and Kohl's Corporation (KSS).

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

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>>>

Featured Reports

New Upgrades

New Downgrades