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The Zacks Analyst Blog Highlights: BAC, INTC, GS, BA and ADP
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For Immediate Release
Chicago, IL – July 31, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Bank of America Corp. (BAC - Free Report) , Intel Corp. (INTC - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) , Boeing Company (BA - Free Report) and Automatic Data Processing, Inc (ADP - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Bank of America, Intel and Goldman Sachs
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 Bank of America Corp., Intel Corp. and The Goldman Sachs Group, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Bank of America have lost -18.7% over the past one-year period against the Zacks Banks - Major Regional industry’s fall of -24.3%. The Zacks analyst believes that a strong balance sheet and liquidity position are expected to support the company's financials amid economic slowdown. In fact, its second-quarter 2020 results showed impressive capital markets performance, partially offset by reserve builds and lower rates.
However, near-zero interest rates are expected to hurt the bank’s margins and interest income. Also, coronavirus-induced concerns will likely continue to hamper business activities. Thus, loan growth is expected to be muted.
Intel shares have declined -5.2% over the past one-year period, in contrast the Zacks Semiconductor - General industry soared +36.0%. The Zacks analyst believes that declining PC total addressable market, and production delays pertaining to 7 nm ramp up remain concerns. Also, coronavirus crisis-led weakness in retail, vision, automotive and industrial end markets is a headwind.
However, solid uptake of 5G networking solutions, higher Wi-Fi and modem sales and solid notebook demand, improvement in NAND pricing trends that led to higher ASPs, and Optane bit growth, remain tailwinds.
Goldman Sachs shares have gained +12.3% over the past three months against the Zacks Financial - Investment Bank industry’s rise of +14.6%. The Zacks analyst believes that the company’s second-quarter 2020 results reflected higher revenues, solid capital position, along with elevated expenses and provisions. Goldman’s solid position in worldwide announced and completed M&As will keep strengthening the business. Also, business diversification and cost management are tailwinds. Moreover, with strong liquidity, the company carries a low credit risk.
Yet, legal issues remain a headwind. In addition, high dependence on overseas revenues and volatile client-activity might impede Goldman's top-line growth.
Other noteworthy reports we are featuring today include The Boeing Company and Automatic Data Processing, Inc.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: BAC, INTC, GS, BA and ADP
For Immediate Release
Chicago, IL – July 31, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Bank of America Corp. (BAC - Free Report) , Intel Corp. (INTC - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) , Boeing Company (BA - Free Report) and Automatic Data Processing, Inc (ADP - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Bank of America, Intel and Goldman Sachs
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 Bank of America Corp., Intel Corp. and The Goldman Sachs Group, Inc. 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 Bank of America have lost -18.7% over the past one-year period against the Zacks Banks - Major Regional industry’s fall of -24.3%. The Zacks analyst believes that a strong balance sheet and liquidity position are expected to support the company's financials amid economic slowdown. In fact, its second-quarter 2020 results showed impressive capital markets performance, partially offset by reserve builds and lower rates.
However, near-zero interest rates are expected to hurt the bank’s margins and interest income. Also, coronavirus-induced concerns will likely continue to hamper business activities. Thus, loan growth is expected to be muted.
(You can read the full research report on Bank of America here >>>)
Intel shares have declined -5.2% over the past one-year period, in contrast the Zacks Semiconductor - General industry soared +36.0%. The Zacks analyst believes that declining PC total addressable market, and production delays pertaining to 7 nm ramp up remain concerns. Also, coronavirus crisis-led weakness in retail, vision, automotive and industrial end markets is a headwind.
However, solid uptake of 5G networking solutions, higher Wi-Fi and modem sales and solid notebook demand, improvement in NAND pricing trends that led to higher ASPs, and Optane bit growth, remain tailwinds.
(You can read the full research report on Intel here >>>)
Goldman Sachs shares have gained +12.3% over the past three months against the Zacks Financial - Investment Bank industry’s rise of +14.6%. The Zacks analyst believes that the company’s second-quarter 2020 results reflected higher revenues, solid capital position, along with elevated expenses and provisions. Goldman’s solid position in worldwide announced and completed M&As will keep strengthening the business. Also, business diversification and cost management are tailwinds. Moreover, with strong liquidity, the company carries a low credit risk.
Yet, legal issues remain a headwind. In addition, high dependence on overseas revenues and volatile client-activity might impede Goldman's top-line growth.
(You can read the full research report on Goldman Sachs here >>>)
Other noteworthy reports we are featuring today include The Boeing Company and Automatic Data Processing, Inc.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.