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The Zacks Analyst Blog Highlights: Amazon, Google, Zoom Video, Automatic Data Processing and Moderna

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For Immediate Release

Chicago, IL – December 1, 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: Amazon.com, Inc. (AMZN - Free Report) , Alphabet Inc. (GOOGL - Free Report) , Zoom Video Communications, Inc. (ZM - Free Report) , Automatic Data Processing, Inc. (ADP - Free Report) and Moderna, Inc. (MRNA - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Research Reports for Amazon, Alphabet and Zoom Video

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 Amazon, Alphabet and Zoom Video. 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 was a standout performer even before the pandemic, but the stock has really thrived in the Covid-19 driven locked down environment that significantly accelerated the shift to digital sales. The stock's +70% gain in the year-to-date period aptly describes this backdrop. Additionally, solid Prime momentum owing to ultrafast delivery services and expanding content portfolio remained tailwind. Further, strengthening AWS services and its growing adoption rate contributed well.

However, accelerating coronavirus related expenses remain major concerns. Also, foreign exchange headwinds and rising cloud competition are risks.

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

Alphabet shares have gained +38.7% over the past one-year period vs. +13% gain for the S&P 500 index, reflecting continued momentum search, cloud and YouTube businesses. The company’s strengthening cloud unit aided substantial revenue growth. Moreover, expanding data centers will continue to bolster its presence in the cloud space. Further, major updates in the search segment are enhancing the search results, which is a major positive.

However, the company’s growing litigation issues and increasing expenses might hurt profitability.

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

Zoom Video shares have outperformed the Zacks Internet - Software industry in the year-to-date period (+593.1% vs. +100.3%). The Zacks analyst believes that demand for the company’s cloud-native video-first platform is expected to remain solid owing to the work-from-home and online-learning wave.

Easy to deploy, use, manage and scalability makes Zoom Video’s software popular among its customers. Expanding clientele is expected to drive top-line growth momentum in the near term. Moreover, the company’s expanding international presence is a key catalyst.

However, acute competition from the likes of Microsoft and Cisco in the video-communication space does not bode well.

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

Other noteworthy reports we are featuring today include Automatic Data Processing and Moderna.

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See Zacks' 3 Best Stocks to Play This Trend >>

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