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The Zacks Analyst Blog Highlights: Tesla, Home Depot, Netflix, McDonald's and Bristol-Myers Squibb
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For Immediate Release
Chicago, IL – December 21, 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: Tesla, Inc. (TSLA - Free Report) , The Home Depot, Inc. (HD - Free Report) , Netflix, Inc. (NFLX - Free Report) , McDonald's Corporation (MCD - Free Report) and Bristol-Myers Squibb Company (BMY - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Tesla, Home Depot and Netflix
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 Tesla, Home Depot and Netflix. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Tesla shares have vastly outperformed the Zacks Domestic Automotive industry in the year to date period (+683.9% vs. +244.6%). The Zacks analyst believes that the company has a first-mover advantage in the e-mobility space with high range vehicles, superior technology, and software edge.
Robust Model 3 demand, ramp up of Model Y production, Shanghai Gigafactory prospects, amazing line-up of upcoming products and aggressive expansion efforts bode well for the firm. However, high R&D, SG&A costs and massive capex may clip the margins.
Tesla is investing heavily to boost production capacity and build gigafactories in Berlin and Austin, which are likely to strain its near-term prospects. Waning margins for Model S/X and lofty valuation of the firm are other concerns. Thus, investors are recommended to wait for a better entry point.
Shares of Home Depot have gained +24.4% over the past year against the Zacks Retail Building Products industry’s gain of +27.9%. The Zacks analyst believes that it is effectively adapting to the high-demand environment, driven by investments in its business over the years.
The company’s interconnected retail strategy and underlying technology infrastructure have helped boost web traffic in the past six months. During the third-quarter fiscal 2020, the company witnessed continued strong demand for home improvement projects as customers spent more time at home during the coronavirus pandemic.
It also gained from strong growth in its Pro and DIY customer categories. Notably, DIY sales outpaced Pro sales growth in the fiscal third quarter owing to rise in home improvement projects. However, it incurred additional costs related to the coronavirus pandemic. Also, soft margins partly hurt results.
Netflix’s shares have gained +17.4% over the past six months against the Zacks Broadcast Radio and Television industry’s rise of +23%. The Zacks analyst believes that the absence of a new season of the popular show Stranger Things is likely to affect subscriber growth in the fourth quarter of 2020.
Additionally, rising competition from Apple, Amazon prime video, HBO Max, Disney+, Peacock and TikTok is a headwind. Netflix’s leveraged balance sheet and higher streaming obligation is a concern. However, Netflix is dominating the streaming space, courtesy of its diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content.
Higher number of originals is expected to aid user base growth in 2021. Moreover, the launch of low-priced mobile plans in India, Indonesia, Malaysia, Philippines and Thailand is expanding Netflix’s subscriber base in Asia Pacific.
Other noteworthy reports we are featuring today include McDonald's and Bristol-Myers Squibb.
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.
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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Tesla, Home Depot, Netflix, McDonald's and Bristol-Myers Squibb
For Immediate Release
Chicago, IL – December 21, 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: Tesla, Inc. (TSLA - Free Report) , The Home Depot, Inc. (HD - Free Report) , Netflix, Inc. (NFLX - Free Report) , McDonald's Corporation (MCD - Free Report) and Bristol-Myers Squibb Company (BMY - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Tesla, Home Depot and Netflix
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 Tesla, Home Depot and Netflix. 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 >>>
Tesla shares have vastly outperformed the Zacks Domestic Automotive industry in the year to date period (+683.9% vs. +244.6%). The Zacks analyst believes that the company has a first-mover advantage in the e-mobility space with high range vehicles, superior technology, and software edge.
Robust Model 3 demand, ramp up of Model Y production, Shanghai Gigafactory prospects, amazing line-up of upcoming products and aggressive expansion efforts bode well for the firm. However, high R&D, SG&A costs and massive capex may clip the margins.
Tesla is investing heavily to boost production capacity and build gigafactories in Berlin and Austin, which are likely to strain its near-term prospects. Waning margins for Model S/X and lofty valuation of the firm are other concerns. Thus, investors are recommended to wait for a better entry point.
(You can read the full research report on Tesla here >>>)
Shares of Home Depot have gained +24.4% over the past year against the Zacks Retail Building Products industry’s gain of +27.9%. The Zacks analyst believes that it is effectively adapting to the high-demand environment, driven by investments in its business over the years.
The company’s interconnected retail strategy and underlying technology infrastructure have helped boost web traffic in the past six months. During the third-quarter fiscal 2020, the company witnessed continued strong demand for home improvement projects as customers spent more time at home during the coronavirus pandemic.
It also gained from strong growth in its Pro and DIY customer categories. Notably, DIY sales outpaced Pro sales growth in the fiscal third quarter owing to rise in home improvement projects. However, it incurred additional costs related to the coronavirus pandemic. Also, soft margins partly hurt results.
(You can read the full research report on Home Depot here >>>)
Netflix’s shares have gained +17.4% over the past six months against the Zacks Broadcast Radio and Television industry’s rise of +23%. The Zacks analyst believes that the absence of a new season of the popular show Stranger Things is likely to affect subscriber growth in the fourth quarter of 2020.
Additionally, rising competition from Apple, Amazon prime video, HBO Max, Disney+, Peacock and TikTok is a headwind. Netflix’s leveraged balance sheet and higher streaming obligation is a concern. However, Netflix is dominating the streaming space, courtesy of its diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content.
Higher number of originals is expected to aid user base growth in 2021. Moreover, the launch of low-priced mobile plans in India, Indonesia, Malaysia, Philippines and Thailand is expanding Netflix’s subscriber base in Asia Pacific.
(You can read the full research report on Netflix here >>>)
Other noteworthy reports we are featuring today include McDonald's and Bristol-Myers Squibb.
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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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.