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The Zacks Analyst Blog Highlights: NVIDIA, Booking Holdings, Altria Group, Moderna and Phillips 66

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For Immediate Release

Chicago, IL – April 29, 2021 – 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: NVIDIA Corporation (NVDA - Free Report) , Booking Holdings Inc. (BKNG - Free Report) , Altria Group, Inc. (MO - Free Report) , Moderna, Inc. (MRNA - Free Report) and Phillips 66 (PSX - Free Report) .

Here are highlights from Wednesday’s Analyst Blog:

Top Analyst Reports for NVIDIA, Booking Holdings and Altria

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 NVIDIA, Booking Holdings, and Altria Group. 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 NVIDIA have outperformed the Zacks General Semiconductor in the last one-year period (+105.1% vs. +46.4%). The Zacks analyst believes that NVIDIA is benefiting from the coronavirus-induced work-from-home and learn-at-home wave.

It is also benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Moreover, a surge in Hyperscale demand remains a tailwind for the company's Data Center business.

Additionally, collaboration with Daimler-owned Mercedes-Benz is expected to further strengthen NVIDIA's presence in the autonomous vehicles and other automotive electronics space. However, management expects COVID-19 pandemic to negatively impact near-term revenues.

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

Booking Holdings' shares have gained +28% over the last three months against the Zacks Internet Commerce industry's loss of -12.9%. The Zacks analyst believes that Booking Holdings is benefiting from improving bookings. The re-opening of the economy is contributing well to the company's bookings.

Additionally, its expanding payment platform is acting as a tailwind. The company remains optimistic about its highly variable cost structure and strong liquidity position, which are expected to help it in navigating through the current crisis scenario.

Further, growing alternative accommodation business and strengthening flight capabilities are other positives. However, disruptions in the travel industry caused by coronavirus remain major headwinds. Furthermore, continued sluggishness in the company's agency business remains an overhang.

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

Shares of Altria have gained +28.3% in the past six months against the Zacks Tobacco industry's gain of +27.7%. The Zacks analyst believes that the company is gaining from its pricing strategy, which boosted revenues and adjusted operating companies income (OCI) in the fourth-quarter 2020.

Altria continues to see strength in the oral tobacco products unit, which is poised to gain from expansions in IQOS and on! However, earnings remained soft in the quarter as margins were offset by high corporate as well as financing costs.

This apart, the company's wine business is likely to remain under pressure amid the pandemic. Management said that it expects 2021 cigarette industry volumes to be impacted by factors like adult smokers, unemployment rates and stay-at-home trends.

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

Other noteworthy reports we are featuring today include Moderna and Phillips 66.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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