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The Zacks Analyst Blog Highlights: Apple, Goldman Sachs, Applied Materials, Snap and The Travelers Companies

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For Immediate Release

Chicago, IL – May 26, 2021 – 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: Apple Inc. (AAPL - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) , Applied Materials, Inc. (AMAT - Free Report) , Snap Inc. (SNAP - Free Report) and The Travelers Companies, Inc. (TRV - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:

Top Research Reports for Apple, Goldman Sachs and Applied Materials

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 Apple, Goldman Sachs, and Applied Materials. 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 >>>

Apple shares have lagged the market this year, with the stock down -4.4% this year vs. the +12.4% gain for the S&P 500 index. Driving this underperformance is the sentiment shift away from the large-cap Tech stocks and rotation into cyclical and 'value'-oriented stocks. That said, Apple's second-quarter fiscal 2021 results did reflect continued momentum in the Services segment, driven by a robust performance of App Store, Cloud Services, Music, advertising and AppleCare.

Moreover, iPad, Mac and Wearables contributed strongly to the quarterly results. Further, iPhone sales increased due to strong demand for iPhone 12 devices. China and Japan iPhone sales increased significantly.

The Zacks analyst believes that Apple's near-term prospects are bright, driven by new iPhones that support 5G, revamped iPad and Mac line-up of devices, health-focused Apple Watch and robust growth in the Services business. However, increasing scrutiny and legal woes over App Store is a headwind.

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

Shares of Goldman Sachs have gained +55.7% in the last six months against the Zacks Financial - Investment Bank industry's gain of +45.4%. In fact, the company has an impressive earnings surprise history, having outpaced the Zacks Consensus Estimate in each the trailing four quarters.

The Zacks analyst believes that the company's first-quarter 2021 results benefited from robust capital markets performance and reserve release. Goldman's solid position in announced and completed M&As across the world will keep strengthening the business. Also, business diversification, including digital platforms, helps sustain growth. Efforts to expand consumer lending business are encouraging. Steady capital deployment activities remain a tailwind.

With a strong liquidity position, it remains less exposed to credit risk in case of any economic downturn. However, legal issues, high dependence on overseas revenues and volatile client-activity might impede top-line growth.

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

Shares of Applied Materials have outperformed the Zacks Semiconductor Equipment - Wafer Fabrication industry in the last one-year period (+144.0% vs. +119.0%). The Zacks analyst believes that Applied Materials is driven by strong momentum across Semiconductor Systems and Applied Global Services. Further, solid demand for silicon in several applications across various markets remains a tailwind. Additionally, growing momentum among long-term service agreements is contributing well.

Furthermore, increased customer spending in foundry and logic on the back of rising need for specialty nodes in automotive, power, 5G rollout, IoT, communications and image sensor markets, is a major positive. Also, strong momentum in conductor etches is benefiting the company's position in DRAM and NAND. However, market uncertainties continue to persist. Further, mounting expenses are concerns. Also, rising competition poses risk to the company's market position.

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

Other noteworthy reports we are featuring today include Snap and The Travelers Companies.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the "Internet of Money" and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we're still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks' has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

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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.

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