For Immediate Release
Chicago, IL – June 21, 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: Abbott Laboratories (
ABT Quick Quote ABT - Free Report) , Bank of America Corporation ( BAC Quick Quote BAC - Free Report) , PayPal Holdings, Inc. ( PYPL Quick Quote PYPL - Free Report) , The Procter & Gamble Company ( PG Quick Quote PG - Free Report) and The Boeing Company ( BA Quick Quote BA - Free Report) . Here are highlights from Friday’s Analyst Blog: Top Research Reports for Abbott, Bank of America and PayPal
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 Abbott Laboratories, Bank of America, and PayPal Holdings. 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 >>>
Abbott have underperformed the Zacks Medical Products industry in the year-to-date period (+1.8% vs. +3.8%). The Zacks analyst believes that the branded generics and international diabetes businesses should drive growth in the coming quarters. Further, new product launches and acquisitions are likely to boost Abbott's sales further.
The company posted robust year-over-year improvements in the first quarter. It registered organic sales growth across most operating segments. Further, Diabetes Care sales were strong on the back of solid worldwide adoption of FreeStyle Libre. However, the company's disappointing performance in the Pediatric Nutrition unit remains a major concern.
) read the full research report on Abbott here >>> Bank of America shares have gained +31.4% over the last six months against the Zacks Major Regional Banks industry's gain of +27.9%. The Zacks analyst believes that opening of new branches, enhanced digital offerings, strategic acquisitions and efforts to manage expenses will continue to support the company's profitability in the near term.
Moreover, a strong balance sheet and liquidity position are expected to continue aiding financials. However, lower interest rates and the Federal Reserve signaling no near-term chance of change in the same are expected to keep hurting the bank's margins and interest income.
) read the full research report on Bank of America here >>>
PayPal have gained +14.7% in the past three months against the Zacks Internet Software industry's gain of +1%. The Zacks analyst believes that PayPal is benefiting from robust growth in total payments volume on the back of increasing net new active accounts. Moreover, strengthening customer engagement on the company's platform is another positive.
Solid momentum of core peer to peer and PayPal Checkout experiences is a tailwind. Also, accelerating transaction revenues of PayPal are likely to continue driving revenues. However, increasing credit loss reserves due to macroeconomic projections on account of the ongoing pandemic remains a matter of concern.
) read the full research report on PayPal here >>>
Other noteworthy reports we are featuring today include The Procter & Gamble Co. and Boeing.
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