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The Zacks Analyst Blog Highlights: AT&T, Walmart, Cisco Systems, IBM and Micron Tech

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For Immediate Release

Chicago, IL – June 22, 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: AT&T Inc. (T - Free Report) , Walmart Inc. (WMT - Free Report) , Cisco Systems, Inc. (CSCO - Free Report) , International Business Machines Corporation (IBM - Free Report) and Micron Technology, Inc. (MU - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Analyst Reports for AT&T, Walmart and Cisco

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 AT&T, Walmart and Cisco Systems. 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 AT&T have outperformed the Zacks Wireless National industry in the year-to-date period (+3.8% vs. +2.4%). AT&T aims to spin off its media assets and merge them with the complementary assets of Discovery. The Zacks analyst believes that this transaction will allow the company to focus on core operations, reduce huge debt burden as well as unlock value by monetizing assets.

The company seeks to add significant customer value and generate healthy ROI across the business after this transaction. Further, AT&T has unveiled a comprehensive 5G strategy and reaffirmed its guidance for 2021. However, the company is facing a steady decline in linear TV subscribers, legacy services and wireline division.

(You can read the full research report on AT&T here >>>)

Walmart shares have lost -4.7% over the last six months against the Zacks Supermarkets industry’s loss of -4.1%. The Zacks analyst believes that the company has been gaining from rising demand for essentials amid the pandemic. Further, stay-at-home trends are also boosting e-commerce sales.

With curbs being lifted, the company’s U.S. store environment appears to be in good shape, while e-commerce also remains on the growth trajectory. However, the second-quarter earnings view indicates a decline, due to divestitures related to the International unit. Additionally, management expects supply-chain hiccups and wage cost inflation.

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

Shares of Cisco have gained +6.7% in the past three months against the Zacks Computer Networking industry’s gain of +3.5%. The Zacks analyst believes that the company is benefiting from robust adoption of identity and access, advanced threat and unified threat management security solutions amid high growth in Internet traffic.

Ongoing momentum in Webex video conferencing and business productivity offerings on account of the current work-from-home demand environment remains noteworthy. Moreover, strong demand for Catalyst 9000 family of switches holds promise.

However, the pandemic-led supply chain constraints are likely to weigh on the performance in the near term. Further, weak demand for servers is another major concern for the company.

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

Other noteworthy reports we are featuring today include IBM and Micron Technology.

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Zacks Investment Research

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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 for information about the performance numbers displayed in this press release.

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