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The Zacks Analyst Blog Highlights: Apple, Home Depot, Deere, Google and HSBC Holdings
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For Immediate Release
Chicago, IL – August 24, 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 Home Depot, Inc. (HD - Free Report) , Deere & Company (DE - Free Report) , Alphabet Inc. (GOOGL - Free Report) and HSBC Holdings plc (HSBC - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Apple, Home Depot and Deere
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, The Home Depot, and Deere & Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Apple have underperformed the S&P 500 over the past year (+19.3% vs. +32.8%), but things seem to be improving for the company lately. The Zacks analyst believes that Apple has been benefiting from momentum in the Services business, strong adoption of Apple Pay and growing Apple Music subscriber base.
Apple's third-quarter fiscal 2021 results reflected continued momentum in the Services segment. iPhone, iPad, Mac and Wearables contributed strongly to the quarterly results. Management expects revenues to grow double digits year over year in the September quarter, but to be lower than June quarter's revenue growth rate. This is due to foreign exchange woes as well as supply constraints.
The Home Depot shares have gained +28.1% over the last six months against the Zacks Retail Building Products industry's gain of +23.9%. The Zacks analyst believes that Home Depot has been benefiting from the execution of its One Home Depot plan, which focuses on expanding supply chain, technology investments and digital enhancements.
It is also gaining from growth in Pro and DIY customer categories. The company posted a fifth straight quarter of earnings and sales beat in second-quarter fiscal 2021. It, however, witnessed year-over-year moderation in its comparable store sales growth in the quarter. Soft gross margin on the back of increased penetration of lumber, is another concern for the company.
Shares of Deere have gained +35.1% in the year to date period against the Zacks Farm Equipment industry's gain of +27.6%. The Zacks analyst believes that strong demand trends in agricultural and construction sectors, acquisitions, and margin improvement plan will fuel Deere's growth.
The ongoing rally in commodity prices is likely to boost demand for agricultural equipment. The company is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products as well as its efforts to expand into precision agriculture is likely to propel growth in the long term.
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: Apple, Home Depot, Deere, Google and HSBC Holdings
For Immediate Release
Chicago, IL – August 24, 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 Home Depot, Inc. (HD - Free Report) , Deere & Company (DE - Free Report) , Alphabet Inc. (GOOGL - Free Report) and HSBC Holdings plc (HSBC - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Apple, Home Depot and Deere
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, The Home Depot, and Deere & Co. 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 Apple have underperformed the S&P 500 over the past year (+19.3% vs. +32.8%), but things seem to be improving for the company lately. The Zacks analyst believes that Apple has been benefiting from momentum in the Services business, strong adoption of Apple Pay and growing Apple Music subscriber base.
Apple's third-quarter fiscal 2021 results reflected continued momentum in the Services segment. iPhone, iPad, Mac and Wearables contributed strongly to the quarterly results. Management expects revenues to grow double digits year over year in the September quarter, but to be lower than June quarter's revenue growth rate. This is due to foreign exchange woes as well as supply constraints.
(You can read the full research report on Apple here >>>)
The Home Depot shares have gained +28.1% over the last six months against the Zacks Retail Building Products industry's gain of +23.9%. The Zacks analyst believes that Home Depot has been benefiting from the execution of its One Home Depot plan, which focuses on expanding supply chain, technology investments and digital enhancements.
It is also gaining from growth in Pro and DIY customer categories. The company posted a fifth straight quarter of earnings and sales beat in second-quarter fiscal 2021. It, however, witnessed year-over-year moderation in its comparable store sales growth in the quarter. Soft gross margin on the back of increased penetration of lumber, is another concern for the company.
(You can read the full research report on The Home Depot here >>>)
Shares of Deere have gained +35.1% in the year to date period against the Zacks Farm Equipment industry's gain of +27.6%. The Zacks analyst believes that strong demand trends in agricultural and construction sectors, acquisitions, and margin improvement plan will fuel Deere's growth.
The ongoing rally in commodity prices is likely to boost demand for agricultural equipment. The company is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products as well as its efforts to expand into precision agriculture is likely to propel growth in the long term.
(You can read the full research report on Deere here >>>)
Other noteworthy reports we are featuring today include Alphabet and HSBC Holdings.
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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.