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The Zacks Analyst Blog Highlights: Disney, Adobe, Wells Fargo, IHS Markit and Vertex Pharma
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For Immediate Release
Chicago, IL – September 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: The Walt Disney Company (DIS - Free Report) , Adobe Inc. (ADBE - Free Report) , Wells Fargo & Co. (WFC - Free Report) , IHS Markit Ltd. and Vertex Pharmaceuticals Inc. (VRTX - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Disney, Adobe and Wells Fargo
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 Disney, Adobe, and Wells Fargo. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Disney have handily outperformed the Zacks Media industry over the past year (+44% vs. +21.9%). The Zacks analyst believes that an expanding international footprint and solid content portfolio has been boosting the Disney+ user growth.
The launch of STAR+ in Latin America is expected to boost subscriber growth further. Revival of Parks, Experiences and Products businesses also holds promise. Higher programming costs at ESPN, heavy investments in ESPN+ and Disney+, and closure of cruise business are some of the major headwinds for the company.
Adobe shares have gained +39.8% in the last six months against the Zacks Software industry’s gain of +26.9%. The Zacks analyst believes that growth in emerging markets, solid adoption of Acrobat and improving average revenue per user are key growth catalysts for the company.
The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud drove the top-line growth in the fiscal third quarter. Adobe has significant exposure to Europe and the current currency headwinds faced by American companies operating in Europe might impact the company’s fiscal 2021 results. Lower end-market demand and high acquisition expenses are other major headwinds.
Shares of Wells Fargo have gained +6.3% in the past three months against the Zacks Major Regional Banks industry’s gain of +0.8%. The Zacks analyst believes that Wells Fargo continues to benefit from strong deposit growth, sturdy capital position and improving credit quality.
Restructuring moves and cost-efficiency initiatives are likely to continue supporting the company’s revenues. Gradual economic recovery and continued government stimulus is expected to further improve the credit quality. Low interest rates and volatility in fee income are major headwinds though. Falling loans balance as well as lower mortgage servicing income are other concerns.
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: Disney, Adobe, Wells Fargo, IHS Markit and Vertex Pharma
For Immediate Release
Chicago, IL – September 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: The Walt Disney Company (DIS - Free Report) , Adobe Inc. (ADBE - Free Report) , Wells Fargo & Co. (WFC - Free Report) , IHS Markit Ltd. and Vertex Pharmaceuticals Inc. (VRTX - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Analyst Reports for Disney, Adobe and Wells Fargo
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 Disney, Adobe, and Wells Fargo. 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 Disney have handily outperformed the Zacks Media industry over the past year (+44% vs. +21.9%). The Zacks analyst believes that an expanding international footprint and solid content portfolio has been boosting the Disney+ user growth.
The launch of STAR+ in Latin America is expected to boost subscriber growth further. Revival of Parks, Experiences and Products businesses also holds promise. Higher programming costs at ESPN, heavy investments in ESPN+ and Disney+, and closure of cruise business are some of the major headwinds for the company.
(You can read the full research report on Disney here >>>)
Adobe shares have gained +39.8% in the last six months against the Zacks Software industry’s gain of +26.9%. The Zacks analyst believes that growth in emerging markets, solid adoption of Acrobat and improving average revenue per user are key growth catalysts for the company.
The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud drove the top-line growth in the fiscal third quarter. Adobe has significant exposure to Europe and the current currency headwinds faced by American companies operating in Europe might impact the company’s fiscal 2021 results. Lower end-market demand and high acquisition expenses are other major headwinds.
(You can read the full research report on Adobe here >>>)
Shares of Wells Fargo have gained +6.3% in the past three months against the Zacks Major Regional Banks industry’s gain of +0.8%. The Zacks analyst believes that Wells Fargo continues to benefit from strong deposit growth, sturdy capital position and improving credit quality.
Restructuring moves and cost-efficiency initiatives are likely to continue supporting the company’s revenues. Gradual economic recovery and continued government stimulus is expected to further improve the credit quality. Low interest rates and volatility in fee income are major headwinds though. Falling loans balance as well as lower mortgage servicing income are other concerns.
(You can read the full research report on Wells Fargo here >>>)
Other noteworthy reports we are featuring today include IHS Markit and Vertex Pharmaceuticals.
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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.