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The Zacks Analyst Blog Highlights Apple, Broadcom and American Express, Applied Materials and Restaurant Brands International

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For Immediate Release

Chicago, IL – March 8, 2022 – 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) , Broadcom Inc. (AVGO - Free Report) and American Express Company (AXP - Free Report) , Applied Materials, Inc. (AMAT - Free Report) and Restaurant Brands International Inc. (QSR - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Stock Reports for Apple, Broadcom and American Express

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 Inc., Broadcom Inc. and American Express Company. 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 provide a good blend of defense and long-term growth that has proved invaluable in the ongoing market turmoil. The stock has held its own, down only -8.1% in the year-to-date period vs. -9.2% decline for the S&P 500 index and -15.9% decline for the Zacks Tech sector. 

Apple’s first-quarter fiscal 2022 results benefited from strong iPhone sales and continued momentum in the Services business amid significant supply-chain constraints, per the Zacks analyst.

Mac had a terrific quarter driven by strong demand for newly redesigned MacBook Pro powered by M1 chip. However, iPad sales were hurt by supply-chain constraints. Apple did not provide revenue guidance for the second quarter of fiscal 2022, given the uncertainty around the impact of the pandemic. 

Nevertheless, Apple expects to achieve solid year-over-year revenue growth and set a second quarter revenue record despite significant supply constraints, which it estimates to be less than the fiscal first quarter. App Store, Cloud Services, Music, advertising and AppleCare will continue to drive Services growth. 

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

Shares of Broadcom have outperformed the Zacks Electronics - Semiconductors industry over the past year (+41.4% vs. +24.2%). The Zacks analyst believes that Broadcom is riding on continued strength across both Semiconductor solutions and Infrastructure software verticals. 

In fourth-quarter fiscal 2021, Semiconductor revenues benefited from higher demand for wireless solutions and continued momentum in networking and broadband solutions. Networking was driven by routing from service providers in the expansion of 5G networks for backhaul, metro, and call, as well as major share gains in ethernet network interface controllers within data centers. 

Synergies from acquisitions of CA and Symantec’s enterprise security business aided results. Further, an upbeat first quarter guidance on strong uptick in broadband, networking and wireless revenues is encouraging. However, increasing competition along with high debt levels are persistent overhangs.

(You can read the full research report on Broadcom here >>>

Shares of American Express have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+15.1% vs. +1.8%). The Zacks analyst believes that several growth initiatives, such as launching products, enhancing the existing features, reaching new agreements and forging alliances are boosting the company’s results. 

Consumer spending on travel and entertainment, which carry higher margins for AmEx, is advancing well. Its balance sheet looks solid with manageable debt. Solid cash generation abilities bode well through which business investments and capital deployment can be undertaken.

However, with increasing utilization of its cards, expense in the form of card member services and card member rewards is likely to go up. Marketing and business development expense is expected to rise as well, hurting the bottom line.

(You can read the full research report on American Express here >>>

Other noteworthy reports we are featuring today include Applied Materials, Inc. and Restaurant Brands International Inc.

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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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