Back to top

Image: Bigstock

The Zacks Analyst Blog Highlights T-Mobile US, Deere, PayPal, The PNC Financial Services Group and Edwards Lifesciences

Read MoreHide Full Article

For Immediate Release

Chicago, IL – May 2, 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: T-Mobile US, Inc. (TMUS - Free Report) , Deere & Co. (DE - Free Report) , PayPal Holdings, Inc. (PYPL - Free Report) , The PNC Financial Services Group, Inc. (PNC - Free Report) , and Edwards Lifesciences Corp. (EW - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Top Research Reports for T-Mobile, Deere 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 T-Mobile US, Inc., Deere & Co., and PayPal Holdings, Inc. 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 T-Mobile have outperformed the Zacks Wireless National industry over the year to date basis (+12.6% vs. +2.5%). The company is on track to complete the Sprint customer network migration mid-year and decommissioning by the year-end. Its Extended Range 5G covers 315 million people or 95% of Americans. The Ultra Capacity 5G covers 225 million people and nearly 85% of T-Mobile's customers. About 45% of postpaid customers are using a 5G phone, and 5G devices account for more than half of the total network traffic.

However, it operates in a fiercely competitive and almost saturated U.S. telecom market. Low-priced plans for consumers and small enterprises have not improved the bottom line. Promotional activities to lure customers from rivals hurt its profitability.

(You can read the full research report on T-Mobile here >>>)

Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+5.6% vs. +2.8%). The Zacks analyst believes the ongoing rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment. Replacement demand to upgrade old equipment will support Deere's top-line results. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices, economic growth and increased infrastructure spending in fiscal 2022.

Deere is likely to benefit from growth in non-residential investment and strong order activity from independent rental companies. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth. However, higher material and labor costs are likely to dent margin.

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

PayPal shares have declined -64.8% over the past year against the Zacks Internet - Software industry's decline of -51.4%, primarily reflecting sentiment shift in the current rising rate environment. The company's intensifying competition in the digital payment market poses a serious risk to the company's market position. Also, foreign exchange headwinds remain concerns. The stock has underperformed its industry on a year-to-date basis.

However, first quarter results were driven by strong growth in total payments volume owing to increasing net new active accounts. Strengthening customer engagement was a positive. Also, strong performance by Venmo and merchant services contributed well to the TPV growth. Additionally, boom in digital payment owing to the coronavirus pandemic, remains a tailwind.

The Zacks analyst believes that growing transaction revenues are likely to continue driving the top-line growth. Also, solid momentum across peer to peer and PayPal Checkout experiences is a tailwind. PayPal's growing traction in the United States is a positive.

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

Other noteworthy reports we are featuring today include The PNC Financial Services Group, Inc., and Edwards Lifesciences Corp.

Why Haven't You Looked at Zacks' Top Stocks?

Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.

See Stocks Free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

https://www.zacks.com

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.