Back to top

Image: Bigstock

The Zacks Analyst Blog Highlights Amazon, Walmart, Bank of America, American Express, and SAP

Read MoreHide Full Article

For Immediate Release

Chicago, IL – July 26, 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: Amazon.com, Inc. (AMZN - Free Report) , Walmart Inc. (WMT - Free Report) , Bank of America Corp. (BAC - Free Report) , American Express Co. (AXP - Free Report) , and SAP SE (SAP - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Stock Reports for Amazon, Walmart and Bank of America

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 Amazon.com, Inc., Walmart Inc., and Bank of America Corp. 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 >>>

Amazon shares have declined -33.7% over the past year against the Zacks Internet - Commerce industry's decline of -40.0%. The company's growing expenses associated with supply-chain constraints and labor supply shortages remain concerns. Nevertheless, Amazon is gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio.

Further, strengthening relationships with third-party sellers is a positive. Also, growing momentum across Amazon Music is contributing well. Notably, the stock has outperformed its industry on a year-to-date basis. Strong adoption rate of AWS is aiding the company's cloud dominance. Also, expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers.

Further, robust Alexa skills and expanding smart home products portfolio are positives. Additionally, the company's strong global presence and solid momentum among the small and medium businesses remain tailwinds.

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

Walmart shares have declined -6.0% over the past year against the Zacks Retail - Supermarkets industry's decline of -4.0%. The company is battling supply-chain bottlenecks and persistently elevated inflation. The company's U.S. segment operating income was hurt by high wage costs, an adverse mix due to the lower percentage of general merchandise and fuel costs and supply-chain woes in the first quarter. Some of these cost headwinds are likely to persist.

However, Walmart has been gaining from its sturdy comp sales record, which in turn is driven by its constant expansion efforts and solid e-commerce performance. The company's initiatives to boost e-commerce business include prudent buyouts, alliances, and improved delivery and payment systems. On its first-quarter fiscal 2023 earnings call, management raised its net sales view, which is likely to grow about 4% at constant currency.

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

Bank of America shares have declined -9.8% over the past year against the Zacks Banks - Major Regional industry's decline of -12.5%. The company's second-quarter 2022 results were hurt by poor performance of the investment banking (IB) business, partly offset by growth in interest income. Its over-dependence on trading revenues is concerning. The volatile nature of the capital markets might hamper fee income growth.

A stretched valuation limits the stock's upside potential. Its second-quarter 2022 results were hurt by poor performance of the investment banking (IB) business, partly offset by growth in interest income. The opening of new financial centers, enhancement in digital capabilities and cost-saving efforts will likely keep aiding the company's financials.

Supported by robust loan growth, its top line is expected to improve. Given the rise in rates, Bank of America is expected to witness growth in margins in the near term.

(You can read the full research report on Bank of America here >>>)

Other noteworthy reports we are featuring today include American Express Co., and SAP SE.

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.