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The Zacks Analyst Blog Highlights Bank of America, Toyota Motor, AT&T, The Home Depot, Zoetis, and Occidental Petroleum
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For Immediate Release
Chicago, IL – August 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: Bank of America Corp. (BAC - Free Report) , Toyota Motor Corp. (TM - Free Report) , AT&T Inc. (T - Free Report) , The Home Depot, Inc. (HD - Free Report) , Zoetis Inc. (ZTS - Free Report) , and Occidental Petroleum Corp. (OXY - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for BofA, Toyota and AT&T
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 Bank of America Corp., Toyota Motor Corp. and AT&T Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Bank of America shares have declined -15.3% over the past year against the Zacks Banks - Major Regional industry’s decline of -16.7% and both lagging the broader market's decline of -8.5%. The outlook for Bank of America and its peers has been clouded by the ongoing macroeconomic uncertainty characterized by the Fed tightening cycle that has raised recessionary risks.
However, the opening of new financial centers, enhancement in digital capabilities and expense-saving efforts are expected to keep aiding the company’s financials.
Moreover, supported by robust loan growth, Bank of America's top line is expected to improve. Given the recent rise in interest rates, Bank of America is expected to witness growth in margins in the near term.
Toyota Motor shares have declined -9.6% over the past year against the Zacks Automotive - Foreign industry’s decline of -28.0%. Toyota is faced with a number of near-term challenges like the chip crunch compounded by the Russia-Ukraine war and inflationary pressures weighing on margins, the company is better placed to face these headwinds than its peers.
Toyota’s massive electrification push including investment in all-electric, hybrids and fuel-cell vehicles is set to bolster prospects. It aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030.
The Japanese auto giant forecasts a year-over-year growth in sales volume and revenues for the current fiscal year. The expanding portfolio of product lines, a robust lineup of trucks and SUVs, partnerships with Hino and Subaru and Mazda will steer long-term growth.
AT&T shares have declined -7.2% over the past year, roughly in line with the Zacks Wireless National industry’s decline of -7.8%. The company is struggling with a steady decline in its legacy telephony Internet and wireline services. High-speed Internet revenues are also contracting due to a decline in the legacy digital subscriber line. With the divesture of WarnerMedia, AT&T must build upon its core businesses to improve its value proposition as spectrum crisis and cord-cutting remain challenges.
However, AT&T is witnessing solid subscriber momentum. A customer centric business model, is providing the company with healthy growth in its postpaid wireless business alongside a lower churn rate and higher-tier unlimited plans.
The company is actively investing in key areas of 5G and fiber and adjusting its business according to the evolving market scenario to fuel long-term growth. While optimizing operations, it is aiming to increase efficiencies to lower operating costs.
Other noteworthy reports we are featuring today include The Home Depot, Inc., Zoetis Inc., and Occidental Petroleum 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.
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 Bank of America, Toyota Motor, AT&T, The Home Depot, Zoetis, and Occidental Petroleum
For Immediate Release
Chicago, IL – August 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: Bank of America Corp. (BAC - Free Report) , Toyota Motor Corp. (TM - Free Report) , AT&T Inc. (T - Free Report) , The Home Depot, Inc. (HD - Free Report) , Zoetis Inc. (ZTS - Free Report) , and Occidental Petroleum Corp. (OXY - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for BofA, Toyota and AT&T
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 Bank of America Corp., Toyota Motor Corp. and AT&T 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 >>>
Bank of America shares have declined -15.3% over the past year against the Zacks Banks - Major Regional industry’s decline of -16.7% and both lagging the broader market's decline of -8.5%. The outlook for Bank of America and its peers has been clouded by the ongoing macroeconomic uncertainty characterized by the Fed tightening cycle that has raised recessionary risks.
However, the opening of new financial centers, enhancement in digital capabilities and expense-saving efforts are expected to keep aiding the company’s financials.
Moreover, supported by robust loan growth, Bank of America's top line is expected to improve. Given the recent rise in interest 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 >>>)
Toyota Motor shares have declined -9.6% over the past year against the Zacks Automotive - Foreign industry’s decline of -28.0%. Toyota is faced with a number of near-term challenges like the chip crunch compounded by the Russia-Ukraine war and inflationary pressures weighing on margins, the company is better placed to face these headwinds than its peers.
Toyota’s massive electrification push including investment in all-electric, hybrids and fuel-cell vehicles is set to bolster prospects. It aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030.
The Japanese auto giant forecasts a year-over-year growth in sales volume and revenues for the current fiscal year. The expanding portfolio of product lines, a robust lineup of trucks and SUVs, partnerships with Hino and Subaru and Mazda will steer long-term growth.
(You can read the full research report on Toyota Motor here >>>)
AT&T shares have declined -7.2% over the past year, roughly in line with the Zacks Wireless National industry’s decline of -7.8%. The company is struggling with a steady decline in its legacy telephony Internet and wireline services. High-speed Internet revenues are also contracting due to a decline in the legacy digital subscriber line. With the divesture of WarnerMedia, AT&T must build upon its core businesses to improve its value proposition as spectrum crisis and cord-cutting remain challenges.
However, AT&T is witnessing solid subscriber momentum. A customer centric business model, is providing the company with healthy growth in its postpaid wireless business alongside a lower churn rate and higher-tier unlimited plans.
The company is actively investing in key areas of 5G and fiber and adjusting its business according to the evolving market scenario to fuel long-term growth. While optimizing operations, it is aiming to increase efficiencies to lower operating costs.
(You can read the full research report on AT&T here >>>)
Other noteworthy reports we are featuring today include The Home Depot, Inc., Zoetis Inc., and Occidental Petroleum 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 >>
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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.