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The Zacks Analyst Blog Highlights Cisco, T-Mobile US, Stryker, The Progressive and PayPal
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For Immediate Release
Chicago, IL – March 2, 2023 – 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: Cisco Systems, Inc. (CSCO - Free Report) , T-Mobile US, Inc. (TMUS - Free Report) , Stryker Corp. (SYK - Free Report) , The Progressive Corp. (PGR - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Cisco Systems, T-Mobile U.S. and Stryker
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 Cisco Systems, Inc., T-Mobile US, Inc. and Stryker Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Cisco Systems were in line with the Zacks Computer - Networking industry over the past six months (+8.6% vs. +8.5%). The company has benefited from easing supply chain conditions, greater availability of components and redesigning of some products. Cisco witnessed strong demand for its products, including the Catalyst 9000 family, Cisco 8000, Wireless, Meraki, ThousandEyes and Duo.
Nevertheless, it believes this situation provides growth opportunities for low-power-consuming technologies, including IoT, Silicon One and Power over Ethernet. Cisco’s investments across its security business, focusing on cloud-based offerings, is expected to drive growth in the long haul. Cisco provided strong outlook for second-quarter fiscal 2023.
However, Cisco witnessed cautious spending in European markets due to a dramatic increase in energy costs and market volatility.
Shares of T-Mobile US have outperformed the Zacks Wireless National industry over the past year (+13.2% vs. -14.3%). With industry-leading growth in postpaid and broadband customers driven by superior 5G network and focus on customers, T-Mobile is on track to complete the Sprint customer network decommissioning.
T-Mobile US has augmented its 5G footprint by introducing 5G Home Internet services in several states. T-Mobile plans to reach 300 million people within the current year. It intends to bring more competition to home broadband, especially in underserved rural markets.
However, it operates in a fiercely competitive and almost saturated U.S. telecom market, which lowers its growth potential to some extent. Several promotional activities to lure additional customers are further eroding its profitability. Importantly, the costs incurred to gain customers and enhance revenues have not rewarded its shareholders yet. Debt obligation woes also persist.
Stryker’s shares have outperformed the Zacks Medical - Products industry over the past six months (+29.0% vs. +3.0%). The company saw strong performance across both its segments in fourth-quarter 2022. Internationally, it reported mid-single-digit organic growth, highlighted by double-digit organic growth in Europe and emerging markets. A solid solvency position is a plus.
Per management, the company managed to deliver robust growth in both of its businesses and demonstrated promising integration of Wright Medical despite the COVID-19 led disruptions. Strength in its flagship Mako platform continues to favor the company.
However, inflationary pressure and supply-chain challenges continue to plague Stryker. Stiff competition in the MedTech space remains a headwind. Contraction in both gross and operating margin is another challenge.
Other noteworthy reports we are featuring today include The Progressive Corp. and PayPal Holdings, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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 Cisco, T-Mobile US, Stryker, The Progressive and PayPal
For Immediate Release
Chicago, IL – March 2, 2023 – 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: Cisco Systems, Inc. (CSCO - Free Report) , T-Mobile US, Inc. (TMUS - Free Report) , Stryker Corp. (SYK - Free Report) , The Progressive Corp. (PGR - Free Report) and PayPal Holdings, Inc. (PYPL - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Cisco Systems, T-Mobile U.S. and Stryker
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 Cisco Systems, Inc., T-Mobile US, Inc. and Stryker 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 >>>
Shares of Cisco Systems were in line with the Zacks Computer - Networking industry over the past six months (+8.6% vs. +8.5%). The company has benefited from easing supply chain conditions, greater availability of components and redesigning of some products. Cisco witnessed strong demand for its products, including the Catalyst 9000 family, Cisco 8000, Wireless, Meraki, ThousandEyes and Duo.
Nevertheless, it believes this situation provides growth opportunities for low-power-consuming technologies, including IoT, Silicon One and Power over Ethernet. Cisco’s investments across its security business, focusing on cloud-based offerings, is expected to drive growth in the long haul. Cisco provided strong outlook for second-quarter fiscal 2023.
However, Cisco witnessed cautious spending in European markets due to a dramatic increase in energy costs and market volatility.
(You can read the full research report on Cisco Systems here >>>)
Shares of T-Mobile US have outperformed the Zacks Wireless National industry over the past year (+13.2% vs. -14.3%). With industry-leading growth in postpaid and broadband customers driven by superior 5G network and focus on customers, T-Mobile is on track to complete the Sprint customer network decommissioning.
T-Mobile US has augmented its 5G footprint by introducing 5G Home Internet services in several states. T-Mobile plans to reach 300 million people within the current year. It intends to bring more competition to home broadband, especially in underserved rural markets.
However, it operates in a fiercely competitive and almost saturated U.S. telecom market, which lowers its growth potential to some extent. Several promotional activities to lure additional customers are further eroding its profitability. Importantly, the costs incurred to gain customers and enhance revenues have not rewarded its shareholders yet. Debt obligation woes also persist.
(You can read the full research report on T-Mobile US here >>>)
Stryker’s shares have outperformed the Zacks Medical - Products industry over the past six months (+29.0% vs. +3.0%). The company saw strong performance across both its segments in fourth-quarter 2022. Internationally, it reported mid-single-digit organic growth, highlighted by double-digit organic growth in Europe and emerging markets. A solid solvency position is a plus.
Per management, the company managed to deliver robust growth in both of its businesses and demonstrated promising integration of Wright Medical despite the COVID-19 led disruptions. Strength in its flagship Mako platform continues to favor the company.
However, inflationary pressure and supply-chain challenges continue to plague Stryker. Stiff competition in the MedTech space remains a headwind. Contraction in both gross and operating margin is another challenge.
(You can read the full research report on Styker here >>>)
Other noteworthy reports we are featuring today include The Progressive Corp. and PayPal Holdings, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. 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.