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The Zacks Analyst Blog Highlights The Procter & Gamble, PepsiCo, Bank of America, Medtronic and Blackstone
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For Immediate Release
Chicago, IL – April 10, 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: The Procter & Gamble Co. (PG - Free Report) , PepsiCo, Inc. (PEP - Free Report) , Bank of America Corp. (BAC - Free Report) , Medtronic plc (MDT - Free Report) and Blackstone Inc. (BX - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Procter & Gamble, PepsiCo 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 15 major stocks, including The Procter & Gamble Co., PepsiCo, Inc. and Bank of America Corp.. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry over the past six months (+23.4% vs. +22.4%). The company's robust surprise trend, which continued in fiscal Q2 2023, bodes well. Procter & Gamble posted better-than-expected top and bottom lines for the second consecutive quarter.
The company's organic sales improved, driven by robust pricing and a favorable mix, along with strength across segments. Improved productivity amid cost headwinds has also aided the results. Driven by the company's progress against its plans, management has raised its sales view for fiscal 2023.
However, Procter & Gamble has been witnessing commodity cost inflation, increases in freight costs, product and packaging investments and other impacts that have hurt margins. Also, the company retained its drab earnings view for fiscal 2023 due to persistence of inflation, higher freight and currency woes.
PepsiCo's shares have gained +9.3% over the past year against the Zacks Beverages - Soft drinks industry's gain of +11.2%. The company marked the 18th straight quarter of positive revenue surprises and its fourth consecutive earnings beat. The company benefits from the resilience and strength of global beverage and convenient food businesses.
It expects to benefit by delivering convenience, variety and value proposition to customers through its brands. It outlined its view for 2023. However, PepsiCo witnessed margin pressures in the fourth quarter driven by impacts of supply-chain disruptions and inflationary labor, transportation and commodity costs. Adverse currency rates also remain headwinds.
Shares of Bank of America have underperformed the Zacks Banks - Major Regional industry over the past year (-28.1% vs. -17.5%). The company's over-dependence on trading revenues for fee income is concerning. The volatile nature of the capital markets will adversely impact non-interest income performance.
A tough operating backdrop will lead to increase in provisions, with we projecting a substantial jump in the metric this year. However, higher interest rates and decent loan demand are expected to keep aiding the company's net interest income (NII).
Likewise, the company's net interest yield will continue expanding in the near-term. Also, opening of new financial centers, enhancement in digital capabilities and prudent cost management efforts are expected to keep aiding its financials.
Other noteworthy reports we are featuring today include Medtronic plc and Blackstone 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 The Procter & Gamble, PepsiCo, Bank of America, Medtronic and Blackstone
For Immediate Release
Chicago, IL – April 10, 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: The Procter & Gamble Co. (PG - Free Report) , PepsiCo, Inc. (PEP - Free Report) , Bank of America Corp. (BAC - Free Report) , Medtronic plc (MDT - Free Report) and Blackstone Inc. (BX - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Procter & Gamble, PepsiCo 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 15 major stocks, including The Procter & Gamble Co., PepsiCo, 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 >>>
Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry over the past six months (+23.4% vs. +22.4%). The company's robust surprise trend, which continued in fiscal Q2 2023, bodes well. Procter & Gamble posted better-than-expected top and bottom lines for the second consecutive quarter.
The company's organic sales improved, driven by robust pricing and a favorable mix, along with strength across segments. Improved productivity amid cost headwinds has also aided the results. Driven by the company's progress against its plans, management has raised its sales view for fiscal 2023.
However, Procter & Gamble has been witnessing commodity cost inflation, increases in freight costs, product and packaging investments and other impacts that have hurt margins. Also, the company retained its drab earnings view for fiscal 2023 due to persistence of inflation, higher freight and currency woes.
(You can read the full research report on Procter & Gamble here >>>)
PepsiCo's shares have gained +9.3% over the past year against the Zacks Beverages - Soft drinks industry's gain of +11.2%. The company marked the 18th straight quarter of positive revenue surprises and its fourth consecutive earnings beat. The company benefits from the resilience and strength of global beverage and convenient food businesses.
It expects to benefit by delivering convenience, variety and value proposition to customers through its brands. It outlined its view for 2023. However, PepsiCo witnessed margin pressures in the fourth quarter driven by impacts of supply-chain disruptions and inflationary labor, transportation and commodity costs. Adverse currency rates also remain headwinds.
(You can read the full research report on PepsiCo here >>>)
Shares of Bank of America have underperformed the Zacks Banks - Major Regional industry over the past year (-28.1% vs. -17.5%). The company's over-dependence on trading revenues for fee income is concerning. The volatile nature of the capital markets will adversely impact non-interest income performance.
A tough operating backdrop will lead to increase in provisions, with we projecting a substantial jump in the metric this year. However, higher interest rates and decent loan demand are expected to keep aiding the company's net interest income (NII).
Likewise, the company's net interest yield will continue expanding in the near-term. Also, opening of new financial centers, enhancement in digital capabilities and prudent cost management efforts are expected to keep aiding its financials.
(You can read the full research report on Bank of America here >>>)
Other noteworthy reports we are featuring today include Medtronic plc and Blackstone 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.