For Immediate Release
Chicago, IL – May 19, 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: PepsiCo, Inc. (
PEP Quick Quote PEP - Free Report) , Salesforce, Inc. ( CRM Quick Quote CRM - Free Report) , Advanced Micro Devices, Inc. ( AMD Quick Quote AMD - Free Report) , Centene Corp. ( CNC Quick Quote CNC - Free Report) and Gartner, Inc. ( IT Quick Quote IT - Free Report) . Here are highlights from Thursday’s Analyst Blog: Top Analyst Reports for PepsiCo, Salesforce and AMD
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 14 major stocks, including PepsiCo, Inc., Salesforce, Inc. and Advanced Micro Devices, 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 >>> PepsiCo shares have lagged the S&P 500 index this year (+5.4% vs. +9.4%), but have handily outperformed rival Coke (down -1.7% year-to-date). The company's Q1 results on April 25th reflected gains from strength and resilience in its diversified portfolio, modernized supply chain, improved digital capabilities, flexible go-to-market distribution systems and robust consumer demand trends. It also gained from the resilience and strength in the global beverage and convenient food businesses. However, PepsiCo witnessed margin pressures in the first 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 Salesforce have outperformed the Zacks Computer - Software industry over the past year (+34.5% vs. +24.5%). The company is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line. Continued deal wins in the international market is another growth driver. The acquisition of Slack would position the company to be a leader in the enterprise team collaboration solution space and better compete with Microsoft's Teams product. However, stiff competition and unfavorable currency fluctuations are concerns. Besides, a challenging macroeconomic environment might hurt its growth prospects in the near-term. (You can ) read the full research report on Salesforce here >>> AMD shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+43.2% vs. +24.2%). The company is benefiting from strong demand for its products in industrial, vision and health care, test and emulation, communications, aerospace and defense, and automotive end-markets. Embedded segment reported strong growth. For the second quarter of 2023, AMD expects to witness growth in Embedded segment, partially offset by a decline in the Client, Gaming and Data Center segments on a year-over-year basis. AMD is benefiting from a strong product portfolio and acquisitions including Xilinx and Pensando, which has diversified its business. Robust adoption of EPYC processors by North American hyperscalers has been a tailwind. Alliances with Amazon, Microsoft, Baidu and JD.com augment business prospects. However, stiff competition from NVIDIA and Intel is a concern. (You can ) read the full research report on AMD here >>> Other noteworthy reports we are featuring today include Centene Corp. and Gartner, Inc.. Why Haven't You Looked at Zacks' Top Stocks?
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