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The Zacks Analyst Blog Highlights Amazon.com, NVIDIA, Tesla, Meta Platforms and Canadian National Railway
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For Immediate Release
Chicago, IL – July 6, 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: Amazon.com, Inc. (AMZN - Free Report) , NVIDIA Corp. (NVDA - Free Report) , Tesla, Inc. (TSLA - Free Report) , Meta Platforms, Inc. (META - Free Report) and Canadian National Railway Company (CNI - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for Amazon, NVIDIA and Tesla
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., NVIDIA Corp. and Tesla, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Amazon.com's shares have outperformed the Zacks Internet - Commerce industry (+55.1% vs. +31.7%) as well as the broader market (+55.1% vs. +17.1% for the S&P 500 index) this year. The company is gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Strengthening relationships with third-party sellers is a positive. Additionally, the strong adoption rate of AWS is aiding the company's cloud dominance.
Expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. Robust Alexa skills and expanding smart home products portfolio are positives. The company's strong global presence and solid momentum among the small and medium businesses remain tailwinds.
However, inflationary pressure, supply-chain constraints, geopolitical tensions and foreign currency headwinds remain concerns. Also, growing transportation and fulfillment center costs remain concerns.
Shares of NVIDIA have handily outperformed the Zacks Semiconductor industry (+190.2% vs. +74.6%) as well as the Zacks Tech sector (+190.2% vs. +37.2%) in the year-to-date period. Driving Nvidia's outperformance is strong growth of artificial intelligence, high-performance computing and accelerated computing, which is boosting its Compute & Networking revenues.
A surge in Hyperscale demand and a solid uptake of artificial intelligence-based smart cockpit infotainment solutions are acting as tailwinds. Collaboration with Mercedes-Benz and Audi is likely to advance its presence in autonomous vehicles and other automotive electronics space.
However, NVDA's near-term prospects look gloomy due to weakening demand for chips used in gaming and professional visualization end markets. While macroeconomic headwinds are impacting gaming and professional visualization chip demand, higher channel inventory levels are hurting chip prices.
Tesla shares have outperformed the Zacks Automotive - Domestic over the past year (+20.7% vs. +13.3%). The company's record second-quarter 2023 deliveries signal its growing dominance in the electric vehicle (EV) market as it continues to expand its production and sales globally. The Zacks analyst expects deliveries to see an annualized growth of around 37% in 2023.
Production ramp-up at gigafactory 4 (in Berlin) and 5 (in Austin) and introduction of new models, including Semi and Cybertruck, are set to support long-term deliveries growth. We anticipate automotive revenues to rise 19% this year.
Additionally, Tesla's energy generation and storage revenues outlook is promising. Falling debt levels is another positive. The wider adoption of Tesla's NACS connector by other automakers and EV charging companies is also boosting the stock. Amid such tailwinds, we are bullish on Tesla.
Other noteworthy reports we are featuring today include Meta Platforms, Inc. and Canadian National Railway Company.
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 Amazon.com, NVIDIA, Tesla, Meta Platforms and Canadian National Railway
For Immediate Release
Chicago, IL – July 6, 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: Amazon.com, Inc. (AMZN - Free Report) , NVIDIA Corp. (NVDA - Free Report) , Tesla, Inc. (TSLA - Free Report) , Meta Platforms, Inc. (META - Free Report) and Canadian National Railway Company (CNI - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for Amazon, NVIDIA and Tesla
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., NVIDIA Corp. and Tesla, 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 >>>
Amazon.com's shares have outperformed the Zacks Internet - Commerce industry (+55.1% vs. +31.7%) as well as the broader market (+55.1% vs. +17.1% for the S&P 500 index) this year. The company is gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Strengthening relationships with third-party sellers is a positive. Additionally, the strong adoption rate of AWS is aiding the company's cloud dominance.
Expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. Robust Alexa skills and expanding smart home products portfolio are positives. The company's strong global presence and solid momentum among the small and medium businesses remain tailwinds.
However, inflationary pressure, supply-chain constraints, geopolitical tensions and foreign currency headwinds remain concerns. Also, growing transportation and fulfillment center costs remain concerns.
(You can read the full research report on Amazon.com here >>>)
Shares of NVIDIA have handily outperformed the Zacks Semiconductor industry (+190.2% vs. +74.6%) as well as the Zacks Tech sector (+190.2% vs. +37.2%) in the year-to-date period. Driving Nvidia's outperformance is strong growth of artificial intelligence, high-performance computing and accelerated computing, which is boosting its Compute & Networking revenues.
A surge in Hyperscale demand and a solid uptake of artificial intelligence-based smart cockpit infotainment solutions are acting as tailwinds. Collaboration with Mercedes-Benz and Audi is likely to advance its presence in autonomous vehicles and other automotive electronics space.
However, NVDA's near-term prospects look gloomy due to weakening demand for chips used in gaming and professional visualization end markets. While macroeconomic headwinds are impacting gaming and professional visualization chip demand, higher channel inventory levels are hurting chip prices.
(You can read the full research report on NVIDIA here >>>)
Tesla shares have outperformed the Zacks Automotive - Domestic over the past year (+20.7% vs. +13.3%). The company's record second-quarter 2023 deliveries signal its growing dominance in the electric vehicle (EV) market as it continues to expand its production and sales globally. The Zacks analyst expects deliveries to see an annualized growth of around 37% in 2023.
Production ramp-up at gigafactory 4 (in Berlin) and 5 (in Austin) and introduction of new models, including Semi and Cybertruck, are set to support long-term deliveries growth. We anticipate automotive revenues to rise 19% this year.
Additionally, Tesla's energy generation and storage revenues outlook is promising. Falling debt levels is another positive. The wider adoption of Tesla's NACS connector by other automakers and EV charging companies is also boosting the stock. Amid such tailwinds, we are bullish on Tesla.
(You can read the full research report on Tesla here >>>)
Other noteworthy reports we are featuring today include Meta Platforms, Inc. and Canadian National Railway Company.
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.