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The Zacks Analyst Blog Highlights Amazon.com, Netflix, American Express, Palo Alto Networks and CSX
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For Immediate Release
Chicago, IL – August 8, 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) , Netflix, Inc. (NFLX - Free Report) , American Express Co. (AXP - Free Report) , Palo Alto Networks, Inc. (PANW - Free Report) and CSX Corp. (CSX - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Amazon.com, Netflix and American Express
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., Netflix, Inc. and American Express Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Amazon.com have outperformed the Zacks Internet - Commerce industry over the year-to-date basis (+66.2% vs. +43.5%). Strengthening AWS services portfolio and its growing adoption rate contributed well. Ultrafast delivery services and expanding content portfolio were beneficial. Strengthening relationships with third-party sellers was a positive.
Robust advertising business contributed well. Improving Alexa skills along with robust smart home products offerings were tailwinds. Amazon’s strong global presence and solid momentum among the small and medium businesses remain positives.
However, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns. Rising transportation and fulfillment center costs are also concerns. Intensifying cloud competition poses a serious risk.
Netflix shares have outperformed the Zacks Broadcast Radio and Television industry over the past year (+84.8% vs. +28.9%). The company is benefiting from growing subscriber base thanks to a robust portfolio. Crackdown on password-sharing and the introduction of paid sharing in more than 100 countries, which represents more than 80% of Netflix’s revenue base, is also expected to aid growth.
Netflix’s diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content, has been driving its growth prospects. It now expects revenue growth to accelerate in the second half of 2023.
However, stiff competition in the streaming space from the likes of Apple, Amazon Prime Video, HBO Max, Disney+, Peacock, Paramount+ and TikTok is a headwind. Netflix’s leveraged balance sheet and a higher streaming obligation are concerns.
Shares of American Express have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+6.7% vs. -3.6%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues. The Zacks analyst expects the top line at around $60.8 billion in 2023.
Consumer spending on T&E, which carry higher margins for AmEx, is advancing well. Its balance sheet looks strong with manageable debt. Solid cash-generation abilities enable the pursuit of business investments. However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins.
Marketing and business development expenses are expected to rise. A high debt burden induces a rise in interest expenses. As such, the stock warrants a cautious stance.
Other noteworthy reports we are featuring today include Palo Alto Networks, Inc. and CSX Corp.
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, Netflix, American Express, Palo Alto Networks and CSX
For Immediate Release
Chicago, IL – August 8, 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) , Netflix, Inc. (NFLX - Free Report) , American Express Co. (AXP - Free Report) , Palo Alto Networks, Inc. (PANW - Free Report) and CSX Corp. (CSX - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Amazon.com, Netflix and American Express
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., Netflix, Inc. and American Express Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Amazon.com have outperformed the Zacks Internet - Commerce industry over the year-to-date basis (+66.2% vs. +43.5%). Strengthening AWS services portfolio and its growing adoption rate contributed well. Ultrafast delivery services and expanding content portfolio were beneficial. Strengthening relationships with third-party sellers was a positive.
Robust advertising business contributed well. Improving Alexa skills along with robust smart home products offerings were tailwinds. Amazon’s strong global presence and solid momentum among the small and medium businesses remain positives.
However, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns. Rising transportation and fulfillment center costs are also concerns. Intensifying cloud competition poses a serious risk.
(You can read the full research report on Amazon.com here >>>)
Netflix shares have outperformed the Zacks Broadcast Radio and Television industry over the past year (+84.8% vs. +28.9%). The company is benefiting from growing subscriber base thanks to a robust portfolio. Crackdown on password-sharing and the introduction of paid sharing in more than 100 countries, which represents more than 80% of Netflix’s revenue base, is also expected to aid growth.
Netflix’s diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content, has been driving its growth prospects. It now expects revenue growth to accelerate in the second half of 2023.
However, stiff competition in the streaming space from the likes of Apple, Amazon Prime Video, HBO Max, Disney+, Peacock, Paramount+ and TikTok is a headwind. Netflix’s leveraged balance sheet and a higher streaming obligation are concerns.
(You can read the full research report on Netflix here >>>)
Shares of American Express have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+6.7% vs. -3.6%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues. The Zacks analyst expects the top line at around $60.8 billion in 2023.
Consumer spending on T&E, which carry higher margins for AmEx, is advancing well. Its balance sheet looks strong with manageable debt. Solid cash-generation abilities enable the pursuit of business investments. However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins.
Marketing and business development expenses are expected to rise. A high debt burden induces a rise in interest expenses. As such, the stock warrants a cautious stance.
(You can read the full research report on American Express here >>>)
Other noteworthy reports we are featuring today include Palo Alto Networks, Inc. and CSX Corp.
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.