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The Zacks Analyst Blog Highlights Berkshire Hathaway, Booking Holdings, Cadence Design, ICICI Bank and Cintas

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For Immediate Release

Chicago, IL – August 9, 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: Berkshire Hathaway Inc. (BRK.B - Free Report) , Booking Holdings Inc. (BKNG - Free Report) , Cadence Design Systems, Inc. (CDNS - Free Report) , ICICI Bank Ltd. (IBN - Free Report) and Cintas Corp. (CTAS - Free Report) .

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for Berkshire Hathaway, Booking.com and Cadence Design

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 Berkshire Hathaway Inc., Booking Holdings Inc. and Cadence Design Systems, 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 >>>

Shares of Berkshire Hathaway have outperformed the Zacks Insurance - Property and Casualty industry over the year-to-date period (+17.3% vs. +11.9%). The company is one of the largest property and casualty insurance companies measured by premium volume. Berkshire's inorganic growth story remains impressive with strategic acquisitions.

A strong cash position supports earnings-accretive bolt-on buyouts and indicates financial flexibility. Continued insurance business growth fuels increase in float, drives earnings and generates maximum return on equity. The non-insurance businesses are delivering improved results with increased revenues over the past few years. A sturdy capital level provides further impetus.

However, exposure to catastrophe loss induces earnings volatility and also affects the property and casualty underwriting results of Berkshire. Huge capital expenditure remains a headwind for the company.

(You can read the full research report on Berkshire Hathaway here >>>)

Booking Holdings shares have outperformed the Zacks Internet - Commerce industry over the past year (+65.7% vs. +5.6%). The company is benefiting from substantial improvement in booking trends as witnessed in the recently concluded second-quarter 2023 results. Rebound in travelling and strong demand is helping in lowering cancellation rate.

Booking Holdings expects room night growth to increase at a low double-digit rate on a year-on-year basis in the third quarter. Solid growth in domestic bookings is driving growth. Further, the company is experiencing solid momentum in international regions, which is a positive. Strong growth in rental car, airline ticket units and booked room nights is another positive.

Also, solid momentum across the agency, merchant, and advertising and other businesses is a tailwind. Further, strengthening alternative accommodation business and flight capabilities are major positives. However, intensifying competition is a headwind.

(You can read the full research report on Booking Holdings here >>>)

Shares of Cadence Design Systems have outperformed the Zacks Computer - Software industry over the past year (+25.9% vs. +20.6%). The company’s performance benefited from solid customer demand for the company’s diversified product portfolio. Frequent product launches and strategic collaborations are expected to help the company sustain top-line growth.

Among existing products, the company’s Palladium and Protium platform is gaining traction among clients in the hyperscale computing and automotive segments. Going ahead, the company is likely to benefit from customers increasing their research and development (R&D) spending in artificial intelligence (AI) driven automation.

However, higher costs related to R&D are likely to dent margins in the near term. Stiff competition and volatile macroeconomic conditions are concerns.

(You can read the full research report on Cadence Design Systems here >>>)

Other noteworthy reports we are featuring today include ICICI Bank Ltd. and Cintas Corp.

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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.

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