For Immediate Release
Chicago, IL – September 21, 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: Apple Inc. (
AAPL Quick Quote AAPL - Free Report) , Bank of America Corp. ( BAC Quick Quote BAC - Free Report) , Cisco Systems, Inc. ( CSCO Quick Quote CSCO - Free Report) , Fidelity National Information Services, Inc. ( FIS Quick Quote FIS - Free Report) and HP Inc. ( HPQ Quick Quote HPQ - Free Report) . Here are highlights from Wednesday’s Analyst Blog: Top Analyst Reports for Apple, Bank of America, Cisco and Others
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 Apple Inc., Bank of America Corp. and Cisco 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 >>> Apple shares have performed in-line with the Zacks Tech sector this year (+36.8% vs. +37.2%), but have handily outperformed the broader market (+36.8% vs. +17%). The company expects iPhone and Services' year-over-year growth to accelerate in the fiscal fourth quarter compared with the June quarter.
The upcoming iPhone 15, which Apple is likely to announce on Sep 12, is a key catalyst. Although the iPhone 15 is not expected to feature any major improvements from iPhone 14, the iPhone 15 Pro and Pro Max are expected to feature an A17 Bionic chip, improved battery life and a USB-C charging port.
Apple is also benefiting from increasing customer engagement in the services segment. The expanding content portfolio of Apple TV+ and Apple Arcade is helping drive subscriber growth. However, revenues for both Mac and iPad are expected to decline double digits on a year-over-year basis in the fiscal fourth quarter due to difficult comparisons.
(You can ) read the full research report on Apple here >>> Shares of Bank of America have gained +1.8% over the past six months against the Zacks Banks - Major Regional industry's gain of +5.6%. Higher interest rates and decent loan demand will likely keep aiding the company's net interest income (NII) growth. The opening of financial centers and improving digital capabilities is expected to bolster the top line. However, the tough economic backdrop is expected to keep weighing on investment banking (IB) business. This, along with the volatile nature of the capital markets, might hurt non-interest income. Moreover, inflationary pressure will likely result in mounting expenses. (You can ) read the full research report on Bank of America here >>> Shares of Cisco have outperformed the Zacks Computer - Networking industry over the year-to-date period (+19.9% vs. +18.4%). The company is riding on the growing demand for its security, artificial intelligence and cloud products. Its security portfolio is benefiting from the launch of new data loss prevention, firewall and zero trust capabilities. Zero Trust portfolio is riding on strong demand for its Duo offering. Optimized application experience is benefiting from strong demand for ThousandEyes. Its investments across security business, focusing on cloud-based and AI-driven offerings, is expected to drive growth. Expanding growth opportunities for low-power-consuming technologies, including IoT, Silicon One and Power over Ethernet bodes well for Cisco. Acquisitions including Lightspin Technologies, Smartlook and Armorblox is expected to benefit top-line growth. (You can ) read the full research report on Cisco here >>> Other noteworthy reports we are featuring today include Fidelity National Information Services, Inc. and HP Inc. Why Haven't You Looked at Zacks' Top Stocks?
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