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The Zacks Analyst Blog Highlights Amazon.com, Deere, Citigroup, MercadoLibre and The Sherwin-Williams Company
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For Immediate Release
Chicago, IL – November 20, 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) , Deere & Co. (DE - Free Report) , Citigroup Inc. (C - Free Report) , MercadoLibre, Inc. (MELI - Free Report) and The Sherwin-Williams Company (SHW - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Amazon, Deere and Citigroup
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., Deere & Co. and Citigroup Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Amazon shares have outperformed the Zacks Internet - Commerce industry over the past year (+51.7% vs. +37.0%). The Zacks analyst believes that the company is gaining from strong Prime momentum owing to ultrafast delivery services, strong content portfolio and strengthening relationships with third-party sellers. Expanding AWS services portfolio, robust Alexa skills and the company's strong global presence remain as major tailwinds.
Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%). The Zacks analyst believes that growing infrastructural investments in the United States are likely to push the demand for construction equipment up, alongside raising strong replacement demand.
Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors.
However, inflated material, labor costs and supply chain challenges are anticipated to impact the company's margins.
Shares of Citigroup have underperformed the Zacks Banks – Major Regional industry over the past two years (-33.4% vs. -24.8%). Per the Zacks analyst, rising operating expenses due to investments and transformations are likely to limit Citigroup's bottom-line growth. Rising funding costs and the fee income volatility remain major headwinds.
However, the company has benefited from growth in core businesses by streamlining its operations internationally. Decent liquidity and capital distribution activities have also enhanced shareholder value.
Other noteworthy reports we are featuring today include MercadoLibre, Inc. and The Sherwin-Williams 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, Deere, Citigroup, MercadoLibre and The Sherwin-Williams Company
For Immediate Release
Chicago, IL – November 20, 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) , Deere & Co. (DE - Free Report) , Citigroup Inc. (C - Free Report) , MercadoLibre, Inc. (MELI - Free Report) and The Sherwin-Williams Company (SHW - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Amazon, Deere and Citigroup
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., Deere & Co. and Citigroup 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 shares have outperformed the Zacks Internet - Commerce industry over the past year (+51.7% vs. +37.0%). The Zacks analyst believes that the company is gaining from strong Prime momentum owing to ultrafast delivery services, strong content portfolio and strengthening relationships with third-party sellers. Expanding AWS services portfolio, robust Alexa skills and the company's strong global presence remain as major tailwinds.
Yet, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns.
(You can read the full research report on Amazon here >>>)
Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%). The Zacks analyst believes that growing infrastructural investments in the United States are likely to push the demand for construction equipment up, alongside raising strong replacement demand.
Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors.
However, inflated material, labor costs and supply chain challenges are anticipated to impact the company's margins.
(You can read the full research report on Deere here >>>)
Shares of Citigroup have underperformed the Zacks Banks – Major Regional industry over the past two years (-33.4% vs. -24.8%). Per the Zacks analyst, rising operating expenses due to investments and transformations are likely to limit Citigroup's bottom-line growth. Rising funding costs and the fee income volatility remain major headwinds.
However, the company has benefited from growth in core businesses by streamlining its operations internationally. Decent liquidity and capital distribution activities have also enhanced shareholder value.
(You can read the full research report on Citigroup here >>>)
Other noteworthy reports we are featuring today include MercadoLibre, Inc. and The Sherwin-Williams 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.