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The Zacks Analyst Blog Highlights Meta Platforms, Broadcom, Toyota Motor, IBM and Monster Beverage
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For Immediate Release
Chicago, IL – December 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: Meta Platforms, Inc. (META - Free Report) , Broadcom Inc. (AVGO - Free Report) , Toyota Motor Corp. (TM - Free Report) , IBM Corp. (IBM - Free Report) and Monster Beverage Corp. (MNST - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Meta Platforms, Broadcom and Toyota
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 Meta Platforms, Inc., Broadcom Inc. and Toyota Motor Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Meta Platforms have outperformed the Zacks Internet - Software industry over the past six months (+21.2% vs. +13.4%). The company is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its offerings like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver.
Meta Platforms is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook. Its innovative portfolio, which includes Threads, Reels and Llama 2, is likely to aid prospects. Advertising revenues are expected to witness a CAGR of 13% per Zacks model estimate.
However, challenging macroeconomic conditions remain a headwind for Meta’s advertising revenues, along with targeting and measurement headwinds due to Apple’s iOS changes. Slow monetization of Reels, along with mounting operating losses at Reality Labs, are concerns.
Broadcom’s shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+33.6% vs. +20.7%). The company is benefiting from the strong deployment of generative AI. It expects generative AI to contribute more than 25% of semiconductor revenues in fiscal 2024.
Strong demand for Tomahawk 5, Jericho, 10-gigabit PON and DOCSIS 3.1 with embedded Wi-Fi 6 and 6E aids Broadcom’s prospects. Its expanding portfolio with the launch of the second-gen Wi-Fi 7 wireless connectivity chip is a catalyst.
Broadcom expects networking revenues to grow nearly 30% year over year in fiscal 2024. VMware is expected to contribute $12 billion to revenues. Infrastructure software revenues are expected to be $20 billion while semiconductor solutions revenues are expected to increase in the mid to high-single-digit percentage range on a year-over-year basis in fiscal 2024.
Shares of Toyota Motor have outperformed the Zacks Automotive - Foreign industry over the past six months (+16.6% vs. +13.7%). The company is one of the world’s leading automakers, with an array of brands, including Toyota, Lexus and Scion, which position it for solid growth.
Continued demand for vehicles and a robust lineup of trucks and sport utility vehicles (SUVs) are set to fuel Toyota’s sales volumes. To capitalize on the accelerated global shift to environment-friendly vehicles, the auto giant is deepening its focus on manufacturing electric and fuel-cell vehicles, which will bolster its product competitiveness.
The Japanese auto giant aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030. It plans to invest 4 trillion yen ($35 billion) for a lineup of 30 BEVs by 2030. TM aims to expand global sales of BEVs to 3.5 million units per year by 2030. Thus, we are bullish on the stock.
Other noteworthy reports we are featuring today include IBM Corp. and Monster Beverage 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 Meta Platforms, Broadcom, Toyota Motor, IBM and Monster Beverage
For Immediate Release
Chicago, IL – December 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: Meta Platforms, Inc. (META - Free Report) , Broadcom Inc. (AVGO - Free Report) , Toyota Motor Corp. (TM - Free Report) , IBM Corp. (IBM - Free Report) and Monster Beverage Corp. (MNST - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Research Reports for Meta Platforms, Broadcom and Toyota
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 Meta Platforms, Inc., Broadcom Inc. and Toyota Motor Corp. 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 Meta Platforms have outperformed the Zacks Internet - Software industry over the past six months (+21.2% vs. +13.4%). The company is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its offerings like Instagram, WhatsApp, Messenger and Facebook has been a major growth driver.
Meta Platforms is leveraging AI to recommend Reels content, which is driving traffic on Instagram and Facebook. Its innovative portfolio, which includes Threads, Reels and Llama 2, is likely to aid prospects. Advertising revenues are expected to witness a CAGR of 13% per Zacks model estimate.
However, challenging macroeconomic conditions remain a headwind for Meta’s advertising revenues, along with targeting and measurement headwinds due to Apple’s iOS changes. Slow monetization of Reels, along with mounting operating losses at Reality Labs, are concerns.
(You can read the full research report on Meta Platforms here >>>)
Broadcom’s shares have outperformed the Zacks Electronics - Semiconductors industry over the past six months (+33.6% vs. +20.7%). The company is benefiting from the strong deployment of generative AI. It expects generative AI to contribute more than 25% of semiconductor revenues in fiscal 2024.
Strong demand for Tomahawk 5, Jericho, 10-gigabit PON and DOCSIS 3.1 with embedded Wi-Fi 6 and 6E aids Broadcom’s prospects. Its expanding portfolio with the launch of the second-gen Wi-Fi 7 wireless connectivity chip is a catalyst.
Broadcom expects networking revenues to grow nearly 30% year over year in fiscal 2024. VMware is expected to contribute $12 billion to revenues. Infrastructure software revenues are expected to be $20 billion while semiconductor solutions revenues are expected to increase in the mid to high-single-digit percentage range on a year-over-year basis in fiscal 2024.
(You can read the full research report on Broadcom here >>>)
Shares of Toyota Motor have outperformed the Zacks Automotive - Foreign industry over the past six months (+16.6% vs. +13.7%). The company is one of the world’s leading automakers, with an array of brands, including Toyota, Lexus and Scion, which position it for solid growth.
Continued demand for vehicles and a robust lineup of trucks and sport utility vehicles (SUVs) are set to fuel Toyota’s sales volumes. To capitalize on the accelerated global shift to environment-friendly vehicles, the auto giant is deepening its focus on manufacturing electric and fuel-cell vehicles, which will bolster its product competitiveness.
The Japanese auto giant aims to generate 40% of its global sales from EVs by 2025 and 70% by 2030. It plans to invest 4 trillion yen ($35 billion) for a lineup of 30 BEVs by 2030. TM aims to expand global sales of BEVs to 3.5 million units per year by 2030. Thus, we are bullish on the stock.
(You can read the full research report on Toyota Motor here >>>)
Other noteworthy reports we are featuring today include IBM Corp. and Monster Beverage 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.