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The Zacks Analyst Blog Highlights Adobe, United Parcel Service, Deere, Toyota Motor and Monster Beverage
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For Immediate Release
Chicago, IL – March 8, 2024 – 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: Adobe Inc. (ADBE - Free Report) , United Parcel Service, Inc. (UPS - Free Report) , Deere & Co. (DE - Free Report) , Toyota Motor Corp. (TM - Free Report) and Monster Beverage Corp. (MNST - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Adobe, UPS and Deere & Co.
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 Adobe Inc., United Parcel Service, Inc. and Deere & Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Adobe shares have only modestly outperformed the Zacks Computer - Software industry over the past year (+58.3% vs. +53.8%), but they have returned almost double relative the broader market over that time period (+58.3% vs. +25.8% for the S&P 500 index). Driving the stock's performance momentum is strong demand for Adobe's creative products. The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Rising subscription revenues and solid momentum across the mobile apps are major positives.
Growth in emerging markets and robust online video creation demand remain tailwinds. Additionally, solid demand for Adobe’s commerce offerings and growing adoption of Acrobat are encouraging. Adobe’s strong market position, compelling product lines and continued innovation remain positives. Also, its growing generative AI efforts remain a plus.
However, the ongoing tensions between Russia and Ukraine remain major headwinds for the Digital Media segment. High acquisition expenses do not bode well for Adobe's margin expansion.
UPS shares have struggled lately, with the stock lagging rival FedEx (-16.1% vs. +19.4%) as well as the S&P 500 index (-16.1% vs. +25.8%). Driving this underperformance is the unfavorable margin outlook on the back of elevated labor costs as a result of the teamsters deal and volume woes due to softer demand. Rising capital expenses further add to its woes.
These challenges aside, the Zacks analyst is encouraged by UPS' solid free cash flow. Shareholder-friendly actions include a 15th consecutive annual dividend increase and a $5 billion share repurchase authorization. In 2024, UPS’ board of directors raised its quarterly cash dividend to $1.63 per share. For full-year 2024, UPS expects to make dividend payments of $5.4 billion.
The 2022 UPS-ESW agreement aligns with the thriving cross-border e-commerce trend, especially among millennials and Gen Z. The approval of the five-year deal with the International Brotherhood of Teamsters in August 2023 is a positive development for UPS.
Deere shares have declined -7.6% over the past six months against the Zacks Manufacturing - Farm Equipment industry’s decline of -9.7%. The company has been witnessing inflated material and labor costs over the past few quarters. These are likely to persist and put a dent in the company’s margins in the forthcoming quarters. Higher SG&A and R&D expenses will be spoilsports.
The company has been facing supply-chain issues, resulting in delivery delays and less efficient factories. The small agricultural and turf equipment segment will continue to face supply shortages. However, the company is taking steps to enhance its pricing. This is expected to aid its results.
Deere's long-term growth prospects remain strong, owing to consistent investments in new products and markets. Gains from the launch of products equipped with the latest technology will drive the company’s performance. The demand for agricultural equipment will keep supporting Deere’s order levels.
Other noteworthy reports we are featuring today include Toyota Motor 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 +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% 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 Adobe, United Parcel Service, Deere, Toyota Motor and Monster Beverage
For Immediate Release
Chicago, IL – March 8, 2024 – 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: Adobe Inc. (ADBE - Free Report) , United Parcel Service, Inc. (UPS - Free Report) , Deere & Co. (DE - Free Report) , Toyota Motor Corp. (TM - Free Report) and Monster Beverage Corp. (MNST - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for Adobe, UPS and Deere & Co.
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 Adobe Inc., United Parcel Service, Inc. and Deere & Co. 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 >>>
Adobe shares have only modestly outperformed the Zacks Computer - Software industry over the past year (+58.3% vs. +53.8%), but they have returned almost double relative the broader market over that time period (+58.3% vs. +25.8% for the S&P 500 index). Driving the stock's performance momentum is strong demand for Adobe's creative products. The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Rising subscription revenues and solid momentum across the mobile apps are major positives.
Growth in emerging markets and robust online video creation demand remain tailwinds. Additionally, solid demand for Adobe’s commerce offerings and growing adoption of Acrobat are encouraging. Adobe’s strong market position, compelling product lines and continued innovation remain positives. Also, its growing generative AI efforts remain a plus.
However, the ongoing tensions between Russia and Ukraine remain major headwinds for the Digital Media segment. High acquisition expenses do not bode well for Adobe's margin expansion.
(You can read the full research report on Adobe here >>>)
UPS shares have struggled lately, with the stock lagging rival FedEx (-16.1% vs. +19.4%) as well as the S&P 500 index (-16.1% vs. +25.8%). Driving this underperformance is the unfavorable margin outlook on the back of elevated labor costs as a result of the teamsters deal and volume woes due to softer demand. Rising capital expenses further add to its woes.
These challenges aside, the Zacks analyst is encouraged by UPS' solid free cash flow. Shareholder-friendly actions include a 15th consecutive annual dividend increase and a $5 billion share repurchase authorization. In 2024, UPS’ board of directors raised its quarterly cash dividend to $1.63 per share. For full-year 2024, UPS expects to make dividend payments of $5.4 billion.
The 2022 UPS-ESW agreement aligns with the thriving cross-border e-commerce trend, especially among millennials and Gen Z. The approval of the five-year deal with the International Brotherhood of Teamsters in August 2023 is a positive development for UPS.
(You can read the full research report on United Parcel here >>>)
Deere shares have declined -7.6% over the past six months against the Zacks Manufacturing - Farm Equipment industry’s decline of -9.7%. The company has been witnessing inflated material and labor costs over the past few quarters. These are likely to persist and put a dent in the company’s margins in the forthcoming quarters. Higher SG&A and R&D expenses will be spoilsports.
The company has been facing supply-chain issues, resulting in delivery delays and less efficient factories. The small agricultural and turf equipment segment will continue to face supply shortages. However, the company is taking steps to enhance its pricing. This is expected to aid its results.
Deere's long-term growth prospects remain strong, owing to consistent investments in new products and markets. Gains from the launch of products equipped with the latest technology will drive the company’s performance. The demand for agricultural equipment will keep supporting Deere’s order levels.
(You can read the full research report on Deere here >>>)
Other noteworthy reports we are featuring today include Toyota Motor 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 +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% 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.