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The Zacks Analyst Blog Highlights Walmart, Linde, IBM, Deere and Duke Energy

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For Immediate Release

Chicago, IL – April 1, 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: Walmart Inc. (WMT - Free Report) , Linde plc (LIN - Free Report) , IBM Corp. (IBM - Free Report) , Deere & Co. (DE - Free Report) and Duke Energy Corp. (DUK - Free Report) .

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for Walmart, Linde and IBM

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 Walmart Inc., Linde plc and IBM 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 >>>

Walmart’s shares have outperformed the Zacks Retail - Supermarkets industry over the past year (+28.1% vs. +26.9%). The company is gaining from its highly diversified business with contributions from various segments, channels and formats.

Walmart has been benefiting from an increase in in-store and digital channel traffic due to its robust omnichannel initiatives. Store-fulfilled delivery sales jumped 50% in the fourth quarter of fiscal 2024.

The strategic focus on enhancing delivery services has also been rewarding, as evidenced by the constant increase in the market share for groceries. Upsides like these, along with growth in the advertising business, fueled Walmart’s fourth-quarter results and led to an encouraging fiscal 2025 view.

However, the retail landscape continues to be dynamic due to challenges like inflation and volatile consumer spending. High SG&A expenses are also a concern.

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

Shares of Linde have outperformed the Zacks Chemical - Specialty industry over the past year (+35.0% vs. +30.9%). The company has an extensive range of industrial gas applications that are enhancing global productivity day by day. The company supplies a wide range of gases crucial for various sectors like energy, steel, healthcare, manufacturing and electronics.

Linde has long-term contracts with on-site customers, backed by minimum purchase requirements, ensuring stable cash flows. Linde’s substantial backlog ensures future earnings potential. The merger of Praxair and Linde has positioned the firm as an efficient player in the profitable industrial gas market, with a considerable size advantage.

However, rising competition for new projects in emerging markets raises concerns. The decrease in U.S. industrial production is also expected to reduce the demand for industrial gases, affecting profits. As such, the stock warrants a cautious stance.

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

IBM’s shares have outperformed the Zacks Computer - Integrated Systems industry over the past year (+53.9% vs. +42.9%). The company is poised to witness a healthy growth momentum driven by an optimum combination of a better business mix, improving operating leverage through productivity gains and steady R&D investments.

Higher demand for hybrid cloud, AI solutions and increased watsonx adoption by clients are tailwinds. IBM’s collaboration with SAP to tap generative AI technology within the retail industry will likely generate incremental revenues. Strong free cash flow generation provides the financial flexibility required for strategic investments in the evolving business environment.

However, frequent acquisitions have escalated integration risks. In addition, buyouts have negatively impacted the company’s balance sheet in the form of high levels of goodwill and net intangible assets. Foreign exchange volatility remains another concern.

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

Other noteworthy reports we are featuring today include Deere & Co. and Duke Energy 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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