Back to top

The Zacks Analyst Blog Highlights: Alphabet, Bank of America, Tesla, Thermo Fisher and Carnival

Read MoreHide Full Article

For Immediate Release

Chicago, IL –December 4, 2018 – 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: Alphabet (GOOGL - Free Report) , Bank of America (BAC - Free Report) , Tesla (TSLA - Free Report) , Thermo Fisher (TMO - Free Report) and Carnival (CCL - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Analyst Reports for Alphabet, Bank of America and Tesla

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 Alphabet, Bank of America and Tesla. 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 >>>

Alphabet’s shares have outperformed the Zacks Internet Services industry on a year-to-date basis (the stock is up +5.4% vs. a -20.4% decline for the industry). Alphabet's strengthening cloud unit is aiding substantial revenue growth.

The Zacks analyst thinks the growing momentum of Google Cloud and expanding data centers will continue to bolster the company’s presence in the cloud space. Also, major updates in its search segment are enhancing the search results, which is a major positive. The company has shown good execution to date, more or less maintaining its dominant share in a competitive search market.

Additionally, Google’s strong focus on the innovation of its AI techniques and Android OS along with growing presence in the home automation space is driving its top-line growth further. However, the company’s growing litigation issues might hurt its profitability.

Although it's increased spending on consumer gadgets, YouTube video app and cloud computing services remain concerns. Rising competition in the online ad market is another risk.

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

Shares of Bank of America have outperformed the Zacks Major Regional Banks over the past year, losing -2.3% vs. -4.4%. Also, the company possesses an impressive earnings surprise history, beating expectations in each of the trailing four quarters.

The Zacks analyst thinks rise in loan and deposit balances, higher interest rates, expansion into new markets and efforts to manage expenses are likely to support profitability. Lower tax rates and a strong balance sheet position will aid growth.

However, a fall in mortgage banking income due to lower volumes and a decline in refinancing activity along with uncertainty related to performance of capital markets remain major concerns. These are expected to hurt the bank's revenues to some extent.

(You can read the full research report on Bank of America here >>>).

Strong Buy-rankedTesla’s shares have gained +18.1% over the past six months, outperforming the -3.6% decline for the Zacks Domestic Automotive industry. Recently, Tesla reached the milestone of making 1,000 of its Model 3 sedans in a single day. After attaining this feat, the CEO wants all employees of Tesla to focus on maintaining that production rate and lowering costs.

In third-quarter 2018, Tesla produced 80,142 vehicles. This included 53,239 Model 3s, and 26,903 Model S and Model X vehicles. Deliveries to customers amounted to 55,840 Model 3 along with 27,660 Model S and X. These numbers are close to estimates and the Zacks analyst thinks they indicate that the company is making good progress despite hurdles.

The company is focusing on growing its energy storage deployment and aims to deploy at least three times of what is deployed in 2017. Moreover, over the past two months, the Zacks Consensus Estimates for both the current quarter and current year earnings are moving upward.

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

Other noteworthy reports we are featuring today include Thermo Fisher and Carnival.

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339                                                                                 

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 for information about the performance numbers displayed in this press release.

More from Zacks Press Releases

You May Like

Published in