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The Zacks Analyst Blog Highlights: Procter & Gamble, Intel, Adobe, Walmart and Texas Instruments

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For Immediate Release

Chicago, IL – October 29, 2019 – 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: The Procter & Gamble Company (PG - Free Report) , Intel Corp. (INTC - Free Report) , Adobe Inc. (ADBE - Free Report) , Walmart Inc. (WMT - Free Report) and Texas Instruments Inc. (TXN - Free Report) .

Here are highlights from Monday’s Analyst Blog:

Top Analyst Reports for Procter & Gamble, Intel and Adobe

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 The Procter & Gamble Company, Intel Corp. and Adobe 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 >>>

Procter & Gamble’s shares have outperformed the Zacks Soap and Cleaning Materials industry on a year to date basis (+34.8% vs. +22.1%). The Zacks analyst believes that they company’s earnings are currently benefitting from its ongoing productivity efforts, while strong organic sales growth backed by higher shipment volumes and favorable price/mix boosted the top line. The company is also gaining from focus on product improvement, packaging and marketing initiatives, and productivity and cost-savings plan.

However, adverse foreign currency rates are hurting the company’s top and bottom lines. The company expects currency headwinds to hurt its top line in fiscal 2020. Moreover, global economic challenges and stiff competition poses concern.

Intel’s shares have outperformed the S&P 500 index so far this year (+19.9% vs. +19.4%). The Zacks analyst believes that the PC-centric business is anticipated to be flat to decline marginally year over year, NAND pricing growth and recovery in cloud are anticipated to drive the Data-centric business in the fourth quarter.

Intel is benefiting from rising demand for its high-performance products in both data center and client domains. Moreover, launch of new 10nm technology-based AI chip, Springhill, holds promise.

However, weakness in demand from China, expenses pertaining to 10nm ramp and constrained supply are concerns. Moreover, intensifying competition from AMD is a headwind.

Adobe’s shares have outperformed the Zacks Computer - Software industry over the past two-year period (+53.2% vs. +48.6%). The Zacks analyst believes that Adobe’s increasing demand for its creative products continues to drive its top-line growth.

Also, the company’s Adobe Document Cloud and Adobe Experience Cloud products, along with growing subscription for cloud application are positives. It has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing.

However, lower end-market demand and exposure to Europe remain overhangs. High acquisition expenses do not bode well for its margin expansion.

Other noteworthy reports we are featuring today include Walmart Inc. and Texas Instruments Inc.

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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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