Back to top

Image: Bigstock

The Zacks Analyst Blog Highlights: Amazon, Boeing, Micron, National Oilwell Varco and Kohl's

Read MoreHide Full Article

For Immediate Release

Chicago, IL –October 31, 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: Amazon.com, Inc. (AMZN - Free Report) , The Boeing Company (BA - Free Report) , Micron Technology, Inc. (MU - Free Report) , National Oilwell Varco, Inc. (NOV - Free Report) and Kohl's Corporation (KSS - Free Report) .

Here are highlights from Wednesday’s Analyst Blog:

Top Stock Picks for Amazon, Boeing and Micron

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 Amazon.com, Inc., The Boeing Company and Micron Technology, 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 >>>

Amazon’s shares have underperformed the Zacks Internet - Commerce industry on a year to date basis (+17.7% vs. +18.9%). The Zacks analyst believes that rising transportation cost related to its free one-day shipping service remains an overhang and is likely to escalate further. Amazon also expects foreign exchange headwinds to continue impacting the top line.

However, the company did benefit from solid Prime momentum owing to robust grocery services and strong content portfolio. Moreover, Prime Free One Day service helped Amazon in gaining traction across customers. Improving Alexa skills and features remain a major positive, while expanding smart home products offerings remain tailwinds.

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

Boeing’s shares have underperformed the Zacks Aerospace - Defense industry so far this year (+8.0% vs. +21.3%). The Zacks analyst believes that Boeing’s commercial business has suffering due to lower 737 deliveries, following 737 Max product line's grounding and subsequent costs associated with it. Consequently, its revenues, earnings and cash flow position were affected significantly.

However, Boeing still remains the largest aircraft manufacturer globally in terms of revenues, orders and deliveries, and one of the major aerospace and defense contractors. Its proposed joint venture with Embraer is expected to strengthen its commercial business significantly.

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

Micron’s shares have underperformed the Zacks Semiconductor Memory industry on a year to date basis (+50.6% vs. +51.6%). The Zacks analyst believes that higher mix of NAND, which has lower gross margin, falling memory prices and a slow decline in manufacturing cost, is likely to keep Micron’s margins under pressure.

But, Micron is still well-poised to benefit from the resurgence in DRAM demand, backed by a progress in customer inventory adjustments in the cloud, graphics and the PC markets. Moreover, its focus on increasing the mix of high-value solutions in its portfolio is a boon.

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

Other noteworthy reports we are featuring today include National Oilwell Varco, Inc. and Kohl's Corporation.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.

This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.

See their latest picks free >>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                 

http://www.zacks.com

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.