Chicago, IL – February 4, 2022 – 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: NVIDIA Corp. ( NVDA - Free Report) , United Parcel Service, Inc. ( UPS - Free Report) , and Intuit Inc. ( INTU - Free Report) .
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 NVIDIA Corp. (NVDA), United Parcel Service, Inc. (UPS), and Intuit Inc. (INTU). 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
Shares of NVIDIA have outperformed the Zacks General Semiconductor industry over the past year (+84.8% vs. +36.4%). The Zacks analyst believes that NVIDIA has been benefiting from the coronavirus-induced work and learn-from-home wave as well as strong growth in GeForce desktop and notebook Graphic Processing Units.
A surge in Hyperscale demand has been boosting NVDA’s Data Center business. Expansion of NVIDIA GeForce NOW is expected to drive the user base. Further, solid uptake of artificial intelligence-based smart cockpit infotainment solutions is a boon. Pandemic-related woes, however, are likely to weigh on near-term revenues.
(You can read the full research report on NVIDIA here )
United Parcel Service shares have gained +22.9% over the past six months against the Zacks Transportation - Air Freight and Cargo industry’s rise of +7.4%. The Zacks analyst appreciates UPS' efforts to reward its shareholders through dividends and buybacks. UPS paid out dividends worth $2.6 billion through the first nine months of 2021.
An impressive liquidity position and robust free cash-flow generation has been supporting its shareholder-friendly activities. In August, UPS' board approved a new share buyback program worth $5 billion, replacing its existing $2.1-billion program. High operating expenses and rising fuel costs, however, have been hurting the bottom line.
(You can read the full research report on United Parcel Service here )
Shares of Intuit have lost -10% in the last three months against the Zacks Computer Software industry’s loss of -10.4%. Intuit’s near-term prospect looks gloomy due to pandemic-related woes. Higher costs and expenses on the back of increased investments in marketing and engineering have also been hurting its bottom-line results.
The Zacks analyst, however, believes that Intuit has been benefiting from strong momentum in online ecosystem revenues as well as solid professional tax revenues. Intuit’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run. Strength in its lending product, QuickBooks Capital, remains a positive.
(You can read the full research report on Intuit here )
Other noteworthy reports we are featuring today include Anheuser-Busch InBev SA/NV (BUD) and Vertex Pharmaceuticals Inc. (VRTX).
In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022?
From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the SP 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.
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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 SP 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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