![Sheraz Mian Sheraz Mian](https://staticx.zacks.com/images/mugshots/sheraz_mian/sheraz_mian-4.png)
Top Research Reports for Tesla, Bank of America & NIKE
![](https://staticx.zacks.com/images/zt/ztNow_icon2.png)
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
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 Tesla, Inc. (TSLA), Bank of America Corporation (BAC), and NIKE, Inc. (NKE). 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 Tesla have outperformed the Zacks Domestic Automotive industry over the past year (+146.4% vs. +71.2%) on the back of continued optimism for the EV space and rising Model 3/Y deliveries. The company also achieved record production and deliveries of Model 3/Y in the second of quarter of 2021 despite chip crunch.
Construction of gigafactories in Berlin and Texas are well on track and the production is expected to commence this year. The electric vehicle (EV) behemoth is susceptible to the global microchip deficit, despite its superior technology and software edge. Massive capex due to capacity investments in gigafactories and the development of battery tech is likely to strain near-term financials.
(You can read the full research report on Tesla here >>>)
Bank of America shares have gained +23% over the last six months against the Zacks Major Regional Banks industry’s gain of +20.3%. The Zacks analyst believes that opening of new branches, enhanced digital offerings as well as strategic buyouts are likely to keep supporting profitability.
The company’s efforts to keep enhancing shareholder value through impressive capital deployment activities bodes well. Lower interest rates and the Federal Reserve’s decision to not change the same in near term are expected to keep hurting the company’s margins and interest income. The muted lending scenario is a major concern for the company in the near term.
(You can read the full research report on Bank of America here >>>)
Shares of NIKE have gained +26.9% in the past three months against the Zacks Shoes and Retail Apparel industry’s gain of +24.7%. The Zacks analyst believes that return of sports activity, reopening of retail stores, strength in wholesale business and continued growth of NIKE Digital bode well for the company.
Strong customer connections through compelling brand experiences across NIKE Jordan and Converse, product innovation and expanding digital advantage have been boosting the company’s growth. Elevated SG&A expense as sporting events returned, partly hurt the results. A slowdown in Greater China due to ongoing boycotts is a major headwind.
(You can read the full research report on NIKE >>>)
Other noteworthy reports we are featuring today include PepsiCo, Inc. (PEP), Broadcom Inc. (AVGO) and QUALCOMM Incorporated (QCOM).
Sheraz Mian
Director of Research
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Get the latest research report on BAC - FREE
Get the latest research report on QCOM - FREE
Get the latest research report on NKE - FREE
Get the latest research report on PEP - FREE
Get the latest research report on AVGO - FREE
Get the latest research report on TSLA - FREE