Thursday, February 3, 2022

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 Corporation (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 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), EOG Resources, Inc. (EOG) and Vertex Pharmaceuticals Incorporated (VRTX).

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>>>