Friday, November 17, 2023

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. (AMZN), Deere & Company (DE) and Citigroup Inc. (C). 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 shares have outperformed the Zacks Internet - Commerce industry over the past year (+51.7% vs. +37.0%). The Zacks analyst believes that the company is gaining from strong Prime momentum owing to ultrafast delivery services, strong content portfolio and strengthening relationship with third-party sellers. Expanding AWS services portfolio, robust Alexa skills and the company’s strong global presence remain as major tailwinds.

Yet, inflationary pressure, geopolitical tensions and foreign currency headwinds remain concerns.

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

Deere shares have outperformed the Zacks Manufacturing – Farm Equipment industry over the past six months (+2.2% vs. -70.6%). The Zacks analyst believes that growing infrastructural investments in the United States are likely to push the demand for construction equipment up, alongside raising strong replacement demand.

Product launches equipped with the latest technology to make farming automated and the company's efforts to improve pricing will continue to provide Deere with an edge over its competitors.

However, inflated material, labor costs and supply chain challenges are anticipated to impact the company's margins.

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

Shares of Citigroup have underperformed the Zacks Banks – Major Regional industry over the past two years (-33.4% vs. -24.8%). Per the Zacks analyst, rising operating expenses due to investments and transformations are likely to limit Citigroup’s bottom-line growth. Rising funding costs and the fee income volatility remain major headwinds.

However, the company has benefitted from growth in core businesses by streamlining its operations internationally. Decent liquidity and capital distribution activities have also enhanced shareholder value.

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

Other noteworthy reports we are featuring today include Eaton Corporation plc (ETN), MercadoLibre, Inc. (MELI) and The Sherwin-Williams Company (SHW).

Director of Research

Sheraz Mian

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>>>