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The Zacks Analyst Blog Highlights: Tesla, Bank of America, Nike, PepsiCo and Qualcomm
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For Immediate Release
Chicago, IL – August 10, 2021 – 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: Tesla, Inc. (TSLA - Free Report) , Bank of America Corp. (BAC - Free Report) , Nike, Inc. (NKE - Free Report) , PepsiCo, Inc. (PEP - Free Report) and Qualcomm, Inc. (QCOM - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Research Reports for Tesla, Bank of America and Nike
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, Bank of America and Nike. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
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 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.
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.
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 expenses as sporting events returned, partly hurt the results. A slowdown in Greater China due to ongoing boycotts is a major headwind.
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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Tesla, Bank of America, Nike, PepsiCo and Qualcomm
For Immediate Release
Chicago, IL – August 10, 2021 – 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: Tesla, Inc. (TSLA - Free Report) , Bank of America Corp. (BAC - Free Report) , Nike, Inc. (NKE - Free Report) , PepsiCo, Inc. (PEP - Free Report) and Qualcomm, Inc. (QCOM - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Research Reports for Tesla, Bank of America and Nike
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, Bank of America and Nike. 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 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 expenses 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 and Qualcomm.
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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 S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.