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The Zacks Analyst Blog Highlights Apple, Microsoft and Intel
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For Immediate Release
Chicago, IL – March 8, 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: Apple (AAPL - Free Report) , Microsoft (MSFT - Free Report) and Intel (INTC - Free Report) .
Here are highlights from Monday’s Analyst Blog:
More Big Tech Companies Exit Russia on U.S. Sanctions
Over the past week, several big tech companies, including Apple, Microsoft and Intel, announced exiting the Russian market. Their move is in the wake of the U.S. government’s Mar 24 announcement of cutting off the direct technological export to Russia as part of a series of economic and financial sanctions imposed on the country for initiating a military attack on Ukraine.
Ukraine, which was part of the Union of Soviet Socialist Republics, got independence in 1991. However, its continuously growing ties with Western Europe and the United States have not been going well with Russia. After months of growing tensions and military buildup across the border, Kremlin forces invaded Ukraine on Feb 21.
The ongoing war between Ukraine and Russia has resulted in market turmoil. The Dow Jones, the Nasdaq Composite and the S&P 500 indexes have declined 1.4%, 1.7% and 0.5%, respectively, in the past two weeks
This unprovoked and unwarranted attack on Ukraine has led to extreme criticism worldwide against Russia. Though the United States, the United Kingdom and the European Union have restrained themselves from taking any military actions, they have imposed economic and financial sanctions on Russia so that the Kremlin pays a hefty price for its unprovoked attack on Ukraine.
U.S.-based tech companies have also expressed support for Ukraine and have stopped selling products as well as abandoned their ongoing and future projects in Russia. The iPhone and MacBook maker, Apple, was among the early tech companies that announced ceasing their operations in the country.
On Mar 1, AAPL announced that it will suspend its product sales in Russia. The company also said that it is halting all online transactions and exports to its partners in Russia. This also includes limiting Apple Pay transactions in the country. The stock is down 2.5% in the past two weeks.
On Mar 3, the world’s leading chip maker, Intel, announced that it condemns Russian troops’ invasion of Ukraine and has suspended all shipments to customers in Russia and Belarus. The company stated that it will continue to support all its employees, who have close ties in the region during this difficult situation.
The company has launched an employee donation and matching campaign through its Intel Foundation. The foundation has already raised more than $1.2 million for relief efforts and is working across Poland, Germany and Romania to aid refugees. Shares of Intel have increased 6.7% in the last two weeks.
The maker of the Windows operating system, Microsoft, has also joined the chorus of U.S.-based tech companies that will temporarily stop business in Russia after its invasion of Ukraine. The company, on Mar 4, announced suspending sales of its products and services in Russia, in compliance with the U.S., European Union and U.K. sanctions.
Additionally, Microsoft pledged to beef up its cybersecurity in Ukraine and work proactively to help government officials in the country to defend against Russian attacks. The company is also working with the International Committee of the Red Cross and multiple UN agencies to provide technological and financial support to refugees. MSFT stock has gained 0.7% over the past two weeks.
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
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 Apple, Microsoft and Intel
For Immediate Release
Chicago, IL – March 8, 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: Apple (AAPL - Free Report) , Microsoft (MSFT - Free Report) and Intel (INTC - Free Report) .
Here are highlights from Monday’s Analyst Blog:
More Big Tech Companies Exit Russia on U.S. Sanctions
Over the past week, several big tech companies, including Apple, Microsoft and Intel, announced exiting the Russian market. Their move is in the wake of the U.S. government’s Mar 24 announcement of cutting off the direct technological export to Russia as part of a series of economic and financial sanctions imposed on the country for initiating a military attack on Ukraine.
Ukraine, which was part of the Union of Soviet Socialist Republics, got independence in 1991. However, its continuously growing ties with Western Europe and the United States have not been going well with Russia. After months of growing tensions and military buildup across the border, Kremlin forces invaded Ukraine on Feb 21.
The ongoing war between Ukraine and Russia has resulted in market turmoil. The Dow Jones, the Nasdaq Composite and the S&P 500 indexes have declined 1.4%, 1.7% and 0.5%, respectively, in the past two weeks
This unprovoked and unwarranted attack on Ukraine has led to extreme criticism worldwide against Russia. Though the United States, the United Kingdom and the European Union have restrained themselves from taking any military actions, they have imposed economic and financial sanctions on Russia so that the Kremlin pays a hefty price for its unprovoked attack on Ukraine.
U.S.-based tech companies have also expressed support for Ukraine and have stopped selling products as well as abandoned their ongoing and future projects in Russia. The iPhone and MacBook maker, Apple, was among the early tech companies that announced ceasing their operations in the country.
On Mar 1, AAPL announced that it will suspend its product sales in Russia. The company also said that it is halting all online transactions and exports to its partners in Russia. This also includes limiting Apple Pay transactions in the country. The stock is down 2.5% in the past two weeks.
On Mar 3, the world’s leading chip maker, Intel, announced that it condemns Russian troops’ invasion of Ukraine and has suspended all shipments to customers in Russia and Belarus. The company stated that it will continue to support all its employees, who have close ties in the region during this difficult situation.
The company has launched an employee donation and matching campaign through its Intel Foundation. The foundation has already raised more than $1.2 million for relief efforts and is working across Poland, Germany and Romania to aid refugees. Shares of Intel have increased 6.7% in the last two weeks.
The maker of the Windows operating system, Microsoft, has also joined the chorus of U.S.-based tech companies that will temporarily stop business in Russia after its invasion of Ukraine. The company, on Mar 4, announced suspending sales of its products and services in Russia, in compliance with the U.S., European Union and U.K. sanctions.
Additionally, Microsoft pledged to beef up its cybersecurity in Ukraine and work proactively to help government officials in the country to defend against Russian attacks. The company is also working with the International Committee of the Red Cross and multiple UN agencies to provide technological and financial support to refugees. MSFT stock has gained 0.7% over the past two weeks.
While Apple currently sports a Zacks Rank #1 (Strong Buy), Intel and Microsoft each carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
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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.