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The Zacks Analyst Blog Highlights Meta, Boeing, IBM, Accenture and Anheuser-Busch
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For Immediate Release
Chicago, IL – June 6, 2023 – 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: Meta Platforms, Inc. (META - Free Report) , The Boeing Company (BA - Free Report) , International Business Machines Corporation (IBM - Free Report) , Accenture plc (ACN - Free Report) and Anheuser-Busch InBev SA/NV (BUD - Free Report)
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Meta Platforms, Boeing & IBM
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 Meta Platforms, Inc., The Boeing Company and International Business Machines Corporation. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Meta Platforms shares have outperformed the Zacks Internet - Software industry over the past year (+40.4% vs. +6.0%), as worries about the company's spending plans have markedly eased. Meta continues to benefit from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its offerings like Instagram, WhatsApp, Messenger, and Facebook has been a major growth driver.
Meta Platforms is leveraging AI to recommend content which is driving traffic in Instagram and Facebook. Its restructuring plan is expected to reduce expenses driving profitability. However, challenging macroeconomic conditions is negatively impacting Meta’s advertising revenues. Unfavorable forex, targeting and measurement headwinds due to Apple’s iOS changes are headwinds. Meta’s second-quarter guidance reflects macroeconomic and forex concerns. The company continues to expect Reality Labs operating losses to increase year-over-year in 2023.
Shares of Boeing have outperformed the Zacks Aerospace - Defense industry over the past year (+53.2% vs. -3.5%). The company remains the largest aircraft manufacturer in the United States, in terms of revenues, orders and deliveries. Lately, the company has been witnessing a solid recovery in its commercial business.
During the first quarter, the company booked 107 net commercial airplane orders. The U.S. government’s inclination toward strengthening the nation’s defense system should also boost Boeing’s growth. The company holds a strong solvency position in the near term.
However, its 737 MAX program remains a cause of concern in China, thereby impacting its expectation of delivery timing and future gradual production rate increases. Boeing continues to incur notable abnormal production cost in relation to production quality issues for 787 jets, which may hurt its future results.
Shares of IBM have declined -2.6% over the past year against the Zacks Computer - Integrated Systems industry’s decline of -4.6%. The company is facing declining trends in the infrastructure vertical which is hurting the top-line growth. Intense competition from other established players like Amazon, Microsoft and Google in cloud services is putting pressure on its margins.
A highly-leveraged balance sheet and integration risk due to frequent acquisition are other concerns. However, IBM is witnessing solid net sales growth in the software segment driven by healthy hybrid cloud adoption and solid demand trends across RedHat, automation, data in AI and security.
Strong foundation of research and innovation, a broad portfolio that caters to various industry requirements and diverse global market presence set it apart from its competitors. The company is poised to benefit from the robust adoption and broad-based availability of IBM Blockchain World Wire, a blockchain driven global payments network.
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 Meta, Boeing, IBM, Accenture and Anheuser-Busch
For Immediate Release
Chicago, IL – June 6, 2023 – 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: Meta Platforms, Inc. (META - Free Report) , The Boeing Company (BA - Free Report) , International Business Machines Corporation (IBM - Free Report) , Accenture plc (ACN - Free Report) and Anheuser-Busch InBev SA/NV (BUD - Free Report)
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for Meta Platforms, Boeing & IBM
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 Meta Platforms, Inc., The Boeing Company and International Business Machines Corporation. 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 >>>
Meta Platforms shares have outperformed the Zacks Internet - Software industry over the past year (+40.4% vs. +6.0%), as worries about the company's spending plans have markedly eased. Meta continues to benefit from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its offerings like Instagram, WhatsApp, Messenger, and Facebook has been a major growth driver.
Meta Platforms is leveraging AI to recommend content which is driving traffic in Instagram and Facebook. Its restructuring plan is expected to reduce expenses driving profitability. However, challenging macroeconomic conditions is negatively impacting Meta’s advertising revenues. Unfavorable forex, targeting and measurement headwinds due to Apple’s iOS changes are headwinds. Meta’s second-quarter guidance reflects macroeconomic and forex concerns. The company continues to expect Reality Labs operating losses to increase year-over-year in 2023.
(You can read the full research report on Meta Platforms here >>>)
Shares of Boeing have outperformed the Zacks Aerospace - Defense industry over the past year (+53.2% vs. -3.5%). The company remains the largest aircraft manufacturer in the United States, in terms of revenues, orders and deliveries. Lately, the company has been witnessing a solid recovery in its commercial business.
During the first quarter, the company booked 107 net commercial airplane orders. The U.S. government’s inclination toward strengthening the nation’s defense system should also boost Boeing’s growth. The company holds a strong solvency position in the near term.
However, its 737 MAX program remains a cause of concern in China, thereby impacting its expectation of delivery timing and future gradual production rate increases. Boeing continues to incur notable abnormal production cost in relation to production quality issues for 787 jets, which may hurt its future results.
(You can read the full research report on Boeing here >>>)
Shares of IBM have declined -2.6% over the past year against the Zacks Computer - Integrated Systems industry’s decline of -4.6%. The company is facing declining trends in the infrastructure vertical which is hurting the top-line growth. Intense competition from other established players like Amazon, Microsoft and Google in cloud services is putting pressure on its margins.
A highly-leveraged balance sheet and integration risk due to frequent acquisition are other concerns. However, IBM is witnessing solid net sales growth in the software segment driven by healthy hybrid cloud adoption and solid demand trends across RedHat, automation, data in AI and security.
Strong foundation of research and innovation, a broad portfolio that caters to various industry requirements and diverse global market presence set it apart from its competitors. The company is poised to benefit from the robust adoption and broad-based availability of IBM Blockchain World Wire, a blockchain driven global payments network.
(You can read the full research report on IBM here >>>)
Other noteworthy reports we are featuring today include Accenture plc (ACN - Free Report) and Anheuser-Busch InBev SA/NV (BUD - Free Report) .
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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.