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The Zacks Analyst Blog Highlights Alphabet, Sanofi, Mondelez International, Uber Technologies and Airbnb
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For Immediate Release
Chicago, IL – October 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: Alphabet Inc. (GOOGL - Free Report) , Sanofi (SNY - Free Report) , Mondelez International, Inc. (MDLZ - Free Report) , Uber Technologies, Inc. (UBER - Free Report) and Airbnb, Inc. (ABNB - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for Alphabet, Sanofi and Modelez International
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 Alphabet Inc., Sanofi and Mondelez International, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Alphabet have outperformed the Zacks Internet - Services industry over the year-to-date period (+53.3% vs. +50.9%). The company’s strong cloud division is aiding substantial revenue growth. Moreover, expanding data centers will continue to bolster its presence in the cloud space.
Further, major updates in its search segment are enhancing the search results. Also, strong focus on innovation of AI techniques and the home automation space should aid business growth in the long term. Further, its deepening focus on its wearables category remains a tailwind. Alphabet’s expanding presence in the autonomous driving space is contributing well.
Its growing efforts to gain a foothold in the healthcare industry can be considered other positives. However, sluggishness in the company’s Network advertisement business remains a headwind. Additionally, its growing litigation issues and increasing expenses are concerns.
Sanofi’s shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the year-to-date period (+14.2% vs. +4.9%). The company beat Q2 estimates for earnings but missed the same for sales. Sanofi’s Specialty Care unit is on strong footing, particularly with the outstanding growth trajectory of Dupixent, which has become the key top-line driver for Sanofi.
Dupixent enjoys strong demand trends across all approved indications and geographies. Sanofi possesses a leading vaccine portfolio, which has become the primary top-line driver. Its R&D pipeline is strong. Several data readouts are expected in 2023.
The company has also launched several new drugs in the past couple of years and is expanding its pipeline through M&A deals. However, headwinds include the weak performance of diabetes drugs and recent negative pipeline developments.
Shares of Mondelez International have outperformed the Zacks Food - Miscellaneous industry over the year-to-date period (+4.8% vs. -14.9%). The company has been benefiting from strength in emerging markets and its core chocolate and biscuit categories. It has also been focused on strengthening areas with higher growth potential via prudent acquisitions (like Clif Bar and Ricolino) and divestitures.
These upsides, together with pricing actions, fueled second-quarter 2023 results, wherein the top and bottom lines increased year over year and surpassed the Zacks Consensus Estimate. Backed by the stellar year-to-date performance, management raised its 2023 organic net revenue and earnings guidance.
However, Mondelez has been battling challenges related to global cost inflation. The company continues to anticipate double-digit inflation in 2023 stemming from continued elevated costs of packaging, ingredients and labor.
Other noteworthy reports we are featuring today include Uber Technologies, Inc. and Airbnb, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
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 Alphabet, Sanofi, Mondelez International, Uber Technologies and Airbnb
For Immediate Release
Chicago, IL – October 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: Alphabet Inc. (GOOGL - Free Report) , Sanofi (SNY - Free Report) , Mondelez International, Inc. (MDLZ - Free Report) , Uber Technologies, Inc. (UBER - Free Report) and Airbnb, Inc. (ABNB - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for Alphabet, Sanofi and Modelez International
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 Alphabet Inc., Sanofi and Mondelez International, Inc. 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 Alphabet have outperformed the Zacks Internet - Services industry over the year-to-date period (+53.3% vs. +50.9%). The company’s strong cloud division is aiding substantial revenue growth. Moreover, expanding data centers will continue to bolster its presence in the cloud space.
Further, major updates in its search segment are enhancing the search results. Also, strong focus on innovation of AI techniques and the home automation space should aid business growth in the long term. Further, its deepening focus on its wearables category remains a tailwind. Alphabet’s expanding presence in the autonomous driving space is contributing well.
Its growing efforts to gain a foothold in the healthcare industry can be considered other positives. However, sluggishness in the company’s Network advertisement business remains a headwind. Additionally, its growing litigation issues and increasing expenses are concerns.
(You can read the full research report on Alphabet here >>>)
Sanofi’s shares have outperformed the Zacks Large Cap Pharmaceuticals industry over the year-to-date period (+14.2% vs. +4.9%). The company beat Q2 estimates for earnings but missed the same for sales. Sanofi’s Specialty Care unit is on strong footing, particularly with the outstanding growth trajectory of Dupixent, which has become the key top-line driver for Sanofi.
Dupixent enjoys strong demand trends across all approved indications and geographies. Sanofi possesses a leading vaccine portfolio, which has become the primary top-line driver. Its R&D pipeline is strong. Several data readouts are expected in 2023.
The company has also launched several new drugs in the past couple of years and is expanding its pipeline through M&A deals. However, headwinds include the weak performance of diabetes drugs and recent negative pipeline developments.
(You can read the full research report on Sanofi here >>>)
Shares of Mondelez International have outperformed the Zacks Food - Miscellaneous industry over the year-to-date period (+4.8% vs. -14.9%). The company has been benefiting from strength in emerging markets and its core chocolate and biscuit categories. It has also been focused on strengthening areas with higher growth potential via prudent acquisitions (like Clif Bar and Ricolino) and divestitures.
These upsides, together with pricing actions, fueled second-quarter 2023 results, wherein the top and bottom lines increased year over year and surpassed the Zacks Consensus Estimate. Backed by the stellar year-to-date performance, management raised its 2023 organic net revenue and earnings guidance.
However, Mondelez has been battling challenges related to global cost inflation. The company continues to anticipate double-digit inflation in 2023 stemming from continued elevated costs of packaging, ingredients and labor.
(You can read the full research report on Mondelez International here >>>)
Other noteworthy reports we are featuring today include Uber Technologies, Inc. and Airbnb, Inc.
Why Haven’t You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +6.2 average gain per year. Amazingly, they soared with average gains of +46.4%, +49.5% and +55.2% per year. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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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.