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The Zacks Analyst Blog Highlights Tesla, Salesforce, McDonald's, Starbucks and Lockheed Martin
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For Immediate Release
Chicago, IL – October 9, 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: Tesla, Inc. (TSLA - Free Report) , Salesforce, Inc. (CRM - Free Report) , McDonald's Corp. (MCD - Free Report) , Starbucks Corp. (SBUX - Free Report) and Lockheed Martin Corp. (LMT - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Tesla, Salesforce and McDonald's
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, Inc., Salesforce, Inc., and McDonald's Corp. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Tesla's shares have outperformed the Zacks Automotive - Domestic industry over the past six months (+40.5% vs. +26.2%). The electric vehicle (EV) giant witnessed record production, deliveries and revenues in the last reported quarter.
Production ramp-up at Gigafactory 4 (in Berlin) and 5 (in Austin) and the introduction of new models, including Semi and Cybertruck, are set to support long-term delivery growth. Additionally, Tesla's energy generation and storage revenue outlook is promising. Falling debt levels and the solid potential of its charging business are other positives.
However, shrinking margins remain a near-term concern, we expect Tesla to deliver outsized returns in the long run on the back of output ramp-up and the introduction of new models.
Shares of Salesforce have outperformed the Zacks Computer - Software industry over the year-to-date period (+52.4% vs. +34.7%). The company is benefiting from a robust demand environment as customers are undergoing a major digital transformation. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line.
Continued deal wins in the international market is another growth driver. The acquisition of Slack has positioned the company as a leader in enterprise team collaboration solution space and placed at a better competitive position against Microsoft's Teams product.
However, stiff competition and unfavorable currency fluctuations are concerns. Besides, challenging macroeconomic environment might hurt its growth prospects in the near-term.
McDonald's shares have outperformed the Zacks Retail - Restaurants industry over the past year (+10.6% vs. +9.6%). The company is benefiting from its strong comparable restaurant sales growth, digital initiatives, campaigns and loyalty programs.
During the second quarter of 2023, digital dales (from the top six markets) came in at $8 billion, contributing 40% to the company's system-wide sales. Given a rise in digital adoption, the company remains optimistic and anticipates the initiatives to drive sales and average checks in the upcoming periods. Also, its focus on marketing efforts and pricing strategies bodes well.
Earnings estimates for 2023 have increased in the past 60 days, depicting analysts' optimism about the stock's growth potential. However, inflationary pressures and stiff competition are primary headwinds.
Other noteworthy reports we are featuring today include Starbucks Corp. and Lockheed Martin Corp.
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 Tesla, Salesforce, McDonald's, Starbucks and Lockheed Martin
For Immediate Release
Chicago, IL – October 9, 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: Tesla, Inc. (TSLA - Free Report) , Salesforce, Inc. (CRM - Free Report) , McDonald's Corp. (MCD - Free Report) , Starbucks Corp. (SBUX - Free Report) and Lockheed Martin Corp. (LMT - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Tesla, Salesforce and McDonald's
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, Inc., Salesforce, Inc., and McDonald's Corp. 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 >>>
Tesla's shares have outperformed the Zacks Automotive - Domestic industry over the past six months (+40.5% vs. +26.2%). The electric vehicle (EV) giant witnessed record production, deliveries and revenues in the last reported quarter.
Production ramp-up at Gigafactory 4 (in Berlin) and 5 (in Austin) and the introduction of new models, including Semi and Cybertruck, are set to support long-term delivery growth. Additionally, Tesla's energy generation and storage revenue outlook is promising. Falling debt levels and the solid potential of its charging business are other positives.
However, shrinking margins remain a near-term concern, we expect Tesla to deliver outsized returns in the long run on the back of output ramp-up and the introduction of new models.
(You can read the full research report on Tesla here >>>)
Shares of Salesforce have outperformed the Zacks Computer - Software industry over the year-to-date period (+52.4% vs. +34.7%). The company is benefiting from a robust demand environment as customers are undergoing a major digital transformation. Its sustained focus on introducing more aligned products as per customer needs is driving its top-line.
Continued deal wins in the international market is another growth driver. The acquisition of Slack has positioned the company as a leader in enterprise team collaboration solution space and placed at a better competitive position against Microsoft's Teams product.
However, stiff competition and unfavorable currency fluctuations are concerns. Besides, challenging macroeconomic environment might hurt its growth prospects in the near-term.
(You can read the full research report on Salesforce here >>>)
McDonald's shares have outperformed the Zacks Retail - Restaurants industry over the past year (+10.6% vs. +9.6%). The company is benefiting from its strong comparable restaurant sales growth, digital initiatives, campaigns and loyalty programs.
During the second quarter of 2023, digital dales (from the top six markets) came in at $8 billion, contributing 40% to the company's system-wide sales. Given a rise in digital adoption, the company remains optimistic and anticipates the initiatives to drive sales and average checks in the upcoming periods. Also, its focus on marketing efforts and pricing strategies bodes well.
Earnings estimates for 2023 have increased in the past 60 days, depicting analysts' optimism about the stock's growth potential. However, inflationary pressures and stiff competition are primary headwinds.
(You can read the full research report on McDonald's here >>>)
Other noteworthy reports we are featuring today include Starbucks Corp. and Lockheed Martin Corp.
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.