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The Zacks Analyst Blog Highlights Adobe, Deere, American Express, Broadcom and Sony
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For Immediate Release
Chicago, IL – October 16, 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: Adobe Inc. (ADBE - Free Report) , Deere & Co. (DE - Free Report) , American Express Co. (AXP - Free Report) , Broadcom Inc. (AVGO - Free Report) and Sony Group Corp. (SONY - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Adobe, Deere & Co. and AmEx
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 Adobe Inc., Deere & Co. and American Express Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Adobe’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+66.3% vs. +39.4%). The company is benefiting from strong demand for its creative products. Adobe’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Rising subscription revenues and solid momentum across the mobile apps are major positives.
Additionally, growth in emerging markets and robust online video creation demand remain tailwinds. Solid demand for Adobe’s commerce offerings and growing adoption of Acrobat. The Zacks analyst remains optimistic about Adobe’s market position, compelling product lines and continued innovation.
However, the ongoing tensions between Russia and Ukraine remain major headwinds for its Digital Media segment. Also, high acquisition expenses do not bode well for its margin expansion.
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+8.4% vs. +7.1%). The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
However, inflated material and labor costs are anticipated to impact the company's margins. Supply chain challenges also remain a challenge. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds.
Product launches equipped with the latest technology to automate farming will continue to provide Deere with an edge over its competitors. The company is poised to benefit in the long run from rapid growth in the global population and rising worldwide infrastructure needs.
American Express’ shares have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+12.2% vs. +4.9%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues.
Consumer spending on T&E, which carry higher margins for AmEx, is advancing well. Its balance sheet looks strong with manageable debt. Solid cash-generation abilities enable the pursuit of business investments and prudent deployment of capital.
However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins. Marketing and business development expense is expected to rise. A high debt burden induces a rise in interest expenses. As such, the stock warrants a cautious stance.
Other noteworthy reports we are featuring today include Broadcom Inc. and Sony Group 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 Adobe, Deere, American Express, Broadcom and Sony
For Immediate Release
Chicago, IL – October 16, 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: Adobe Inc. (ADBE - Free Report) , Deere & Co. (DE - Free Report) , American Express Co. (AXP - Free Report) , Broadcom Inc. (AVGO - Free Report) and Sony Group Corp. (SONY - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Stock Reports for Adobe, Deere & Co. and AmEx
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 Adobe Inc., Deere & Co. and American Express Co. 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 >>>
Adobe’s shares have outperformed the Zacks Computer - Software industry over the year-to-date period (+66.3% vs. +39.4%). The company is benefiting from strong demand for its creative products. Adobe’s Creative Cloud, Document Cloud and Adobe Experience Cloud products are driving the top-line growth. Rising subscription revenues and solid momentum across the mobile apps are major positives.
Additionally, growth in emerging markets and robust online video creation demand remain tailwinds. Solid demand for Adobe’s commerce offerings and growing adoption of Acrobat. The Zacks analyst remains optimistic about Adobe’s market position, compelling product lines and continued innovation.
However, the ongoing tensions between Russia and Ukraine remain major headwinds for its Digital Media segment. Also, high acquisition expenses do not bode well for its margin expansion.
(You can read the full research report on Adobe here >>>)
Shares of Deere have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+8.4% vs. +7.1%). The company is witnessing solid growth in order levels, which is expected to aid its top-line performance in the forthcoming quarters. Strong replacement demand will continue to boost the company's results. Demand for its construction equipment will likely benefit from anticipated growth in infrastructural investments in the United States.
However, inflated material and labor costs are anticipated to impact the company's margins. Supply chain challenges also remain a challenge. Nonetheless, the company's efforts to improve pricing will somewhat help offset these headwinds.
Product launches equipped with the latest technology to automate farming will continue to provide Deere with an edge over its competitors. The company is poised to benefit in the long run from rapid growth in the global population and rising worldwide infrastructure needs.
(You can read the full research report on Deere here >>>)
American Express’ shares have outperformed the Zacks Financial - Miscellaneous Services industry over the past year (+12.2% vs. +4.9%). The company’s several growth initiatives, such as launching new products, reaching new agreements and forging alliances, are boosting its revenues.
Consumer spending on T&E, which carry higher margins for AmEx, is advancing well. Its balance sheet looks strong with manageable debt. Solid cash-generation abilities enable the pursuit of business investments and prudent deployment of capital.
However, with higher utilization of the firm’s cards, expense in the form of card member services and card member rewards is likely to go up and strain the margins. Marketing and business development expense is expected to rise. A high debt burden induces a rise in interest expenses. As such, the stock warrants a cautious stance.
(You can read the full research report on American Express here >>>)
Other noteworthy reports we are featuring today include Broadcom Inc. and Sony Group 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.