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The Zacks Analyst Blog Highlights NVIDIA, Procter & Gamble, NextEra Energy, Goldman Sachs and Prologis
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For Immediate Release
Chicago, IL – October 17, 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: NVIDIA Corp. (NVDA - Free Report) , The Procter & Gamble Co. (PG - Free Report) , NextEra Energy, Inc. (NEE - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) and Prologis, Inc. (PLD - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for NVIDIA, Procter & Gamble and NextEra Energy
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 NVIDIA Corp., The Procter & Gamble Co. and NextEra Energy, Inc. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
NVIDIA shares have outperformed the Zacks Semiconductor - General industry over the past year (+285.4% vs. +152.9%), a huge outperformance relative the S&P 500 index's +18.1% gain. The Zacks analyst believes that strong growth from artificial intelligence (AI), high-performance computing and accelerated computing is boosting its Compute & Networking revenues. Large language models using GPUs based on NVIDIA Hopper and Ampere architectures, rising demand for generative AI and surge in Hyperscale demand also aid its growth.
Continued momentum in the small and medium businesses and frontline worker offerings have driven the top-line growth. However, the company’s near-term prospects are likely to be hurt by weakening demand for chips used in the professional visualization end market.
Procter & Gamble shares have outperformed the Zacks Consumer Staples – Soap and Cleaning Materials industry over the past year (+13.6% vs. +10.2%). The Zacks analyst believes that the company is benefiting from a growth in its organic sales, driven by robust pricing and a favorable mix, along with strength across segments. Focus on productivity and cost-saving plans to boost margins have also helped. Rapid adoption of cloud-based solutions, continued deal wins in international markets, and acquisition of Slack have positioned the company as a market leader.
Yet, supply-chain issues, higher SG&A costs, higher transportation costs, geopolitical challenges, currency headwinds and rising inflation have plagued the company. It’s large global presence has also meant that it has been affected by the global macroeconomic goings on.
Shares of NextEra Energy have underperformed the Zacks Utility – Electric Power industry over the past year (-26% vs. -8.2%). Per the Zacks analyst, the company’s nature of business has exposed it to complex regulations. Also, risks in operating nuclear units, unfavorable weather conditions and increasing supply costs adversely impact earnings.
However, with numerous projects in its backlog and the merger between Gulf Power and FPL have strengthened NextEra’s position in the area. Also, the company has ample liquidity to pay off its debt obligations while growing exponentially through acquisitions.
Other noteworthy reports we are featuring today The Goldman Sachs Group, Inc. and Prologis, 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 NVIDIA, Procter & Gamble, NextEra Energy, Goldman Sachs and Prologis
For Immediate Release
Chicago, IL – October 17, 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: NVIDIA Corp. (NVDA - Free Report) , The Procter & Gamble Co. (PG - Free Report) , NextEra Energy, Inc. (NEE - Free Report) , The Goldman Sachs Group, Inc. (GS - Free Report) and Prologis, Inc. (PLD - Free Report) .
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for NVIDIA, Procter & Gamble and NextEra Energy
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 NVIDIA Corp., The Procter & Gamble Co. and NextEra Energy, 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 >>>
NVIDIA shares have outperformed the Zacks Semiconductor - General industry over the past year (+285.4% vs. +152.9%), a huge outperformance relative the S&P 500 index's +18.1% gain. The Zacks analyst believes that strong growth from artificial intelligence (AI), high-performance computing and accelerated computing is boosting its Compute & Networking revenues. Large language models using GPUs based on NVIDIA Hopper and Ampere architectures, rising demand for generative AI and surge in Hyperscale demand also aid its growth.
Continued momentum in the small and medium businesses and frontline worker offerings have driven the top-line growth. However, the company’s near-term prospects are likely to be hurt by weakening demand for chips used in the professional visualization end market.
(You can read the full research report on NVIDIA here >>>)
Procter & Gamble shares have outperformed the Zacks Consumer Staples – Soap and Cleaning Materials industry over the past year (+13.6% vs. +10.2%). The Zacks analyst believes that the company is benefiting from a growth in its organic sales, driven by robust pricing and a favorable mix, along with strength across segments. Focus on productivity and cost-saving plans to boost margins have also helped. Rapid adoption of cloud-based solutions, continued deal wins in international markets, and acquisition of Slack have positioned the company as a market leader.
Yet, supply-chain issues, higher SG&A costs, higher transportation costs, geopolitical challenges, currency headwinds and rising inflation have plagued the company. It’s large global presence has also meant that it has been affected by the global macroeconomic goings on.
(You can read the full research report on Procter & Gamble here >>>)
Shares of NextEra Energy have underperformed the Zacks Utility – Electric Power industry over the past year (-26% vs. -8.2%). Per the Zacks analyst, the company’s nature of business has exposed it to complex regulations. Also, risks in operating nuclear units, unfavorable weather conditions and increasing supply costs adversely impact earnings.
However, with numerous projects in its backlog and the merger between Gulf Power and FPL have strengthened NextEra’s position in the area. Also, the company has ample liquidity to pay off its debt obligations while growing exponentially through acquisitions.
(You can read the full research report on NextEra Energy here >>>)
Other noteworthy reports we are featuring today The Goldman Sachs Group, Inc. and Prologis, 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.