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The Zacks Analyst Blog Highlights Coca-Cola, Alibaba Group, KLA, Mobile Infrastructure and Espey
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For Immediate Release
Chicago, IL – May 30, 2024 – 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: The Coca-Cola Co. (KO - Free Report) , Alibaba Group Holding Ltd. (BABA - Free Report) , KLA Corp. (KLAC - Free Report) , Mobile Infrastructure Corp. (BEEP - Free Report) and Espey Mfg. & Electronics Corp. (ESP - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Coca-Cola, Alibaba and KLA
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 The Coca-Cola Co., Alibaba Group Holding Ltd. and KLA Corp., as well as two micro-cap stocks Mobile Infrastructure Corp. and Espey Mfg. & Electronics Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Coca-Cola shares have outperformed the Zacks Beverages - Soft drinks industry over the year-to-date period (+5.0% vs. +3.4%). The company continues to witness positive business trends as reflected by its robust surprise history. KO's sales and earnings beat estimates for the fifth consecutive quarter in first-quarter 2024.
Earnings and sales also improved year over year. Strong revenue growth across most of its operating segments aided by improved price/mix and unit volume growth boosted the results. It is poised to gain from innovations and accelerating digital investments. It provided an upbeat guidance for 2024.
However, KO witnesses inflationary cost pressures, related to higher commodity and material costs, as well as higher marketing investments.
Shares of Alibaba have gained +2.1% over the year-to-date period against the Zacks Internet - Commerce industry's gain of +14.7%. The company is benefiting from strong momentum across its international business. Solid combined order growth in AIDC's retail businesses and strength in AliExpress' Choice are contributing well.
Growing international commerce wholesale business, thanks to strength in cross-border-related value-added services, is a tailwind. Expanding China's wholesale commerce business remains a major positive. Robust local consumer services and Cainiao logistics services are further driving top-line growth. Strength in Lazada, AliExpress and Trendyol is expected to continue benefiting Alibaba's international business.
However, rising expenses related to new initiatives are a concern. Macroeconomic uncertainties and unfavorable foreign exchange fluctuations remain risks.
KLA's shares have outperformed the Zacks Electronics - Miscellaneous Products industry over the year-to-date period (+34.1% vs. +17.9%). The company is benefiting from strong performance of the wafer inspection business owing to rising demand for advanced wafer inspection applications in leading-edge technology development.
Growing adoption of KLA's 8900 series platform for high throughput macro inspection, increased demand in the legacy node and advanced packaging categories made the platform one of the best performing product lines in its optical inspection portfolio in 2023.
Growing investments across multiple nodes, and rising capital intensity in Foundry & Logic are driving the top-line growth. KLA's emphasis on integration of AI into its solutions has driven its outperformance in the semiconductor market.
However, weakness in the PCB, Display and Component Inspection remains a headwind. Softness in memory and leading-edge, logic and foundry investments has been a concern.
Shares of Mobile Infrastructure have underperformed the Zacks Real Estate - Operations industry over the year-to-date period (-15.6% vs. -1.2%). This microcap company with market capitalization of $105.06 million is facing high debt levels, thus interest rate sensitivity poses a major risk. Limited revenue diversification, intense competition, seasonal variability, regulatory risks and work-from-home trends persist.
Nevertheless, Mobile Infrastructure owns a diverse portfolio of 42 parking assets in 21 major U.S. markets, ensuring steady demand and stable revenue streams. The portfolio, valued at $520 million in 2022, saw an 11.9% increase in net operating income (NOI).
The first quarter of 2024 revenue uptick was driven by organic growth and converting 26 assets to management contracts, improving operating efficiency. Increased utilization across key markets, advanced technology and proprietary analytics enhance pricing and demand. Financially stable with $13.9 million in cash and $192.1 million in debt, the company has a $300 million acquisition pipeline.
Espey's shares have outperformed the Zacks Electronics - Military industry over the year-to-date period (+14.6% vs. +7.7%). This microcap company with market capitalization of $57.69 million is well positioned in the defense electronics market, Espey benefits from increasing demand for advanced systems. Its vertical integration allows high-quality production and flexibility.
Innovation is driven by a $7.4 million U.S. Navy award for facility upgrades. However, competitive pressures, dependence on government contracts, declining net sales and stringent regulatory requirements pose potential risks.
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% 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 Coca-Cola, Alibaba Group, KLA, Mobile Infrastructure and Espey
For Immediate Release
Chicago, IL – May 30, 2024 – 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: The Coca-Cola Co. (KO - Free Report) , Alibaba Group Holding Ltd. (BABA - Free Report) , KLA Corp. (KLAC - Free Report) , Mobile Infrastructure Corp. (BEEP - Free Report) and Espey Mfg. & Electronics Corp. (ESP - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Coca-Cola, Alibaba and KLA
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 The Coca-Cola Co., Alibaba Group Holding Ltd. and KLA Corp., as well as two micro-cap stocks Mobile Infrastructure Corp. and Espey Mfg. & Electronics Corp. The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
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 >>>
Coca-Cola shares have outperformed the Zacks Beverages - Soft drinks industry over the year-to-date period (+5.0% vs. +3.4%). The company continues to witness positive business trends as reflected by its robust surprise history. KO's sales and earnings beat estimates for the fifth consecutive quarter in first-quarter 2024.
Earnings and sales also improved year over year. Strong revenue growth across most of its operating segments aided by improved price/mix and unit volume growth boosted the results. It is poised to gain from innovations and accelerating digital investments. It provided an upbeat guidance for 2024.
However, KO witnesses inflationary cost pressures, related to higher commodity and material costs, as well as higher marketing investments.
(You can read the full research report on Coca-Cola here >>>)
Shares of Alibaba have gained +2.1% over the year-to-date period against the Zacks Internet - Commerce industry's gain of +14.7%. The company is benefiting from strong momentum across its international business. Solid combined order growth in AIDC's retail businesses and strength in AliExpress' Choice are contributing well.
Growing international commerce wholesale business, thanks to strength in cross-border-related value-added services, is a tailwind. Expanding China's wholesale commerce business remains a major positive. Robust local consumer services and Cainiao logistics services are further driving top-line growth. Strength in Lazada, AliExpress and Trendyol is expected to continue benefiting Alibaba's international business.
However, rising expenses related to new initiatives are a concern. Macroeconomic uncertainties and unfavorable foreign exchange fluctuations remain risks.
(You can read the full research report on Alibaba here >>>)
KLA's shares have outperformed the Zacks Electronics - Miscellaneous Products industry over the year-to-date period (+34.1% vs. +17.9%). The company is benefiting from strong performance of the wafer inspection business owing to rising demand for advanced wafer inspection applications in leading-edge technology development.
Growing adoption of KLA's 8900 series platform for high throughput macro inspection, increased demand in the legacy node and advanced packaging categories made the platform one of the best performing product lines in its optical inspection portfolio in 2023.
Growing investments across multiple nodes, and rising capital intensity in Foundry & Logic are driving the top-line growth. KLA's emphasis on integration of AI into its solutions has driven its outperformance in the semiconductor market.
However, weakness in the PCB, Display and Component Inspection remains a headwind. Softness in memory and leading-edge, logic and foundry investments has been a concern.
(You can read the full research report on KLA here >>>)
Shares of Mobile Infrastructure have underperformed the Zacks Real Estate - Operations industry over the year-to-date period (-15.6% vs. -1.2%). This microcap company with market capitalization of $105.06 million is facing high debt levels, thus interest rate sensitivity poses a major risk. Limited revenue diversification, intense competition, seasonal variability, regulatory risks and work-from-home trends persist.
Nevertheless, Mobile Infrastructure owns a diverse portfolio of 42 parking assets in 21 major U.S. markets, ensuring steady demand and stable revenue streams. The portfolio, valued at $520 million in 2022, saw an 11.9% increase in net operating income (NOI).
The first quarter of 2024 revenue uptick was driven by organic growth and converting 26 assets to management contracts, improving operating efficiency. Increased utilization across key markets, advanced technology and proprietary analytics enhance pricing and demand. Financially stable with $13.9 million in cash and $192.1 million in debt, the company has a $300 million acquisition pipeline.
(You can read the full research report on Mobile Infrastructure here >>>)
Espey's shares have outperformed the Zacks Electronics - Military industry over the year-to-date period (+14.6% vs. +7.7%). This microcap company with market capitalization of $57.69 million is well positioned in the defense electronics market, Espey benefits from increasing demand for advanced systems. Its vertical integration allows high-quality production and flexibility.
Innovation is driven by a $7.4 million U.S. Navy award for facility upgrades. However, competitive pressures, dependence on government contracts, declining net sales and stringent regulatory requirements pose potential risks.
(You can read the full research report on Espey here >>>)
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% 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.