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The Zacks Analyst Blog Highlights Amazon, Boston Scientific, Shopify and Cooper-Standard

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For Immediate Release

Chicago, IL – August 19, 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: Amazon.com, Inc. (AMZN - Free Report) , Boston Scientific Corp. (BSX - Free Report) , Shopify Inc. (SHOP - Free Report) and Cooper-Standard Holdings Inc. (CPS - Free Report) .

Here are highlights from Friday’s Analyst Blog:

Top Research Reports for Amazon, Boston Scientific and Shopify

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 Amazon.com, Inc., Boston Scientific Corp. and Shopify Inc., as well as a micro-cap stock, Cooper-Standard Holdings Inc. These research reports have been hand-picked from roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Amazon shares have outperformed the Zacks Internet - Commerce industry over the past year (+32.6% vs. +22.5%). The Zacks analyst believes that strengthening AWS services portfolio and its growing adoption rate, ultrafast delivery services and expanding content portfolio have aided Amazon’s growth. The company’s expanding global presence remains a positive. Growing capabilities in grocery, pharmacy, healthcare and autonomous driving are other positives.

Yet, macroeconomic challenges and foreign exchange headwinds remain concerns.

(You can read the full research report on Amazon here >>>)

Boston Scientific shares have outperformed the Zacks Medical - Products industry over the past year (+52.3% vs. +10.1%). The Zacks analyst believes that strong worldwide demand for the company’s electrophysiology and structural heart lines, traction in the United States and outside for its the next generation WATCHMAN FLX and FLX Pro, as well as contribution from accretive acquisitions have remained important drivers of growth.

However, mounting costs due to worldwide geopolitical issues are major concerns. FX headwinds continue to largely offset the company’s performance.

(You can read the full research report on Boston Scientific here >>>)

Shares of Shopify have outperformed the Zacks Internet - Services industry over the last two years (+100.6% vs. +34.5%). Per the Zacks analyst, strong adoption of new merchant-friendly solutions like Bill Pay, Tax Platform and Collective holds promise for Shopify’s prospects. Expansion of back-office merchant solutions to more countries is also strengthening Shopify’s international footprint.

Yet, raging inflation and cautious consumer spending remain headwinds.

(You can read the full research report on Shopify here >>>)

Cooper-Standard’s shares have outperformed the Zacks Automotive – Original Equipment industry over the last six months (-4.4% vs. -15.4%). The Zacks analyst believes that cost savings, lean initiatives and a structural shift to a product-line management have aided the company.

However, the company faces challenges like declining operational cash flow, high debt leverage, and exposure to foreign exchange and commodity price risks.

(You can read the full research report on Cooper-Standard here >>>)

Other noteworthy reports we are featuring today include TotalEnergies SE, Cadence Design Systems, Inc. and General Motors Company

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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.

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