The Zacks Analyst Blog Highlights: NVIDIA, Bank of America, McDonald's, Sony and American Express
For Immediate Release
Chicago, IL – April 9, 2021 – 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 Corporation NVDA, Bank of America Corporation BAC, and McDonald's Corporation MCD, Sony Group Corporation SONY and American Express Company AXP.
Here are highlights from Thursday’s Analyst Blog:
Top Research Reports for NVIDIA, Bank of America 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 NVIDIA, Bank of America, and McDonald's. 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 >>>
Shares of NVIDIA have outperformed the Zacks General Semiconductor industry over the past year (+118% vs. +63.3%) on the back of the company's emergence as a force to be reckoned with in all the major growth markets within the broader chip space.
It is also benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Moreover, a surge in Hyperscale demand remains a tailwind for the company’s Data Center business. Expansion of NVIDIA GeForce NOW is expected to drive user base.
Additionally, collaboration with Daimler-owned Mercedes-Benz is expected to further strengthen NVIDIA’s presence in the autonomous vehicles and other automotive electronics space. However, management expects COVID-19 pandemic to negatively impact near-term revenues.
(You can read the full research report on NVIDIA here >>>)
Bank of America shares have gained +55.8% over the last six months against the Zacks Major Regional Banks industry’s gain of +52.7%. The Zacks analyst believes that opening of new branches, improvement in digital offerings and efforts to manage expenses are expected to aid the company's profitability in the quarters ahead.
A strong balance sheet and liquidity position are expected to continue aiding its financials. The company will likely continue to enhance shareholder value through sustained capital deployments.
However, near-zero interest rates and no near-term chance of any change in the same are expected to keep hurting the bank’s margins and interest income to an extent. Further, the company's high dependence on the volatile nature of the capital markets to generate fee income makes us apprehensive.
(You can read the full research report on Bank of America here >>>)
Shares of McDonald's have gained +7.6% in the past three months against the Zacks Restaurants industry’s gain of +8.4%. The Zacks analyst believes that the company’s increased focus on drive-thru, delivery & take-away is likely to benefit the company going forward.
In order to boost its digital offerings across drive thru, takeaway, delivery, curbside pick-up and dine-in categories, the company is currently working on a new digital experience growth engine “MyMcDonald’s”.
Additionally, the company is making every effort to drive growth in international markets as well. Although the company has reopened most of its restaurants, it is likely to witness dismal traffic due the social distancing protocols.
(You can read the full research report on McDonald's here >>>)
Other noteworthy reports we are featuring today include Sony Group and American Express.
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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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NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Sony Corporation (SONY) : Free Stock Analysis Report
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