The Zacks Analyst Blog Highlights: QUALCOMM, Applied Materials, General Motors, Sony and Marathon Petroleum
For Immediate Release
Chicago, IL – May 13, 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: QUALCOMM Incorporated QCOM, Applied Materials, Inc. AMAT, General Motors Company GM, Sony Group Corporation SONY and Marathon Petroleum Corporation MPC.
Here are highlights from Wednesday’s Analyst Blog:
Top Research Reports for Qualcomm, Applied Materials and General Motors
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 Qualcomm, Applied Materials, and General Motors. 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 Qualcomm have outperformed the Zacks Wireless Equipment industry in the last one-year period (+64.5% vs. +56.9%). The Zacks analyst believes that the chip maker is benefiting from robust demand for smartphones globally and its ability to increase the scale of non-handset revenues.
With more than 700 5G designs, Qualcomm is well positioned to benefit from solid 5G traction with greater long-term visibility. Meanwhile, the company is focused on retaining its leadership in the market with innovative product launches. However, aggressive competition from low-cost chip manufacturers is a concern. Also, it is susceptible to risks arising from weaker handset shipments, especially in China.
(You can read the full research report on QUALCOMM here >>>)
Applied Materials shares have gained +62% over the last six months against the Zacks Semiconductor Equipment - Wafer Fabrication industry's gain of +51.3%. The Zacks analyst believes that Applied Materials is driven by strong momentum across Semiconductor Systems and Applied Global Services.
Further, solid demand for silicon in several applications across various markets remains a tailwind. Also, increased customer spending in foundry and logic on the back of rising need for specialty nodes in automotive, power, 5G rollout, IoT, communications and image sensor markets, is a major positive. However, market uncertainties continue to persist. Also, rising competition poses risk to the company's market position.
(You can read the full research report on Applied Materials here >>>)
Shares of General Motors have gained +2.4% in the past three months against the Zacks Domestic Automotive industry's loss of -19.2%. The Zacks analyst believes that General Motors' hot-selling brands like Chevrolet Silverado and Equinox along with upcoming electric vehicle (EV) launches are expected to boost the firm's prospects.
The company's Ultium Drive system and collaborations with Honda and EVgo are likely to scale up its e-mobility prowess. Notably, the firm aims to spend more than $27 billion through 2025 to launch gen-next EVs and self-driving vehicles. However, high product launch costs, R&D expenses and global chip shortage are anticipated to weigh on the firm's 2021 operating income.
(You can read the full research report on General Motors here >>>)
Other noteworthy reports we are featuring today include Sony Group and Marathon Petroleum.
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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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General Motors Company (GM) : Free Stock Analysis Report
Applied Materials, Inc. (AMAT) : Free Stock Analysis Report
QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
Marathon Petroleum Corporation (MPC) : Free Stock Analysis Report
Sony Corporation (SONY) : Free Stock Analysis Report
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