The Zacks Analyst Blog Highlights: General Motors, Alphabet, Intel And BlackBerry
Zacks Investment Research | Feb 21, 2019 08:31PM ET
For Immediate Release
Chicago, IL –February 22, 2019 – 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: General Motors Company (NYSE:GM) , Alphabet Inc. (NASDAQ:GOOGL) , Intel Corporation (NASDAQ:INTC) and BlackBerry Limited (NYSE:BB) .
Here are highlights from Thursday’s Analyst Blog:
Autonomous Driving Set to Rev Up: 4 Stocks to Gain
It’s surely a great time to be an investor, especially when new investing trends in medicines to communication are starting to have an effect. One of the most promising new trends is the intersection of transportation, computers and clean energy in the form of autonomous electric cars.
Let’s face it, almost 1 billion passenger cars are on the roads worldwide and a lot of gasoline is burned and carbon is emitted on a daily basis. Green Car report, by the way, expects that to even double by 2025. Autonomous or self-driving cars, thus, are making great inroads as it reduces carbon emission.
Some skeptics may not trust a computer to navigate the vehicle that they are in. However, around 40,000 people die in the United States each year due to car crashes. Driverless cars are expected to bring that number down.
And that’s the reason why several top-notch companies are pouring billions of dollars into the autonomous driving technology. Needless to say, it will increase productivity and savvy investors should do well to cash in on this booming trend. That’s why we are bringing you the best stocks to play the autonomous vehicle revolution.
Watch Out for Cruise
General Motors Companyacquired Cruise for nearly $1 billion. Softbank and Honda also invested in General Motors-acquired Cruise and the valuation surged to $14.6 billion.
Cruise has given General Motors a worthwhile commercial autonomous taxi option for the near future. Self-driving technologies like Super Cruise in General Motors’ Cadillac category has proven to be a grand success.
General Motors recently issued a strong guidance for the current quarter and fiscal 2019. General Motors currently has a Zacks Rank #2 (Buy). In the past 60 days, seven earnings estimates moved north, while none moved south for the current year. The Zacks Consensus Estimate for earnings rose 11.3% in the same period. You can see Zacks Investment Research
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