Top Analyst Reports For Apple, Comcast & NVIDIA
Zacks Investment Research | Nov 20, 2019 03:13AM ET
Wednesday, November 20, 2019
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 Apple Inc. (NASDAQ:AAPL), Comcast Corp. (CMCSA) and NVIDIA Corp. (NVDA). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
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Apple’s shares have outperformed the Zacks Computer - Mini computers industry year to date (+68.8% vs. +65.7%). The Zacks analyst believes that the company is benefiting from continued momentum in the Services segment and improved iPhone sales owing to the trade-in programs.
Non-iPhone devices continue to perform well, driven by strong demand for iPad, Apple Watch and AirPods. The company’s expanded portfolio that now includes new MacBook Pro, Apple Watch Series 5 and streaming service Apple TV+ is a key catalyst.
Nevertheless, uncertainties over the timeframe of the resolution of the U.S.-China trade war do not bode well for the company. Further, antitrust investigations, App Store-related lawsuits and Spotify’s complaint increase legal woes.
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Shares of Comcast have gained 23% in the past two-year period against Zacks Cable Television industry’s rise of 14.8%. The Zacks analyst believes that the company is benefiting from solid growth in a number of residential and business services high-speed Internet customers.
The company’s strategy of providing high-speed Internet at an affordable cost plays a key role in improving customer experience. Growing popularity of Xfinity products is also a key catalyst. Moreover, expansion in the wireless user base and the security and automation services customer base is a growth driver.
However, Comcast continues to lose video subscribers due to cord cutting. Moreover, a high debt level is a headwind.
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NVIDIA’s shares have outperformed the Zacks Semiconductor - General industry year to date (+55.8% vs. +32.9%). The Zacks analyst believes that the company is benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Solid momentum of its real-time ray tracing technology is also a positive.
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Increase in Hyperscale demand is a tailwind for Data Center business as well. Growing adoption in the inference market is an upside too. Further, the solid uptake of AI-based smart cockpit infotainment solutions is a boon.
However, the company’s bleak guidance for the fourth quarter due to seasonality is a concern.
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Other noteworthy reports we are featuring today include GlaxoSmithKline plc (GSK), Edwards Lifesciences Corp. (EW) and Global Payments Inc. (GPN).
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Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly
Today's Must Read/h6
Featured Reports/h6
The Zacks analyst likes Glaxo's efforts to boost its pipeline, especially oncology.
Per the Zacks Analyst, WestRock will benefit from higher volumes and cost synergies following the KapStone acquisition despite the impact of pricing declines and inflation in wages.
Per the Zacks analyst, Corning is likely to benefit from measures to reduce operating costs, align capacity to demand in Display Technologies, and speed up capital projects in Optical Communications.
Per the Zacks analyst, Keurig Dr Pepper is witnessing strong retail market performance across most of the business, driven by market share gains across all categories.
Per the Zacks analyst, driven by rising demand for customized financing, Ares Capital is poised for investment income growth.
Per the Zacks analyst, Domino's solid digital ordering system and other sales initiatives should continue to drive growth.
Per the Zacks analyst, expansionary defense budget adopted by the U.S. government should benefit Huntington Ingalls. Yet its huge debt level makes it vulnerable in times of financial crisis.
The Zacks analyst likes Glaxo's efforts to boost its pipeline, especially oncology.
Per the Zacks Analyst, WestRock will benefit from higher volumes and cost synergies following the KapStone acquisition despite the impact of pricing declines and inflation in wages.
Per the Zacks analyst, Corning is likely to benefit from measures to reduce operating costs, align capacity to demand in Display Technologies, and speed up capital projects in Optical Communications.
Per the Zacks analyst, Keurig Dr Pepper is witnessing strong retail market performance across most of the business, driven by market share gains across all categories.
Per the Zacks analyst, driven by rising demand for customized financing, Ares Capital is poised for investment income growth.
Per the Zacks analyst, Domino's solid digital ordering system and other sales initiatives should continue to drive growth.
Per the Zacks analyst, expansionary defense budget adopted by the U.S. government should benefit Huntington Ingalls. Yet its huge debt level makes it vulnerable in times of financial crisis.
New Upgrades/h6
Per the Zacks analyst, Edwards' strong THV sales in the domestic and global markets is a major positive. Also, the company firming its hold in the Asian markets, especially Japan buoys optimism.n
Per the Zacks analyst, numerous buyouts made by the company have accrued to its business. Success in integrating acquired businesses in existing and new markets position it well for future growth
Per the Zacks analyst, its solid inorganic growth story on the back of a number of acquisitions and strategic alliances over the past few years have helped the business enhance its scale of business.
Per the Zacks analyst, Edwards' strong THV sales in the domestic and global markets is a major positive. Also, the company firming its hold in the Asian markets, especially Japan buoys optimism.n
Per the Zacks analyst, numerous buyouts made by the company have accrued to its business. Success in integrating acquired businesses in existing and new markets position it well for future growth
Per the Zacks analyst, its solid inorganic growth story on the back of a number of acquisitions and strategic alliances over the past few years have helped the business enhance its scale of business.
New Downgrades/h6
Per the Zacks analyst increased debt level due to loan taken by Occidental to fund acquisition of Anadarko and fluctuating commodity prices is hampering its profitability.
The Zacks analyst is anxious about the devaluation of the Brazilian currency. Also, high costs are hurting the bottom line. The company's high debt levels further add to its woes.
The Zacks analyst is concerned about the constant regulatory roadblocks which William Companies' Constitution Pipeline is suffering from. Further, high leverage of 55% limits the company's growth.
Per the Zacks analyst increased debt level due to loan taken by Occidental to fund acquisition of Anadarko and fluctuating commodity prices is hampering its profitability.
The Zacks analyst is anxious about the devaluation of the Brazilian currency. Also, high costs are hurting the bottom line. The company's high debt levels further add to its woes.
The Zacks analyst is concerned about the constant regulatory roadblocks which William Companies' Constitution Pipeline is suffering from. Further, high leverage of 55% limits the company's growth.
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