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Top Research Reports for Amazon, United Parcel Service & 3M

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·6 min read
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Thursday, April 29, 2021

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 (AMZN), United Parcel Service (UPS), and 3M Company (MMM). 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 Amazon have modestly lagged the broader market in the last one-year period (+40.8% vs. +46.5%). The Zacks analyst believes that Amazon is gaining from a solid Prime momentum owing to ultrafast delivery services and expanding content portfolio, as confirmed by the company's blockbuster March-quarter results Thursday afternoon. 

Further, coronavirus-led spike in online orders continues to be a major tailwind. Also, solid growth in its online stores sales remains a positive. Moreover, surge in online grocery shopping is another positive.

Moreover, expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. However, accelerating coronavirus related expenses remain risks for the company’s margin expansion in the near term. Also, rising cloud competition poses risk.

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

United Parcel Service shares have gained +28.5% over the last three months against the Zacks Transportation - Air Freight and Cargo industry’s gain of +24.5%. The Zacks analyst believes that an exponential e-commerce growth has been aiding UPS amid the ongoing pandemic.

The company performed very well in the first-quarter 2021, reporting better-than-expected earnings per share and revenues. The results were aided by an expanded volume of deliveries. Further, strong free cash flow generation is another positive for the company.

However, high operating expenses pose concerns. Moreover, management's decision to not provide any earnings and revenue guidance for 2021 sheds light on the uncertainty ahead.

(You can read the full research report on United Parcel Service here >>>)

Shares of 3M have gained +23.4% in the past six months against the Zacks Diversified Operations industry’s gain of +30.9%. The Zacks analyst believes that 3M is well-positioned to benefit from its solid product portfolio, marketing activities, as well as shareholder-friendly policies.

In first-quarter 2021, the company’s earnings and sales surpassed estimates by 23.11% and 5.92%, respectively. Further, increased demand for respirators boosted sales by $190 million during the quarter.

However, inflation in raw materials and logistic costs are predicted to hurt earnings in the quarters ahead. Also, debt-related woes, international exposure and restructuring charges are other major concerns for the company.

(You can read the full research report on 3M here >>>)

Other noteworthy reports we are featuring today include Texas Instruments (TXN), Costco Wholesale (COST) and Advanced Micro Devices (AMD).

These Stocks Are Poised to Soar Past the Pandemic

The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.

Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.

See the 5 high-tech stocks now>>

Sheraz Mian

Director of Research

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 Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Today's Must Read

Prime Momentum & Growing AWS Adoption Benefit Amazon (AMZN)

Average Daily Volume Growth Boosts UPS, High Costs Hurt

Solid Demand to Aid 3M (MMM) Amid Raw Material Costs Woes

Featured Reports

Growth in Personal Electronics Aids Texas Instruments (TXN)

Per the Zacks analyst, growth in the personal electronics market owing to coronavirus-induced increasing work-from-home trend is benefiting the top-line of Texas Instruments.

Decent Comps Run to Fuel Costco's (COST) Sales, Cost a Concern

Per the Zacks analyst, Costco's growth strategies, decent comps run and solid membership trend are likely to fuel sales.

AMD Rides on Robust 7 nm Product Portfolio & Partnerships

Per the Zacks analyst, Advanced Micro Devices is benefiting from the strong adoption of the latest 7 nm-based EYPC and Ryzen processors.

Higher Ground Revenues Aid FedEx (FDX) Amid Cost Woes

While the significant rise in Ground revenues owing to residential delivery volume growth is boosting FedEx's top line, the Zacks analyst is concerned about the steep rise in operating costs.

Growing Top Line Aids, High Leverage Ails Centene (CNC)

Per the Zacks analyst, its rising revenues on the back of buyouts, membership growth in Medicaid business and contract wins poise it well for growth.

Vail Resorts (MTN) Benefits From Solid Season Pass Program

Per the Zacks analyst, Vail Resorts' focus on the season pass program along with efficient marketing efforts bode well.

Arthur J. Gallagher (AJG) Buyouts Aid, Cost Woes Linger

Per the Zacks analyst, a number of acquisitions have helped Arthur J. Gallagher to enhance its capabilities and drive growth. However, elevated expenses remain an overhang.

New Upgrades

Cost Reduction, Acquisitions to Aid PPG Industries (PPG)

Per the Zacks analyst, cost savings through restructuring actions should lend support to PPG Industries' margins. Acquisitions will also broaden its portfolio and contribute to its top line.n

Software & Technology Investments Aid Robert Half (RHI)

The Zacks analyst believes that prudent investments in software initiatives and technology infrastructure along with a broad and deep client database ensure long-term growth for Robert Half.

Cost Control, Loan Growth to Aid New York Community (NYCB)

Per the Zacks analyst, New York Community's efforts to drive operational efficiency through cost-control measures are encouraging.

New Downgrades

Lower Asset Utilization Hurts Phillips 66 Partners (PSXP)

The Zacks analyst is concerned since lower utilization of midstream assets and higher utility costs hurt Phillips 66 Partners.

Post Holdings (POST) Troubled by Soft Foodservice Segment

Per the Zacks analyst, softness in the Foodservice segment due to reduced away-from-home food demand amid the pandemic is a concern for Post Holdings.

Oil & Natural Gas Price Volatility Hurts OGE Energy (OGE)

Per the Zacks analyst, OGE Energy incurred impairment charges due to oil and natural gas commodity price volatility as COVID-19 caused demand decline.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
United Parcel Service, Inc. (UPS) : Free Stock Analysis Report
 
Texas Instruments Incorporated (TXN) : Free Stock Analysis Report
 
3M Company (MMM) : Free Stock Analysis Report
 
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
 
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
 
Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report
 
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