Top Research Reports for NVIDIA, Accenture & Goldman Sachs
Monday, March 29, 2021
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 12 major stocks, including NVIDIA (NVDA), Accenture (ACN), and The Goldman Sachs Group (GS). 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 >>>
NVIDIA shares have lagged lately, but they are otherwise standout performers over the past year (+96.9% vs. +60.3% for the industry) as the company capitalized on coronavirus-induced work-from-home and learn-at-home trends.
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.
Further, solid uptake of artificial intelligence-based smart cockpit infotainment solutions is a boon. Additionally, collaboration with Daimler-owned Mercedes-Benz is expected to further strengthen NVIDIA’s presence in the autonomous vehicles and other automotive electronics space.
(You can read the full research report on NVIDIA here >>>)
Accenture shares have gained +22.3% over the last six months against the Zacks Consulting industry’s gain of +24.7%. The Zacks analyst believes that the company has been steadily gaining traction in its outsourcing and consulting businesses.
It has been strategically enhancing its cloud and digital marketing suite through acquisitions and partnerships. However, pricing pressure due to significant competition from strong companies like Genpact, Cognizant and Infosys, remains a concern.
Global presence exposes it to foreign currency exchange rate fluctuations. Buyout-related integration risks continue to remain a concern.
(You can read the full research report on Accenture here >>>)
Shares of Goldman Sachs have gained +27.7% in the past three months against the Zacks Financial - Investment Bank industry’s gain of +23.6%, with a combination of robust capital markets and investment banking opportunities helping improve the Wall Street firm's fortunes.
Efforts to expand consumer lending business have also been supporting the company’s growth. Prudent cost-management initiatives might continue supporting bottom-line growth. Moreover, with strong liquidity position, Goldman remains less exposed to credit risk in case of any economic downturn.
However, legal issues, high dependence on overseas revenues, and volatile client-activity might impede top-line growth. Moreover, steady capital deployment activities remain a tailwind.
(You can read the full research report on Goldman Sachs here >>>)
Other noteworthy reports we are featuring today include Becton, Dickinson and Company (BDX), Southern Copper (SCCO) and Newmont (NEM).
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
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
Strong GPU Adoption in Gaming, Datacenter Aids NVIDIA (NVDA)
Accenture (ACN) Rides on Acquisitions Amid Pricing Pressure
Cost Savings Strategy Aids Goldman (GS), Capital Level Solid
Featured Reports
Core BD Medical Continues to Favor Becton, Dickinson (BDX)
Per the Zacks analyst solid prospects in core BD Medical unit continue to favor Becton, Dickinson.
High Prices & Expansion Actions Aid Southern Copper (SCCO)
The Zacks analyst believes Southern Copper is poised well to gain from high copper and silver prices, focus on cost reduction, industry-leading copper reserves as well as expansion actions.
Growth Projects Benefit Newmont (NEM) Despite High Costs
Per the Zacks analyst, Newmont will gain from progress in its growth projects and a boost in production.
Investments Aid Ameren (AEE), COVID Led Sales Decline Hurt
Per the Zacks analyst, systematic investment in infrastructure project boosts Ameren's growth. Yet COVID induced sales volume decline has been hurting its overall results recently.
Cboe Global Market (CBOE) Banks on Increasing Transaction Fees
Per the Zacks analyst, Cboe Global is set to grow on increasing transaction fees driven by trading volume growth given strength in its proprietary products.
New Upgrades
Diamondback (FANG) to Benefit from QEP Resources Buyout
The Zacks analyst believes Diamondback Energy's recent acquisition of QEP Resources is a strategic fit for the company, which further strengthens its position in lucrative Permian Basin.
Robust Off-Premise Sales Likely to Aid Cracker Barrel (CBRL)
Per the Zacks analyst, Cracker Barrel's focus on off-premise sales is likely to be a major growth driver. In second-quarter fiscal 2021, comparable store off-premise sales soared 78% year over year.
New Downgrades
Pioneer Natural (PXD) Reels Under Rising Production Costs
Pioneer Natural expects production costs to increase in first-quarter 2021, hurting its bottom line. Also, reignited worries about its short-term upstream business outlook bother the Zacks analyst.
EV Push to Drive American Axle (AXL) Amid High Costs
While collaborations with Inovance and REE Automotive is likely to boost American Axle's electrification revenues, soaring manufacturing costs is denting the firm's profits, per the Zacks analyst.
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Southern Copper Corporation (SCCO) : Free Stock Analysis Report
Newmont Corporation (NEM) : Free Stock Analysis Report
Becton, Dickinson and Company (BDX) : Free Stock Analysis Report
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