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The Zacks Analyst Blog Highlights: Alibaba, Procter & Gamble, Wells Fargo, Google and NextEra Energy

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Zacks Equity Research
·5 min read
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For Immediate Release

Chicago, IL – January 22, 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: Alibaba Group Holding Limited BABA, The Procter & Gamble Company PG, Wells Fargo & Company WFC, Alphabet Inc. GOOGL and NextEra Energy, Inc. NEE.

Here are highlights from Thursday’s Analyst Blog:

Top Analyst Reports for Alibaba, Procter & Gamble and Wells Fargo

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 Alibaba, Procter & Gamble and Wells Fargo. 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 >>>

Alibaba shares have underperformed the Zacks Internet Commerce industry over the past year (+19.4% vs. +50.7%). The Zacks analyst believes that the company continues to benefit from strong growth in metrics.

Further, Alibaba’s strengthening cloud business with its expanding customer base continues to drive its performance. Its New Retail strategy is also gaining momentum. This is aiding growth in Tmall Import, Hema fresh food grocery business and Intime Department Stores.

However, higher costs associated with new initiatives remain a major concern. Also, COVID-19 related economic uncertainties and macro headwinds in China are major concerns. In addition, rising competition from e-commerce players poses a risk.

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

Shares of Procter & Gamble have gained +4.6% in the last six months against the Zacks Soap and Cleaning Materials industry’s gain of +4.1%. The Zacks analyst believes that Procter & Gamble stock has been benefiting from its robust earnings and sales surprise trend.

While it has reported an earnings surprise for the past several quarters, revenues topped estimates for the third straight time in the fiscal second-quarter. Further, earnings and sales improved on a year over year basis. Results were driven by robust top-line growth and improved margins.

Margins benefited from cost leverage and productivity initiatives, while sales were aided by strength across all segments, robust shipments, pricing and mix. It delivered adjusted free cash flow productivity of 113% in the fiscal second quarter. Driven by the robust results, it raised its outlook for fiscal 2021. However, currency headwinds are likely to affect results in fiscal 2021.

(You can read the full research report on Procter & Gamble here >>>)

Wells Fargo’s shares have gained +39.6% over the past three months against the Zacks Major Regional Banks industry’s rise of +30.5%. The Zacks analyst believes that the company's efforts to enhance compliance and risk-management capability, along with streamlining activities, are encouraging.

The company's earnings surprise history is decent, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters. Fourth-quarter results reflect benefits from reserve releases and lower expenses, partly muted by decline in revenues. Also, strong deposits balance depicts robust liquidity position.

Moreover, the company carries less credit risk in case of any economic downturn. Also, declining expenses due to its cost savings efforts, might support bottom-line growth. Nevertheless, Wells Fargo's revenues remain under pressure due to low rates and volatile fee income trend. Legal hassles also pose a concern.

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

Other noteworthy reports we are featuring today include Alphabet and NextEra Energy.

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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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Wells Fargo & Company (WFC) : Free Stock Analysis Report
 
NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
 
Procter & Gamble Company The (PG) : Free Stock Analysis Report
 
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
 
Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report
 
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