The Zacks Analyst Blog Highlights: Alphabet, Broadcom, Procter & Gamble, NextEra Energy and CSX
For Immediate Release
Chicago, IL – January 09, 2018 – 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 Alphabet GOOGL, Broadcom AVGO, Procter & Gamble PG, NextEra Energy NEE and CSX Corp CSX.
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for Alphabet, Broadcom and Procter & Gamble
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 Alphabet, Broadcom and Procter & Gamble. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Alphabet’s shares have outperformed the Zacks Internet Services over the last one year period (the stock is up +34.3% vs. +26.1% gain for the sector). Alphabet's strong advertising revenues and improving paid click growth remain the growth drivers. Its focus on innovation, AI, cloud, home automation space, strategic acquisitions and Android OS should continue to generate strong cash flows.
Alphabet has shown good execution to date, more or less maintaining its dominant share in a competitive, fast-growing search market. Its diversification strategy is also positive, but requires significant investment and involves uncertain payback periods, particularly since these efforts are at the cutting edge of technology. However, increasing litigation issues could continue to impact the company’s profits.
Shares of Strong Buy-rated Broadcom have handily beaten the technology sector as well as the red-hot semiconductor space over the last one year, gaining +53.5%. Also, estimates have moved north of late.
The company is benefiting from strong demand for its wireless solutions, which is expected to continue in the fiscal 2018. Higher dollar content at the company’s large North American smartphone customer’s next-gen platform is a key catalyst.
Broadcom’s expanding product portfolio makes it well-positioned to address the needs of rapidly growing technologies like Internet of Things (IoT) and 5G. Broadcom has strong ties with leading OEMs across multiple target markets that will help it to gain key insights into the requirements of customers.
Moreover, the upcoming launch of the next generation WiFi products is expected to be a growth driver for the segment. Further, increasing traction of 10G technology to support broadband video delivery will boost Wired Infrastructure revenues.
Buy-rated Procter & Gamble's shares have outperformed the Zacks Soap and Cleaning Materials industry over the last six months (+4.8% vs. +4.2%). The Zacks analyst likes its strong brand recognition, diversified portfolio, impressive product development capabilities and marketing prowess as well as strong cash flow productivity.
The company is investing in its brands and products as well as redesigning the supply chain to improve productivity and organic growth. Earnings estimates for fiscal 2018 and 2019 have also moved north over the last 30 days. However, slowing market growth, weak volumes and organic sales have been hurting sales.
A soft consumer-spending environment in developed markets and uncertainties in emerging countries also add to the worries. That said, P&G is speeding up innovations and investments to counter the softening industry growth. Its productivity improvements and cost-saving efforts are also consistently helping to boost profit level.
Other noteworthy reports we are featuring today include NextEra Energy and CSX Corp.
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CSX Corporation (CSX) : Free Stock Analysis Report
NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
Broadcom Limited (AVGO) : Free Stock Analysis Report
Procter & Gamble Company (The) (PG) : Free Stock Analysis Report
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