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The Zacks Analyst Blog Highlights: Amazon, Boeing, NextEra, Schwab and Fiserv

Zacks Equity Research

For Immediate Release

Chicago, IL – July 31, 2019 – 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: Amazon AMZN, Boeing BA, NextEra NEE, Schwab SCHW and Fiserv FISV.

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for Amazon, Boeing and NextEra

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, Boeing and NextEra. 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 >>>

Outperform-rated Amazon’s shares have outperformed the broader market year to date (the stock is up +27.3% vs. the +19.1% increase for the S&P 500 as a whole). Amazon reported mixed second quarter results wherein earnings missed estimates but revenues outpaced the same.

However, the company exhibited year over year growth on both counts. Amazon benefited from its solid Prime momentum owing to robust grocery services and strong content portfolio. Also, Prime Free One Day service helped Amazon in gaining traction across the customers. Further, strengthening AWS services and its growing adoption rate contributed well.

The Zacks analyst thinks improving Alexa skills and features remain a major positive. However, rising transportation costs related to its free one-day shipping service remain an overhang and are likely to increase further. Also, Amazon expects foreign exchange headwinds to continue impacting its top line.

Shares of Boeing have gained +5.5% year to date, underperforming the Zacks Aerospace & Defense industry, which has increased +22% during the same time period. Boeing ended the second quarter of 2019 on a dismal note. The company incurred a huge loss in the quarter. Also, the top line missed expectations and declined year over year.

However, the Zacks analyst stresses that Boeing remains the largest aircraft manufacturer globally in terms of revenues, orders and deliveries and one of the major aerospace and defense contractors. Its proposed joint venture with Embraer is expected to strengthen Boeing’s commercial business significantly.

Its commercial business suffered a major setback due to lower 737 deliveries, following the 737 Max product line's grounding and subsequent costs associated with this development. Consequently, its revenues, earnings and cash flow position were affected significantly.

NextEra’s shares have outperformed the Zacks Electric Power industry in the past year, gaining +26.2% vs +10.5%. The company’s second-quarter performance was better than expected, courtesy of strong progress across all its businesses. The Zacks analyst thinks NextEra’s investments aimed at driving renewable operations through the “30 by 30” plan will help meet its goal to make its generation portfolio cleaner.

Focus on expanding operations in natural gas pipelines and further widening of its business via acquisitions and organic growth will enable the company to achieve its long-term earnings growth target. However, the nature of its business is subject to complex and comprehensive federal, state and other regulations.

If planned nuclear plant outages last longer than expected or unplanned outages take place, normal operations and profitability might be hindered.

Other noteworthy reports we are featuring today include Schwab and Fiserv.

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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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NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
The Boeing Company (BA) : Free Stock Analysis Report
The Charles Schwab Corporation (SCHW) : Free Stock Analysis Report
Fiserv, Inc. (FISV) : Free Stock Analysis Report
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