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The Zacks Analyst Blog Highlights: Intel, Coca-Cola, Starbucks, Caterpillar and Zoetis

Zacks Equity Research
·5 min read

For Immediate Release

Chicago, IL – September 4, 2020 – 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: Intel Corporation INTC, The Coca-Cola Company KO, Starbucks Corporation SBUX, Caterpillar Inc. CAT and Zoetis Inc. ZTS.

Here are highlights from Thursday’s Analyst Blog:

Top Analyst Reports for Intel, Coca Cola and Starbucks

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 Intel, Coca-Cola and Starbucks. 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 >>>

Intel shares have underperformed the Zacks General Semiconductor industry in the year to date period (-14% vs. +36.7%), reflecting the market's disappointment with the company's recent operating performance. The Zacks analyst believes that Intel is benefiting from strength across both PC-centric and Data-centric domains.

Robust mix of high-performance second-generation Xeon Scalable processors and solid demand from Cloud service providers are expected to boost growth. Strong momentum for 10 nanometer (nm) mobile CPU bodes well. Notably, the company provided encouraging 2020 guidance.

Further, solid uptake of 5G networking solutions, higher Wi-Fi and modem sales and solid notebook demand, improvement in NAND pricing trends led higher ASPs, and Optane bit growth, remain tailwinds. However, anticipated decline in PC total addressable market, and production delays pertaining to 7 nm ramp up remain concerns.

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

Shares of Coca-Cola have lost -13.8% over the past six months against the Zacks Soft Drinks Beverages industry’s fall of -6.4%. The Zacks analyst believes that driven by a shift in consumer behavior due to the coronavirus pandemic, Coca-Cola has been witnessing a surge in e-commerce with the growth rate of the channel doubling in many countries.

Coca-Cola boasts of a robust earnings surprise trend that continued in second-quarter 2020. This marked the third straight quarter of earnings beat. Gains from aggressive cost management and timing of expenses aided the bottom line. It is poised to gain from the streamlining of portfolio by exiting of Zombie brands that will help divert resources toward brands with more growth potential.

The company’s top line missed estimate on declines in away-from-home channels, which account for nearly half of its revenues. It also lost global value share in NARTD beverages driven by negative channel mix owing to softness in the away-from-home channel.

(You can read the full research report on Coca-Cola here >>>)

Starbucks shares have lost -10.1% over the past year against the Zacks Food & Restaurants industry’s fall of -1.4%. The Zacks analyst believes that the company continues to benefit from operating fundamentals such as solid global footprint, successful innovations and digital offerings.

Despite the coronavirus, the company is on track to open minimum 500 net new stores this fiscal year. It has also strengthened its relationship with Alibaba. Earnings Estimates for 2020 have increased over the past 30 days, depicting optimism regarding the stock growth potential.

However, dismal global retail and comparable sales, along with decline in store traffic due to social distancing protocols, continue to hurt the company. Notably, for fiscal 2020 comps are expected to be down 15% to 20% compared with prior estimate of decline of 10% to 20%. Also, the company’s high debt level remains a concern.

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

Other noteworthy reports we are featuring today include Caterpillar and Zoetis.

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Media Contact

Zacks Investment Research

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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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Intel Corporation (INTC) : Free Stock Analysis Report
Caterpillar Inc. (CAT) : Free Stock Analysis Report
Starbucks Corporation (SBUX) : Free Stock Analysis Report
CocaCola Company The (KO) : Free Stock Analysis Report
Zoetis Inc. (ZTS) : Free Stock Analysis Report
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