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The Zacks Analyst Blog Highlights: NVIDIA, Procter & Gamble, Sony, Uber and China Petroleum & Chemical

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For Immediate Release

Chicago, IL – May 18, 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: NVIDIA Corporation NVDA, The Procter & Gamble Company PG, Sony Group Corporation SONY, Uber Technologies, Inc. UBER and China Petroleum & Chemical Corporation SNP.

Here are highlights from Monday’s Analyst Blog:

Top Research Reports for NVIDIA, Procter & Gamble and Sony

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 NVIDIA Corp., The Procter & Gamble Co., and Sony Group. 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 >>>

Shares of NVIDIA have gained +62.8% in the past one-year period against the Zacks Semiconductor – General industry's gain of +34.4%. The Zacks analyst believes that NVIDIA is benefiting from the coronavirus-induced work-from-home and learn-at-home wave. 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 the user base. Further, solid uptake of artificial intelligence-based smart cockpit infotainment solutions is a boon.

However, management expects COVID-19 pandemic to negatively impact near-term revenues. Moreover, the U.S.-China trade war remains a key concern.

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

Shares of Procter & Gamble have outperformed the Zacks Soap and Cleaning Materials industry in the last one-year period (+18.8% vs. +4.9%). The Zacks analyst noted that the company's revenues topped estimates for the fourth straight time in the fiscal third-quarter. Additionally, earnings were aided by robust top-line growth and improved margins.

In fact, productivity savings and higher pricing aided margins, while strength across all segments along with robust pricing and mix boosted sales. Adjusted free cash flow productivity was 106% in the fiscal third quarter. Notably, the company raised its free cash flow productivity target to more than 100% for fiscal 2021.

However, SG&A deleverage partly hurt margins in the reported quarter. Also, currency headwinds and pandemic-related disruptions are likely to affect fiscal 2021 results to some extent.

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

Shares of Sony have outperformed the Zacks Audio Video Production industry in the last six-month period (+6.7% vs. +6.2%). The Zacks analyst believes that the company is benefiting from a substantial increase in sales in the Game & Network Services and Financial Services segments. Sony expanded its 360 Reality Audio services and product offerings, adding new video streaming capabilities and content creation tools. It also unveiled the Airpeak aircraft as part of its drone project in artificial intelligence robotics.

However, the Pictures unit is witnessing a decline in theatrical revenues resulting from theater closures due to the pandemic. Escalating cost of goods sold is a persistent concern. Fluctuations in foreign currency exchange rates pose a headwind as it has a strong international presence with the majority of revenues coming from emerging markets.

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

Other noteworthy reports we are featuring today include Uber Technologies and China Petroleum & Chemical.

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

You know this company from its past glory days, but few would expect that it's poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks' Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>

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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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NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
China Petroleum & Chemical Corporation (SNP) : Free Stock Analysis Report
 
Procter & Gamble Company The (PG) : Free Stock Analysis Report
 
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
 
Sony Corporation (SONY) : Free Stock Analysis Report
 
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