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The Zacks Analyst Blog Highlights: PayPal, BHP, American Tower, Zoom Video and Deere

Zacks Equity Research
·5 min read

For Immediate Release

Chicago, IL – November 25, 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 PayPal PYPL, BHP Group BHP, American Tower AMT, Zoom Video Communications ZM and Deere DE.

Here are highlights from Tuesday’s Analyst Blog:

Top Analyst Reports for PayPal, BHP and American Tower

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 PayPal, BHP Group and American Tower. 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 >>>

PayPal shares have modestly underperformed the Zacks Internet Software industry in the year to date period (+86.4% vs. +89.4%), but the stock has otherwise been a stellar performer on the back of accelerating transaction revenues. However, increasing credit loss reserves owing to macroeconomic projections on account of coronavirus is a serious matter of concern.

PayPal reported strong third quarter results wherein both earnings and revenues topped the estimates and grew year over year. Robust growth in total payments volume (TPV) owing to increasing net new active accounts drove the top line.

Moreover, strengthening customer engagement on the company’s platform and Honey buyout benefits were positive. Further, strong performance by Venmo and merchant services contributed well to the TPV growth. Additionally, growing momentum of the company’s core peer to peer and PayPal Checkout experiences was a tailwind. 

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

Shares of BHP have gained +10.9% over the past year against the Zacks Mining - Miscellaneous industry’s rise of +16.7%. The Zacks analyst believes that efforts to make operations more efficient through smarter technology adoption across the entire value chain are likely to bolster the company’s margins.

BHP Group’s iron ore production rose 8% year over year to 66 Mt in first-quarter fiscal 2021 driven by record production at Jimblebar and strong supply chain performance. In fiscal 2021, it expects to produce 244-253 Mt of iron ore. The surge in iron prices holds promise. Its focus on lowering debt will fuel growth.

The company plans to simplify its coal portfolio and concentrate on higher quality coking coals. BHP Group has six major projects under development in petroleum, copper, iron ore and potash, which will drive growth in the long run. However, the expected decline in global steel demand, as growth in China will be offset by weak demand elsewhere due the impact of the pandemic, remains a major concern.

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

American Tower shares have lost -5.4% over the past six months against the Zacks REIT and Equity Trust industry’s rise of +12.5%. The Zacks analyst believes that American Tower’s deal to acquire InSite Wireless Group’s towers will mark the company’s entry in Canada and boost the U.S. business.

Its impressive third-quarter results were supported by strong organic tenant billing growth. Going forward, American Tower is well-positioned to benefit from incremental carrier network investments, driven by increasing mobile data usage and growth in 5G deployment. These are likely to drive leasing activity over the long term.

The company’s strong balance sheet also support its expansion plans. However, tenant concentration is concerning as any consolidations or reduction in network spending might adversely impact the company’s top-line growth. Stiff competition and elevated churn in certain emerging markets remain woes.

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

Other noteworthy reports we are featuring today include Zoom Video Communications and Deere.

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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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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American Tower Corporation (AMT) : Free Stock Analysis Report
 
Deere & Company (DE) : Free Stock Analysis Report
 
BHP Group Limited (BHP) : Free Stock Analysis Report
 
PayPal Holdings, Inc. (PYPL) : Free Stock Analysis Report
 
Zoom Video Communications, Inc. (ZM) : Free Stock Analysis Report
 
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