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The Zacks Analyst Blog Highlights: Salesforce, HSBC, Honda Motor, Cintas and MarketAxess

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Zacks Equity Research
·5 min read
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For Immediate Release

Chicago, IL – January 04, 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: salesforce.com, inc. CRM, HSBC Holdings plc HSBC, Honda Motor Co., Ltd. HMC, Cintas Corporation CTAS and MarketAxess Holdings Inc. MKTX.

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for salesforce, HSBC and Honda

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 salesforce.com, inc., HSBC Holdings plc and Honda Motor Co., Ltd. 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 salesforce have increased +36.7% over the past year against the Zacks Computer - Software industry's gain of +36.8%. The Zacks analyst believes that the company is benefiting from a robust demand environment as customers are undergoing a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. Salesforce's sustained focus on introducing more aligned products as per customer needs is driving its top-line. Continued deal wins in the international market is another growth driver.

However, stiff competition is a concern. Besides, unfavorable currency fluctuations along with increasing investments in international expansions and data centers are an overhang on near-term profitability.

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

HSBC shares have underperformed the Zacks Banks - Foreign industry over the past year (-33.7% vs. -14.9%). The company's initiatives to improve market share in the U.K. and China are likely to support financials over the long term. However, the Zacks analyst believes that these efforts might lead to a rise in costs in the near term, thus, hurting the bottom line to some extent. Moreover, global economic slowdown, low interest rate environment across the globe and weak loan demand will likely hamper revenue growth.

Nevertheless, the company's strong capital position, initiatives to strengthen digital capabilities, extensive network across the world and efforts to improve operating efficiency through business restructuring are expected to support profitability in the quarters ahead.

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

Shares of Honda Motor have lost -0.5% over the past year against the Zacks Automotive – Foreign industry's gain of +18.7%. The Zacks analyst believes that fiscal 2021 sales are still expected to decline year over year, thanks to the coronavirus pandemic.  Further, high capex to develop advanced technologies may limit its near-term cash flows. Frequent recalls and elevated leverage of the firm also play spoilsports.

However, focus on the development of electric and self-driving cars bodes well for Honda, given the changing dynamics in the automobile industry. The firm's strategic collaborations with companies like General Motors, GAC Group and Hitachi, among others, are expected to expand the business and bolster prospects.

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

Other noteworthy reports we are featuring today include Cintas Corporation and MarketAxess Holdings Inc.

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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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Cintas Corporation (CTAS) : Free Stock Analysis Report
Honda Motor Co., Ltd. (HMC) : Free Stock Analysis Report
salesforce.com, inc. (CRM) : Free Stock Analysis Report
MarketAxess Holdings Inc. (MKTX) : Free Stock Analysis Report
HSBC Holdings plc (HSBC) : Free Stock Analysis Report
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