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The Zacks Analyst Blog Highlights: Starbucks, Carrefour and Walmart

Zacks Equity Research
Bull of the Day: Stitch Fix (SFIX)

For Immediate Release

Chicago, IL – March 21, 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: Starbucks Corporation SBUX, Carrefour SA CRRFY and Walmart Inc. WMT.

Here are highlights from Wednesday’s Analyst Blog:

3 Stocks to Gain from Blockchain’s Retail Reach

The global retail market may be the ultimate space to benefit tremendously from blockchain technology’s real-world implementation. More industries are realizing the potential of blockchain outside the crypto currency market, which is not only a fast, secure and accurate system, but also doesn’t burn a hole in corporate pockets.

Growth Prospects of Blockchain in Retail Market

According to Markets and Markets data, blockchain in retail market is poised to reach $2,339.5 million worldwide by 2023.

The market is expected to witness a compound annual growth rate of 96.4% in 2018-2023, with North America holding the largest market size.

Why Blockchain is the Ultimate Solution for Retail

It is no surprise that blockchain’s robust architecture has been noticed by the retail industry, a domain known for its notoriously huge logistics and complex supply chains. The need for extremely secure and swift transactions makes the technology popular in the retail space.

Blockchain’s efficiency lies in decentralizing data storage. This system stores information in a peer-to-peer manner, thus providing security to the data because it can’t be tempered with. Apart from the secure mode of data storage, blockchain also allows retailers to gain from each other’s purchase data without sharing it directly.

Blockchain’s unchangeable, easily accessible records make supply chain management faster. This allows customers to track products through the entire process, and thus improve brand-customer relationship. In addition, the real-time data stored improves logistical efficiency thus making shipment-tracking easier.

Among other benefits, blockchain improves inventory management, identifies issues sooner and lessens paperwork delays.

3 Stocks to Gain

As more top retailers set out to explore the technology, it would be prudent to invest in a couple of stocks that stand to benefit directly from the growing trend.

Starbucks Corporation is poised to explore blockchain technology to track coffee from “bean to cup” with Colombian, Costa Rican and Rwandan farmers. The coffee giant aims to improve traceability by sharing real-time information.

Starbucks has a Zacks Rank #2 (Buy) and its expected earnings growth rate for the current year is 12.4% compared with the Zacks Retail – Restaurants industry’s projected rise of 3.9%. Its Zacks Consensus Estimate for current-year earnings has risen 3% in the past 60 days. You can see the complete list of today’s Zacks #1 Rank stocks here.

Carrefour SA is aiming to enhance its products’ traceability with blockchain technology. The French company is implementing blockchain technology to track its free-range Carrefour Quality Line Auvergne chickens, which is a major product of the supermarket chain.

Carrefour has a Zacks Rank #2 and its expected earnings growth rate for the current year is 13% compared with the Zacks Retail – Supermarkets industry’s projected decline of 2.4%. Its Zacks Consensus Estimate for current-year earnings has risen 4% in the past 60 days.

Walmart Inc. uses ready–to-use blockchain technology in its live food business, a Bloomberg report cited. The system has been developed in collaboration with International Business Machines in order to boost supply chain efficiency. The company is also using blockchain for payment processing.

Walmart has a Zacks Rank #2 and its expected earnings growth rate for the next year is 5.3%. Its Zacks Consensus Estimate for current-year earnings has risen 0.6% in the past 60 days.

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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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