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Zacks Analyst Blog Highlights Amazon.com, The Home Depot, PetroChina Company, Deere & Company and Mitsubishi UFJ Financial Group

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Chicago, IL – February 24, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Amazon.com, Inc. AMZN, The Home Depot, Inc. HD, PetroChina Company Ltd. PTR, Deere & Company DE and Mitsubishi UFJ Financial Group, Inc. MUFG.

Here are highlights from Wednesday’s analyst blog:

Top analyst reports for Amazon, Home Depot and PetroChina

Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc., Home Depot, Inc.and PetroChina Company Ltd. These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.

You can see all today’s research reports here >>>

Shares of Amazon have outperformed the Zacks Internet – Commerce sector over the past two years (+49.5% vs -24.5%). Amazon’s fourth-quarter results were driven by strong momentum from Prime and AWS, according to the Zacks analyst. Ultra-fast delivery services and the expansion of the content portfolio have been beneficial.

In addition, the strengthening of relationships with third-party vendors has been positive. Another tailwind was Amazon Music’s strong momentum. The strengthening of its portfolio of AWS services and its growing rate of adoption have also contributed to this. Additionally, improved Alexa skills along with robust smart home product offerings have been tailwinds.

Amazon’s strong global presence and solid momentum with small and medium-sized businesses remain positive. Growing capacities in grocery stores, pharmacies, Amazon Care, Kuiper and Zoox remain other bright spots. However, spending growth due to supply chain constraints and labor shortages remains a concern.

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

Shares of Home deposit outperformed the Zacks Building Products – Retail segment over the past year (+21.7% vs. +20.9%). The Zacks analyst believes the stock’s momentum can be attributed to the robust surprise trend, which continued into the fourth quarter of fiscal 2021.

The company reported its seventh consecutive quarter of earnings and sales in the fourth fiscal quarter. Results achieved thanks to strong demand for home improvement projects, robust housing market trends and ongoing investments. The business also benefited from continued strength in the Pro and DIY categories as well as digital momentum.

Its interconnected retail strategy and underlying technology infrastructure has helped to steadily increase web traffic over the past few quarters, which has boosted digital sales. However, the company reported low gross margins in the fourth quarter, due to higher cost of goods sold. Supply chain headwinds also hurt results to some extent.

(You can read the full Home Depot research report here >>>)

Shares of PetroChina outperformed the industry Zacks Oil and Gas – Integrated – International over the past year (+44.3% vs. +30.5%). The Zacks analyst believes that with higher energy prices supporting the public giant’s exploration and production segment, the stock should rise further. As the nine-month results show, PetroChina’s upstream segment benefited from the recovery in oil prices. The unit posted an operating profit of RMB 58.4 billion, almost triple the profit of the previous year.

As one of two integrated Chinese oil companies, PetroChina is already well positioned to take advantage of the country’s growing demand for natural gas. The company’s natural gas business offers lucrative growth prospects in the coming years as China transitions from coal to natural gas. Therefore, PetroChina is a preferred energy company to own now.

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

Other noteworthy reports we are presenting today include Deere & Company and Mitsubishi UFJ Financial Group, Inc..

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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

Zacks names ‘only one best choice for doubling up’

From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.

It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.

This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.

Free: See our best stock and our 4 finalists >>

Click to get this free report

Amazon.com, Inc. (AMZN): Free Stock Analysis Report

The Home Depot, Inc. (HD): Free Inventory Analysis Report

PetroChina Company Limited (PTR): Free Inventory Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.