For immediate release
Chicago, IL – February 4, 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: NVIDIA Corp. NVDA, United Parcel Service, Inc. UPS and Intuit Inc. INTU.
Here are highlights from Thursday’s analyst blog:
Better inventory reports for NVIDIA, UPS and Intuit
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 NVIDIA Corp. (NVDA), United Parcel Service, Inc. (UPS) and Intuit Inc. (INTU). 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 Nvidia outperformed the Zacks General Semiconductor industry over the past year (+84.8% vs. +36.4%). The Zacks analyst believes NVIDIA benefited from the coronavirus-induced work and home learning wave as well as strong growth in GeForce graphics processing units for desktops and laptops.
An increase in Hyperscale demand has boosted NVDA’s Data Center business. The expansion of NVIDIA GeForce NOW should boost the user base. Additionally, the solid adoption of AI-based smart cockpit infotainment solutions is a boon. However, the woes related to the pandemic are likely to weigh on revenues in the short term.
(You can read the full NVIDIA research report here >>>)
United Parcel Service shares have gained +22.9% over the past six months against the +7.4% rise in the industry Zacks Transportation – Air Freight and Freight. The Zacks analyst appreciates UPS’s efforts to reward shareholders through dividends and buybacks. UPS paid dividends worth $2.6 billion in the first nine months of 2021.
An impressive liquidity position and strong free cash flow generation have supported its shareholder-friendly activities. In August, the UPS board approved a new $5 billion stock buyback program, replacing its existing $2.1 billion program. However, high operating expenses and rising fuel costs hurt the bottom line.
(You can read the full United Parcel Service research report here >>>)
Shares of Intuitive have lost -10% in the last three months against a loss of -10.4% for computer software industry Zacks. Intuit’s short-term outlook looks bleak due to pandemic woes. Rising costs and expenses due to increased investment in marketing and engineering also hurt its bottom line.
The Zacks analyst, however, believes that Intuit benefited from strong revenue momentum from the online ecosystem as well as strong business tax revenue. Intuit’s strategy of moving its business to a cloud-based subscription model will help generate stable long-term revenue. The strength of its loan product, QuickBooks Capital, remains positive.
(You can read the full Intuit research report here >>>)
Other noteworthy reports we are featuring today include Anheuser-Busch InBev SA/NV (BUD) and Vertex Pharmaceuticals Inc. (VRTX).
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In addition to the investment ideas discussed above, would you like to know our top 10 picks for all of 2022?
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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.
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United Parcel Service, Inc. (UPS): Free Inventory Analysis Report
NVIDIA Corporation (NVDA): Free Stock Analysis Report
Intuit Inc. (INTU): Free Inventory Analysis Report
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Zacks Investment Research
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