For immediate release
Chicago, IL – May 3, 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: Apple Inc. AAPL, Intel Corp. INTC, Citigroup Inc. C, Nutrien Ltd. NTR and KLA Corp. KLAC.
Here are the highlights from Monday’s analyst blog:
Best Stock Reports for Apple, Intel and Citigroup
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 Apple Inc., Intel Corp. and Citigroup Inc. These research reports have been handpicked from the approximately 70 reports published by our team of analysts today.
You can see all today’s research reports here >>>
Apple shares have gained +19.1% over the past year against the industry’s +20.0% gain Zacks Computer – Minicomputers. The Zacks analyst believes the company is benefiting from continued momentum in services and robust performance from iPhone, Mac, wearables and a growing App Store ecosystem. The availability of the new Mac Studio and the new iPad Air should drive revenue growth. Apple TV+ is gaining recognition with award-winning shows. This bodes well for the Services segment. Services revenue growth is expected to be strong.
However, COVID-induced supply chain disruptions and industry-wide silicon shortages will likely affect revenue by $4 billion to $8 billion. The unfavorable currency should also hurt revenues. The lack of Russian income will hurt turnover.
Intel shares are down -13.8% year-to-date compared to the industry’s -25.5% decline Zacks Semiconductor – General. The Zacks analyst thinks Client Computing Group will suffer due to a shortage of components. Production delays related to the 7nm ramp-up remain a concern. A strained Sino-U.S. trade relationship, the imposition of new lockdown restrictions in some markets, currency issues and high debt burdens remain other concerns.
However, the company expects demand to pick up in the second half. Intel is betting on the prospects for the Internet of Things and Mobileye businesses. The recovery in the enterprise sector of the data center segment is positive. Mobileye’s growth is expected to be driven by design gains as the auto industry recovers.
Citigroup shares are down -18.5% year-to-date versus Zacks Banks – Major regional industry down -17.9%. The company’s high spending on transformational investments could limit earnings growth. The elimination of overdraft fees will hamper short-term commission revenue growth.
However, higher deposit balances and book value per share were positive as weak capital markets activity hurt first quarter results. Continuing its strategy of exiting the consumer banking business in 14 international markets, Citigroup signed nine agreements to sell these businesses to simplify operations and focus on institutional franchises. Growth in net interest income and decent liquidity are positives.
Other noteworthy reports we feature today include Nutrien Ltd. and KLA Corp.
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