The Zacks Analyst Blog Highlights: Facebook, Cisco Systems, T-Mobile US, Uber and CVS Health
For Immediate Release
Chicago, IL – August 11, 2020 – 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: Facebook, Inc. FB, Cisco Systems, Inc. CSCO, T-Mobile US, Inc. TMUS Uber Technologies, Inc. UBER and CVS Health Corporation CVS.
Here are highlights from Monday’s Analyst Blog:
Top Research Reports for Facebook, Cisco and T-Mobile U.S.
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 Facebook, Cisco Systems and T-Mobile US. 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 >>>
Facebook shares have outperformed the Zacks Internet - Services industry year to date (+30.7% vs. +18.8%), with the momentum expected to continue on the back of strong user engagement as reflected in the company's blowout June-quarter results. The Zacks analyst points out that the company has benefitted from increased engagement with its products in the reported quarter as more people were compelled to stay at home due to the coronavirus outbreak.
However, Facebook expects user-base growth to be flat or slightly down in most of its regions in the third quarter of 2020, sequentially. The company expects ad-revenue growth on a year-over-year basis to be roughly 10%. Further, a number of companies have announced plans to freeze ad spending on Facebook due to its failure to eradicate hate speech and misinformation. This is expected to hurt top-line growth, at least in the near term.
(You can read the full research report on Facebook here >>>)
Shares of Cisco have gained +9.5% over the past three months compared with the Zacks Computer - Networking industry’s increase of +9.6%. The Zacks analyst believes that Cisco is well poised to benefit from robust demand for identity and access, advanced threat as well as unified threat management security solutions fuelled by coronavirus crisis-induced high growth in Internet traffic. Moreover, solid uptake of Webex video conferencing and business productivity offerings on account of COVID-19 induced work-from-home demand environment is noteworthy.
However, weak demand for servers and HyperFlex solutions is a woe. Moreover, sluggishness in the commercial, service provider and enterprise end markets and coronavirus crisis-induced supply chain constraints are likely to put pressure on the top line.
(You can read the full research report on Cisco here >>>)
Shares of T-Mobile US have gained +46.8% year to date against the Zacks Wireless National industry’s fall of -1.9%. The Zacks analyst is confident about the company’s ability to unlock massive synergies and build the world’s best 5G network. It has the country’s largest 5G network, covering more than 250 million people across 1.3 million square miles. It has a mid-band 5G service using 2.5 GHz spectrum live in eight major markets.
However, the company operates in a fiercely competitive and almost saturated U.S. telecom market that undermines its growth potential. Low-priced service plans for individual consumers as well as small business entities have not significantly improved its bottom-line numbers. In addition, several promotional activities to lure customers from rivals have eroded the profitability.
(You can read the full research report on T-Mobile US here >>>)
Other noteworthy reports we are featuring today include Uber and CVS Health.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
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
Cisco Systems, Inc. (CSCO) : Free Stock Analysis Report
CVS Health Corporation (CVS) : Free Stock Analysis Report
Facebook, Inc. (FB) : Free Stock Analysis Report
TMobile US, Inc. (TMUS) : Free Stock Analysis Report
Uber Technologies, Inc. (UBER) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
