The Zacks Analyst Blog Highlights: SYK, SHOP, ATVI, TRP and DG

For Immediate Release

Chicago, IL – April 2, 2020 – 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 Stryker SYK, Shopify SHOP, Activision Blizzard ATVI, TC Energy TRP and Dollar General DG.

Here are highlights from Wednesday’s Analyst Blog:

Top Stock Reports for Stryker, Shopify and Activision Blizzard

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 Stryker, Shopify and Activision Blizzard. 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 >>>

Stryker’s shares have underperformed the Zacks Medical Products industry over the past six months (-26.8% vs. -13). The Zacks analyst believes that Stryker continues to gain from its core MedSurg unit, which put up a strong show in the fourth quarter.

Additionally, strength in flagship Mako platform continues to favor the company. Moreover, solid performance by the neurotech product lines drove the core Neurotechnology & Spine unit in the quarter under review. Robust international growth also instills investor optimism in the stock.

Expansion in operating margin is a positive while a strong outlook for 2020 is indicative of bright prospects. Stryker exited fourth-quarter 2019 on a strong note, wherein both earnings and revenues beat their respective consensus marks. However, pricing pressure continues to plague Stryker. Stiff competition in the MedTech space remains a headwind.

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

Shares of Shopify have gained 98.5% over the past year against the Zacks Internet Services industry’s fall of 18.6%. The Zacks analyst believes that Shopify is expected to benefit from a diversified expanding merchant base. Robust performance of Shopify Shipping, Shopify Payments and Shopify Capital is a key catalyst.

The company continues to launch merchant-friendly applications to cater to the demands of a dynamic retail environment, consequently bolstering merchant base. Moreover, initiatives aimed at international expansion and innovative expansion of services remains noteworthy. The acquisition of 6 River Systems is anticipated to boost growth of the company’s fulfillment network.

However, increasing investments on product development, infrastructure and platform are likely to limit margin expansion in the near term. Further, lack of significant presence in the Asia-Pacific market remains a headwind.

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

Activision Blizzard’s shares have lost -1% over the past three months against the Zacks Toys, Games and Hobbies industry’s fall of -7.1%. The Zacks analyst believes that Activision’s top line is expected to benefit from an expanding user base of Call of Duty: Modern WarfareHearthstoneWorld of Warcraft and King’s Candy Crush Saga, particularly owing to the coronavirus-led lockdowns globally.

The availability of the much-awaited World of Warcraft Classic and Call of Duty: Warzone is expected to expand the company’s user base in the near term. Further, growing popularity of Call of Duty Mobile and e-sports initiatives is expected to drive the top line in the near term. Activision's enviable IP and strength in popular gaming franchises bode well for the long haul. However, lack of major releases, particularly from the Blizzard division, is an overhang.

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

Other noteworthy reports we are featuring today include TC Energy and Dollar General.

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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 information about the performance numbers displayed in this press release.

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Stryker Corporation (SYK): Free Stock Analysis Report
Activision Blizzard, Inc (ATVI): Free Stock Analysis Report
Dollar General Corporation (DG): Free Stock Analysis Report
TC Energy Corporation (TRP): Free Stock Analysis Report
Shopify Inc. (SHOP): Free Stock Analysis Report
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