For Immediate Release
Chicago, IL – April 2, 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 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.
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.
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.
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 Warfare, Hearthstone, World 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.
Other noteworthy reports we are featuring today include TC Energy and Dollar General.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.
This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks Investment Research
800-767-3771 ext. 9339
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 http://www.zacks.com/performancefor 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
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
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.