Technology

The Zacks Analyst Blog Highlights: Walmart, NIKE, Citigroup, Intel and ResMed

For Immediate Release

Chicago, IL – December 3, 2019 – 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: Walmart Inc. WMT, NIKE, Inc. NKE, Citigroup Inc. C, Intel Corp. INTC and ResMed Inc. RMD.

Here are highlights from Monday’s Analyst Blog:

Top Stock Reports for Walmart, Nike and Citigroup

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 Walmart Inc., NIKE, Inc. and Citigroup Inc. 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 >>>

Walmart’s shares have outperformed the Zacks Retail - Supermarkets industry year to date (+27.0% vs. +24.2%). The Zacks analyst believes that Walmart’s top line has been gaining from its focus on enhancing e-commerce and store operations. Further, the company is making efforts to improve its International unit by shifting focus to profitable countries. These factors helped Walmart retain its sturdy earnings surprise record in third-quarter fiscal 2019, wherein U.S. comps rose for the 21st straight time.

However, the company has been witnessing strained margins for a while now, due to costs associated with e-commerce and technological investments; along with a compelling pricing strategy. In fact, investment in Flipkart is expected to continue weighing on Walmart’s bottom line in fiscal 2020.

Shares of Nike have gained 54.7% in the past two-year period against the Zacks Shoes and Retail Apparel industry’s rise of 48.7%. The Zacks analyst believes that despite a volatile macroeconomic and geopolitical environment, Nike expects to continue investing in key capabilities to aid digital transformation and deliver robust growth in fiscal 2020 and beyond.

First-quarter fiscal 2020 had already marked the 10th straight quarter of top-line beat for the company, with earnings beat in 29 of the last 30 quarters. But, higher SG&A expenses and tax rate, as well as adverse currency are headwinds. The company expects SG&A expenses to increase high-single digit in second-quarter fiscal 2020.

Citigroup’s shares have outperformed the Zacks Banks - Major Regional industry year to date (+45.1% vs. +30.5%). The Zacks analyst believes that its impressive third quarter results reflected revenue strength, along with rising loan and deposit balance. Also, investment banking revenues escalated and reduced volumes and client activity levels were recorded in the quarter. Citigroup’s streamlining efforts, along with strategic investments in core business, bode well for the long term. Also, declining costs base support the bottom-line improvement.

However, pending litigation issues might keep legal expenses elevated. Further, decline in fee income is another concern for the company.

Other noteworthy reports we are featuring today include Intel Corp. and ResMed Inc.

Free: Zacks’ Single Best Stock Set to Double

Today you are invited to download our latest Special Report that reveals 5 stocks with the most potential to gain +100% or more in 2020. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

This pioneering tech ticker had soared to all-time highs and then subsided to a price that is irresistible. Now a pending acquisition could super-charge the company’s drive past competitors in the development of true Artificial Intelligence. The earlier you get in to this stock, the greater your potential gain.

See 5 Stocks Set to Double>>

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                   

http://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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.


Click to get this free report

Citigroup Inc. (C): Free Stock Analysis Report

ResMed Inc. (RMD): Free Stock Analysis Report

Walmart Inc. (WMT): Free Stock Analysis Report

NIKE, Inc. (NKE): Free Stock Analysis Report

Intel Corporation (INTC): 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.

Latest Technology Videos

Sundar Pichai's Google Move Will Increase Visibility, Techonomy's Kirkpatrick Says

David Kirkpatrick, chief executive officer and founder of Techonomy Media, discusses the decision by Google founders Larry Page and Sergey Brin to make Sundar Pichai chief executive officer of both Google and its holding company Alphabet Inc.

6 days ago