For Immediate Release
Chicago, IL – October 23, 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
,
Verizon Communications Inc.
VZ
,
Snap Inc.
SNAP
,
Whirlpool Corp.
WHR
and
NVR, Inc.
NVR
.
Here are highlights from Thursday’s Analyst Blog:
Top Stock Reports for Facebook, Verizon, Snap and Others
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, Inc., Verizon Communications Inc. and Snap 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 >>>
Facebook
shares have outperformed the Zacks Internet – Services industry in the year-to-date period (+35.8% vs. +23.1%) on the back of steady user growth across all regions, particularly Asia Pacific. The coronavirus-led lockdowns and shelter-in-place guidelines have increased engagement of its products like Instagram, WhatsApp, Messenger and Facebook Watch. Next week’s Q3 earnings report (after the market’s close on Thursday, October 29th) will give us updates on all of these trends.
However, Facebook expects user-base growth to be flat or slightly down in most of its regions in the third quarter of 2020, sequentially. 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
Verizon
have lost -6.8% over the past one-year period against the Zacks Wireless National industry’s fall of -7.4%. The Zacks analyst believes that Verizon is facing challenges within the media business due to sluggish advertising trends. It operates in a fiercely competitive U.S. wireless market that strains margins. The company is spending heavily on promotion and lucrative discounts to attract customers, which erodes profitability.
Among the positives, Verizon launched 35th 5G Ultra-Wideband city in San Diego and intends to make 60 5G mobility cities this year. It is building the 5G home solution and mobile edge computing on the same network.
(You can
read the full research report on Verizon here >>>
)
Snap
shares jumped on strong Q3 results, pushing the stock’s one-year performance to +176.9% vs. the Zacks Internet – Software industry’s rise of +104.7%. The Zacks analyst believes that Snap is benefiting from improving user engagement particularly in the 13-34-year-old demography, which is expanding its advertiser base. Additionally, expanding Snap original show content, as well as new features like Camera Kit, Snap Minis and Bitmoji for Games is expected to boost user engagement in the near term.
However, increasing investments in areas such as content, AR-lenses and marketing may hurt profitability in the near term. Moreover, uncertainties related to the coronavirus pandemic, lack of revenue diversification and stiff competition from Facebook are major headwinds.
(You can
read the full research report on Snap here >>>
)
Other noteworthy reports we are featuring today include Whirlpool Corp. and NVR, Inc.
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released
Century of Biology: 7 Biotech Stocks to Buy Right Now
to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>
Join us on Facbook:
http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Media Contact
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/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