Zacks Analyst Blog Highlights Tesla, Cisco Systems, Advanced Micro Devices, CSX, Truist Financial and TJX Companies
For immediate release
Chicago, IL – March 25, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Tesla, Inc. TSLA, Cisco Systems, Inc., CSCO, Advanced Micro Devices, Inc. AMD, CSX Corp. CSX, True Financial Corp. TFC and The TJX Companies, Inc. TJX.
Here are highlights from Thursday’s analyst blog:
Best analyst reports for Tesla, Cisco and AMD
Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Tesla, Inc., Cisco Systems, Inc. and Advanced Micro Devices, Inc. These research reports were selected from approximately 70 reports published by our team of analysts today. .
Shares of You’re here have easily outperformed the industry Zacks Automotive – Domestic over the past year (+56% vs. +10.3%). Along with increasing deliveries of the Model 3, which is the world’s best-selling electric vehicle, the Model Y is bolstering Tesla’s prospects. With China being the biggest market for electric vehicles, Tesla’s ambitious production plans in the country bode well.
The robust production of the Model 3 and Model Y from the Shanghai gigafactory is a major positive catalyst. In addition to strong automotive revenue, Tesla’s power generation and energy storage revenue is also growing on the positive reception of Megapack and Powerwall products. Given the tailwinds, Tesla looks like an attractive bet and is poised to appreciate in the stock price.
Shares of Cisco slightly outperformed the Zacks Computer – Networking industry over the past year (+7.9% vs. +6.5%) thanks to the strength of its product portfolio, its customer segments and the dynamics of growth in product orders. The strength of the Webscale business and the solid adoption of switching solutions, particularly the Catalyst 9000 and Meraki offerings, as well as the robust adoption of the company’s subscription offerings have been tailwinds. The company is benefiting from strong adoption of Identity and Access Security, Advanced Threat Management and Unified Threat Management solutions in an environment of strong Internet traffic growth.
The acquisition of Acacia Communications bodes well for the long term. Management warned that component shortages and ongoing supply chain issues are expected to persist through the remainder of fiscal 2022 and drive up costs. This is likely to reduce revenue and expand margins. Year-to-date, stocks have underperformed the industry.
Shares of Advanced micro-systems outperformed the industry Zacks Electronics – Semiconductors over the past year (+49.5% vs. +20.4%). Zacks analyst believes AMD is benefiting from sales of its Ryzen and EPYC server processors, due to the growing proliferation of artificial intelligence (AI) and machine learning (ML) in industries such as areas of cloud, gaming and data centers. The growing influence of 7 nanometer (nm) products in the data center vertical, driven by work-from-home and e-learning trends, is a key enabler.
AMD provided strong revenue guidance for 2022 thanks to robust growth across all businesses. The sequential increase is expected to be led by higher server and client processor revenues. Acquisition of Xilinx will boost AMD’s data center business. Additionally, alliances with Amazon, Microsoft, Baidu, and JD.com increase business prospects. However, fierce competition from NVIDIA and Intel is a concern.
Other noteworthy reports we feature today include CSX Corp., Truist Financial Corp. and The TJX Companies, Inc.
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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. To visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.
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