Zacks analyst blog spotlights S&P Global, Sony Group, 3M, Northrop Grumman and Shopify

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For immediate release

Chicago, IL – August 11, 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: S&P Global Inc. SPGI, Sony Group Corp. SONY, 3M Co. MMM, Northrop Grumman Corp. NOC and Shopify Inc. SHOP.

Here are highlights from Thursday’s analyst blog:

Top analyst reports for S&P Global, Sony and 3M

Zacks Research Daily features the best research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including S&P Global Inc., Sony Group Corp. and 3M Co.. These research reports have been handpicked from the approximately 70 reports published by our team of analysts today.

You can see all research reports from today here >>>

S&P Globall Shares have fallen -9.5% over the past year compared to a decline of -8.3% for the broader market, reflecting the data provider’s exposure to an uncertain macro environment. Although the company faces a number of near-term challenges, it is well positioned to take advantage of the growing demand for business information services.

Buyouts help innovate, increase differentiated content, and develop new products. Effective management execution has helped it generate strong cash flow which is being used for growth initiatives. Dividend payouts and share buybacks build investor confidence and have a positive impact on earnings per share.

(You can read the full research report on S&P Global here >>>)

Sony shares are down -16.4% over the past year against audio-video production industry Zacks’ -19.8% decline. The Zacks analyst believes that due to weak macroeconomic conditions, the company has cut its operating profit forecast for fiscal 2022. Operating profit is now expected to fall 8% from a decline of 3 .5% previously forecast.

The company expects operating margin for the year to be impacted by lower operating income in the G&NS segment. The fierce rivalry and high cost of goods sold are problematic. However, the first quarter performance benefited from the increase in revenues from the Music and Images segments. It remains focused on the premium segment of the branded goods market to maximize growth.

For fiscal 2022, the company now expects sales to increase by 16% due to higher sales in the Music, Pictures and E&TS segments. Strategic acquisitions and joint ventures bode well for the long term. The company continues to expect sales of 18 million units for its PlayStation 5.

(You can read the full Sony research report here >>>)

3M shares are down -23.2% over the past year against the -20.4% decline in Zacks’ diversified trading services industry. The Zacks analyst believes supply chain disruptions, raw material and logistics cost inflation are weighing on 3M’s operations. Foreign currency headwinds impact company revenue.

The company has cut its 2022 sales and earnings forecast. Due to these headwinds, shares of the company have lost 17% so far this year. However, strong demand in most end markets is supporting 3M’s growth. The company’s pricing actions and restructuring initiatives are supporting its margin performance.

Improvements in the abrasives, electrical markets, roofing granules, automotive aftermarket and industrial adhesives businesses bode well for the company. Strength in the separation and purification business, due to strong demand for biopharmaceutical filtration solutions for COVID-related vaccines, is driving the performance of the Healthcare segment.

(You can read the full 3M research report here >>>)

Other noteworthy reports we’re featuring today include Northrop Grumman Corp. and Shopify 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. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

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Northrop Grumman Corporation (NOC): Free Stock Analysis Report

3M Company (MMM): Free Inventory Analysis Report

Shopify Inc. (SHOP): Free Inventory Analysis Report

S&P Global Inc. (SPGI): Free Stock Analysis Report

Sony Corporation (SONY): Free Stock Analysis Report

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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.

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