Zacks analyst blog spotlights Alphabet, Bank of America, The Charles Schwab, Caterpillar and Starbucks

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Chicago, IL – June 22, 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: Alphabet Inc. GOOGL, Bank of America Corp. BAC, The Charles Schwab Corp. SCHW, Caterpillar Inc. CAT and Starbucks Corp. SBUX.

Here are the highlights from Tuesday’s analyst blog:

Best analyst reports for Alphabet, Bank of America and Charles Schwab

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 Alphabet Inc., Bank of America Corp. and The Charles Schwab Corp. 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 >>>

Alphabet Equities have held up much better than the peer group in the ongoing market downturn, with the stock losing -9.5% of its value over the past year against the -26.1% decline in l Zacks Internet Industry – Services. While rising expenses and regulatory uncertainty issues are worrisome, Alphabet’s strong cloud division is contributing to substantial revenue growth.

Moreover, the expansion of data centers will continue to strengthen its presence in the cloud space. Additionally, major updates in its search segment improve search results. Additionally, Google’s mobile search is gaining momentum.

Additionally, a strong focus on the innovation of AI techniques and the home automation space is expected to drive long-term business growth. Additionally, its growing focus on the wearables category remains a tailwind. The company’s growing efforts to gain a foothold in the healthcare industry are further positives. Plus, Alphabet’s growing presence in the self-driving space helps a lot.

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

Bank of America stocks are down -18% over the past year, better than JPMorgan’s -23.3% decline but worse than the S&P 500’s -14.1% decline. Ongoing recession fears are weighing on BAC shares and the wider group, as evidenced by the flattening of the yield curve which is offsetting the margin benefits of the Fed tightening cycle.

However, the opening of new financial centers, improved digital capabilities and cost-cutting efforts will likely continue to help financials. Supported by robust loan growth and the investment banking (IB) pipeline, the company’s revenue is expected to continue to improve in the coming quarters. The company will continue to build shareholder value through impressive capital deployments.

(You can read the full Bank of America research report here >>>)

The Charles Schwab company. shares are down -11.7% over the past year against Zacks Financial – the investment banking industry’s decline of -22.1%. The company’s high operating expenses could hamper its earnings growth to some extent. However, strategic acquisitions, likely to be accretive, have strengthened Schwab’s position as a major brokerage player.

The company’s commission-free trading offering has resulted in an increase in client assets and brokerage accounts, thereby improving trading revenue. Schwab’s efficient capital deployments reflect a strong balance sheet position, through which it will increase shareholder value.

(You can read the full research report on Charles Schwab here >>>)

Other noteworthy reports we feature today include Caterpillar Inc. and Starbucks Corp.

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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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Bank of America Corporation (BAC): Free Stock Analysis Report

Caterpillar Inc. (CAT): Free Inventory Analysis Report

Starbucks Corporation (SBUX): Free Inventory Analysis Report

The Charles Schwab Corporation (SCHW): Free Stock Analysis Report

Alphabet Inc. (GOOGL): Free Stock Analysis Report

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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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