For immediate release
Chicago, IL – June 24, 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, Broadcom Inc. AVGO, Anthem, Inc. ANTM, Oracle Corp. ORCL and Danaher Corp. DHR.
Here are highlights from Thursday’s analyst blog:
Best Stock Reports for Tesla, Broadcom and Anthem
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., Broadcom Inc. and Anthem, Inc. These research reports have been handpicked from the nearly 70 reports published by our team of analysts today.
You can see all research reports from today here >>>
You’re here stocks have been hit hard by the current market turmoil, as have most growth stocks given their exposure to rising interest rates. But the stock has held up better than the peer group, easily outperforming industry Zacks Automotive – Domestic over the past year (+2.2% vs -25.7%). The company is banking on the growing popularity of its 3 and Y models.
The Zacks analyst expects shipments to grow about 50% annualized over the next three years. High volumes also help Tesla achieve production efficiencies, bolstering gross margins. Excluding government credits, Tesla’s gross margins hit 30% in the first quarter. This indicates that supply chain issues that hit the business are passed on to the consumer.
Additionally, Tesla’s energy generation and storage revenue outlook is promising. While weak second-quarter deliveries from the Shanghai gigafactory could be a short-term headwind, we expect Tesla to deliver outsized long-term returns thanks to the ramp-up in production and the introduction of new models.
(You can read the full Tesla research report here >>>)
Broadcom Shares have outperformed industry Zacks Electronics – Semiconductors over the past year (+9.2% vs. -5.5%) on strength in the network and server storage segments. Networking is driven by the strong adoption of Broadcom’s next-generation merchant routing and switching solutions by hyperscalers, enterprises and service providers. Mass adoption of its next-generation server storage solutions by hyperscalers is expected to drive revenue growth.
Broadcom expects fiscal third-quarter networking and server storage revenue to grow more than 25% and 60% year-over-year, respectively. The upbeat outlook for the third quarter of fiscal 2022 is encouraging. The recently announced VMware acquisition will help the long-term outlook. Year-to-date, equities have outperformed the industry. However, growing competition, as well as high debt levels, are persistent overhangs.
(You can read the full Broadcom research report here >>>)
Anthem shares have outperformed the industry Zacks Medical – HMO over the past year (+26.4% vs. +19.6%). The improvement in the company’s turnover can be attributed to an increase in premium rates and an increase in memberships. Acquisitions and collaborations have enabled the company to accelerate its Medicare Advantage growth and strengthen its business portfolio. Its successful Medicare and Medicaid businesses, coupled with several contract wins, are expected to boost its uptake.
Strong earnings guidance for 2022 bodes well. Its shareholders have approved the name change from Anthem to Elevance Health. Anthem’s consistent dividend payouts and stock buybacks increase shareholder value. However, escalating costs continue to put pressure on Anthem’s results. Its fragile balance sheet with massive debts of nearly $20 billion may affect financial flexibility. As such, the title warrants a cautious stance.
(You can read the full Anthem research report here >>>)
Other noteworthy reports we’re featuring today include Oracle Corp. and Danaher 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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Danaher Corporation (DHR): Free Stock Analysis Report
Oracle Corporation (ORCL): Free Inventory Analysis Report
Broadcom Inc. (AVGO): Free Stock Analysis Report
Tesla, Inc. (TSLA): Free Stock Analysis Report
Anthem, Inc. (ANTM): Free Stock Analysis Report
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