The Zacks Analyst Blog Highlights NVIDIA, Alphabet, Amazon, NextEra Energy and Marriott International
For Immediate Release
Chicago, IL – April 30, 2024 – 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: NVIDIA Corporation NVDA, Alphabet Inc. GOOGL, Amazon.com, Inc. AMZN, NextEra Energy, Inc. NEE and Marriott International, Inc. MAR.
Here are highlights from Monday’s Analyst Blog:
Top Stock Reports for NVIDIA, Alphabet and Amazon.com
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 NVIDIA Corporation, Alphabet Inc. and Amazon.com, 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 >>>
NVIDIA shares have outperformed the Zacks Semiconductor - General industry over the year-to-date period (+77.2% vs. +54.0%) reflecting the company's leadership in the artificial intelligence (AI) space.
The data center end-market business is benefiting from the growing demand for generative AI and large language models using graphic processing units (GPUs) based on NVIDIA Hopper and Ampere architectures. A surge in hyperscale demand and higher sell-ins to partners across the Gaming and ProViz end markets following the normalization of channel inventory are acting as tailwinds.
Collaborations with Mercedes-Benz and Audi are likely to advance its presence in the autonomous vehicles and other automotive electronics space. However, its near-term prospects are likely to be hurt by softening IT spending amid macroeconomic headwinds.
(You can read the full research report on NVIDIA here >>>)
Shares of Alphabet have modestly outperformed the Zacks Internet - Services industry over the year-to-date period (+23.1% vs. +20.0%). The company’s first quarter results were driven by solid momentum in the cloud business. Further, improving Search performance on the back of major Search updates, was a positive.
Also, strength in YouTube contributed well. Notably, robust cloud division remains the key catalyst. Expanding data centers will continue to bolster its presence in the cloud space. Strengthening generative AI capabilities should aid business growth in the long term. Alphabet’s deepening focus on wearables category remains a tailwind. Expanding presence in the autonomous driving space is a plus.
However, sluggish Network advertisement business is a negative. Increasing litigation issues and expenses remain concerns. Rising cloud competition from Microsoft and Amazon is a concern.
(You can read the full research report on Alphabet here >>>)
Amazon.com shares have outperformed the Zacks Internet - Commerce industry over the year-to-date period (+18.2% vs. +10.6%) on the back of momentum in its Prime unit and the favorable outlook for its cloud business.
Additionally, the strong adoption rate of AWS is aiding the company’s cloud dominance. Expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers. The company’s strong global presence and solid momentum among the small and medium businesses remain tailwinds.
Growing capabilities in grocery, pharmacy, healthcare and autonomous driving are other positives. Also, deepening focus on generative AI is a major plus. However, adverse macroeconomic challenges remain headwinds. Rising transportation and fulfillment center costs are concerns.
(You can read the full research report on Amazon.com here >>>)
Other noteworthy reports we are featuring today include NextEra Energy, Inc. and Marriott International, Inc.
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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Amazon.com, Inc. (AMZN) : Free Stock Analysis Report
NextEra Energy, Inc. (NEE) : Free Stock Analysis Report
Marriott International, Inc. (MAR) : Free Stock Analysis Report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
Alphabet Inc. (GOOGL) : Free Stock Analysis Report
