The Zacks Analyst Blog Highlights Amazon, Accenture, Comcast, Morgan Stanley, and Caterpillar

For Immediate Release

Chicago, IL – July 1, 2022 – 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: Amazon.com, Inc. AMZN, Accenture plc ACN, Comcast Corp. CMCSA, Morgan Stanley MS and Caterpillar Inc. CAT.

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for Amazon, Accenture and Comcast

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 Amazon.com, Inc., Accenture plc, and Comcast Corp.. 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 >>>

Amazon shares have significantly lagged the broader market lately, with the stock down -37.4% in the year-to-date period vs. -20.3% decline for the S&P 500 index. Amazon has missed top-line estimates in each of the last four quarters, as growth has decelerated in the post-pandemic period. Rising costs and over-capacity also appear to be headwinds.

That said, Amazon remains the undisputed leader in ecommerce and cloud computing. Gaining on solid Prime momentum owing to ultrafast delivery services and strong content portfolio. Further, strengthening relationships with third-party sellers is a positive.

Also, growing momentum across Amazon Music is contributing well. Additionally, the strong adoption rate of AWS is aiding the company's cloud dominance. Also, expanding AWS services portfolio is continuously helping Amazon in gaining further momentum among the customers.

Robust Alexa skills and expanding smart home products portfolio are positives. Additionally, the company's strong global presence and solid momentum among the small and medium businesses remain tailwinds.

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

Accenture shares have modestly underperformed the Zacks Consulting Services industry over the past year (-4.0% vs. -2.5%).

While Accenture is faced with a number of near-term challenges like increased competition from strong companies like Genpact, Cognizant and Infosys, and exposure to exchange rate fluctuations as a result of its global status, it has been steadily gaining traction in its outsourcing and consulting businesses.

The company has been strategically enhancing its cloud and digital marketing suite through buyouts and partnerships. The company's strong operating cash flow has helped it reward its shareholders in the form of dividend payments and share repurchases, and pursue opportunities in areas that show true potential.

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

Comcast shares have declined -29.7% over the past year against Zacks Cable Television industry's decline of -31.5%. The company is persistently suffering from video-subscriber attrition due to cord-cutting. Moreover, a leveraged balance sheet is a major concern. However, Comcast is benefiting from strength in broadband subscriber base and strong momentum in the wireless business.

The company's strategy to provide high-speed Internet at an affordable price plays a pivotal role in providing connectivity and improving customer experience. Moreover, COVID-led increased media consumption and the work-from-home and online-learning waves bode well for Comcast's Internet business.

The company's streaming service Peacock gained significant traction within a short span and is a key catalyst in driving broadband sales. Strong free cash flow generation ability is noteworthy.

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

Other noteworthy reports we are featuring today include Morgan Stanley and Caterpillar.
 
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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
 
Morgan Stanley (MS) : Free Stock Analysis Report
 
Accenture PLC (ACN) : Free Stock Analysis Report
 
Caterpillar Inc. (CAT) : Free Stock Analysis Report
 
Comcast Corporation (CMCSA) : Free Stock Analysis Report
 
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