Yahoo Finance The Zacks Analyst Blog Highlights SAP, Elevance Health, Diageo, SLB and Charter Communications
For Immediate Release
Chicago, IL – April 3, 2023 – 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: SAP SE SAP, Elevance Health, Inc. ELV, Diageo plc DEO, SLB Ltd. SLB and Charter Communications, Inc. CHTR.
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for SAP, Elevance Health and Diageo
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 SAP SE, Elevance Health, Inc. and Diageo plc. 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 >>>
Shares of SAP have outperformed the Zacks Computer - Software industry over the past year (+13.9% vs. -6.1%), reflecting momentum in its cloud business (especially the new Rise with SAP solution) across all regions.
Momentum in SAP’s business technology platform particularly the S/4HANA solutions augurs well. The company’s restructuring plan is expected to better align its operating models and go-to-market approach with its accelerated cloud transformation. Frequent product launches like SAP Build and strategic collaborations bodes well.
However, the company’s performance is affected due to continued softness in software licenses and support business segments coupled with supply chain constraints, global macroeconomic weakness and geopolitical instability. Also, increasing research & development and sales & marketing expenses coupled with stiff competition in the cloud space are concerns.
(You can read the full research report on SAP here >>>)
Shares of Elevance Health have declined -8.1% over the past year against the Zacks Medical Services industry’s decline of -29.7%.
While margins pressures and a relatively debt-heavy balance sheet are causes for concern, Elevance Health is benefiting from improving top line on the back of premium rate increases and higher memberships. Acquisitions, collaborations and product expansions have enabled the company to strengthen its business portfolio.
Its well-performing Medicare and Medicaid businesses, coupled with several contract wins, are expected to drive its membership going ahead. Growing premiums, stemming from rate increases are aiding the company's results. Elevance Health utilizes excess capital to boost shareholder value.
(You can read the full research report on Elevance Health here >>>)
Shares of Diageo have gained +6.8% over the past six months against the Zacks Beverages - Alcohol industry’s gain of +10.3%. The company’s robust sales growth, organic operating margin expansion, productivity savings and favorable currency impact aided first-half fiscal 2023 results. Effective marketing and exceptional commercial execution further aided the results.
Price/mix gained from a positive mix due to the robust growth in super-premium-plus brands, particularly scotch, tequila and Chinese white spirits. DEO’s margin trends were favorable in the first half, thanks to its premiumization efforts, recovery in markets, pricing actions and supply productivity savings, which mostly offset the cost inflation.
The company retained its optimistic view for the medium to long term. However, inflationary pressures from higher glass, ocean freight and other transportation costs, and currency headwinds are concerning.
(You can read the full research report on Diageo here >>>)
Other noteworthy reports we are featuring today include SLB Ltd. and Charter Communications, 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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Schlumberger Limited (SLB) : Free Stock Analysis Report
SAP SE (SAP) : Free Stock Analysis Report
Charter Communications, Inc. (CHTR) : Free Stock Analysis Report
Diageo plc (DEO) : Free Stock Analysis Report
Elevance Health, Inc. (ELV) : Free Stock Analysis Report
