For immediate release
Chicago, IL – May 10, 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: Adobe Inc. ADBE, Danaher Corp. DHR, Equinor ASA EQNR, Advanced Micro Devices, Inc. AMD and Automatic Data Processing ADP.
Here are the highlights from Monday’s analyst blog:
Top analyst reports for Adobe, Danaher, Equinor and others
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 Adobe Inc., Danaher Corp. and Equinor ASA. These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.
You can see all today’s research reports here >>>
Adobe stocks have lasted a bit in the ongoing market downturn, down -33.4% year-to-date versus a -24% drop for the Zacks Tech sector and a -13.8 drop % for the S&P 500 Index. Driving this weakness is the shift in sentiment against software and other tech stocks in the current Fed tightening cycle.
That said, Adobe is a very profitable company with a dominant market position in its core business that allows it to rebound strongly once conditions stabilize. The company’s Creative Cloud, Document Cloud and Adobe Experience Cloud products help it drive revenue growth. Additionally, rising subscription revenue and strong mobile app momentum remain major positives.
Additionally, growth in emerging markets, strong demand for online video creation, strong adoption of Acrobat, and improving average revenue per user remain supportive. We remain optimistic about Adobe’s market position, compelling product lines, persistent innovation, and strong adoption of Creative Cloud and Adobe Marketing Cloud.
In addition, the company’s strong balance sheet remains another bright spot. Still, declining end-market demand and high acquisition costs remain major overhangs.
(You can read the full Adobe research report here >>>)
Danaher shares are down -5.8% over the past year compared to the -19.5% decline in Zacks’ diversified trading industry. The Zacks analyst believes that the company’s cost inflation and issues with supply chain restrictions could be concerns in the coming quarters. High debts could inflate financial obligations and forex woes are likely to be cause for concern.
The company is poised to benefit from the Danaher Business System (“DBS”), healthy shareholder rewards, buyout benefits and product innovations in the coming quarters. The impact of COVID-related testing is expected to drive sales into the low-single digits for the second quarter.
(You can read the full Danaher research report here >>>)
Shares of Equine outperformed the Zacks Alternative Energy – Other industry over the past year (+56.6% vs. +16.9%). The company is a leading integrated energy company, with operations spread across 30 countries. In 2021, the company completed 21 exploration wells, with 8 commercial discoveries.
To combat climate change, the company actively invests in renewable energy projects, including power generation from solar and wind power. This reflects the company’s strong commitment to returning capital to shareholders. Given these tailwinds, Equinor is considered a preferred energy company to own now.
(You can read the full research report on Equinor here >>>)
Other noteworthy reports we’re featuring today include Advanced Micro Devices, Inc. and Automatic Data Processing, Inc.
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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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Advanced Micro Devices, Inc. (AMD): Free Inventory Analysis Report
Automatic Data Processing, Inc. (ADP): Free Inventory Analysis Report
Danaher Corporation (DHR): Free Stock Analysis Report
Adobe Inc. (ADBE): Free Inventory Analysis Report
Equinor ASA (EQNR): Free Stock Analysis Report
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