Wednesday, May 12, 2021
The Zacks Research Daily presents the best research output from our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including QUALCOMM (QCOM), Applied Materials (AMAT) and General Motors (GM). These research reports were hand-picked from the approximately 70 reports published today by our team of analysts.
You can see everything of today’s research reports here >>>
Shares of QUALCOMM have outperformed the Zacks Wireless Equipment industry over the past year (+ 64.5% vs. + 56.9%). Zacks’ analyst believes the chip maker is benefiting from robust global demand for smartphones and its ability to scale non-cell phone revenues.
With over 700 5G designs, Qualcomm is well positioned to take advantage of solid 5G traction with better long-term vision. Meanwhile, the company is focused on maintaining its leadership in the market with innovative product launches. However, aggressive competition from low-cost chip makers is a concern. It is also prone to risks from weaker cell phone shipments, especially in China.
(You can read the full research report on QUALCOMM here >>>)
Applied materials stocks have gained + 62% over the past six months versus the Zacks Semiconductor Equipment – Wafer Fabrication industry’s + 51.3% gain. Zacks’ analyst believes Applied Materials is driven by strong momentum in Semiconductor Systems and Applied Global Services.
Furthermore, solid demand for silicon in different applications in different markets continues to be a tailwind. Also the increased customer spend in foundry and logic due to the increasing need for dedicated nodes in the automotive, power, 5G rollout, IoT, communications and image sensor markets is a big plus. However, the uncertainties in the market remain. Increasing competition also poses a risk to the company’s market position.
(You can read the full research report on Applied Materials here >>>)
Shares of General engines are up + 2.4% over the past three months versus the -19.2% loss of the Zacks Domestic Automotive industry. Zacks’ analyst believes that popular General Motors brands such as Chevrolet Silverado and Equinox, along with upcoming electric vehicle (EV) launches, are expected to boost the company’s outlook.
The company’s Ultium Drive system and partnerships with Honda and EVgo are likely to increase its e-mobility. Notably, the company aims to spend more than $ 27 billion by 2025 to launch the latest EVs and self-driving vehicles. However, the high product launch costs, R&D expenditures and the global shortage of chips are expected to weigh on the company’s operating profit in 2021.
(You can read the full General Motors research report here >>>)
Other notable reports we present today include Sony Group (SONY), Keurig Dr Pepper (KDP) and Marathon Petroleum (MPC).
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Note: Sheraz Mian heads the Zacks Equity Research Department and is a respected total income expert. He is regularly quoted in the print and electronic media and publishes the weekly magazine Income trends and Income example reports. If you want an email notification every time Sheraz publishes a new article, please click here >>>