Highlights from Zacks analyst blog: Alphabet Inc., salesforce.com, inc. and Starbucks Corp
For immediate release
Chicago, IL – January 7, 2022 – Zacks.com announces the list of stocks featured on the Analysts Blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Recent actions featured in the blog include: Alphabet Inc. GOOGL, salesforce.com, inc. CRM and Starbucks Corporation SBUX.
Here are highlights from Thursday’s analyst blog:
Best Research Reports for Alphabet, Salesforce, and Starbucks
Zacks Research Daily features the best research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Alphabet Inc., salesforce.com, inc. and Starbucks Corporation. These research reports were handpicked from over 70 reports released today by our team of analysts.
You can see all today’s research reports here >>>
Actions of Alphabet outperformed the S&P 500 over the past year (+ 55.3% vs. + 25.8%). The Zacks analyst believes that Alphabet’s dominant research market share, a growing cloud footprint and a stronger presence in the smart home market are the main catalysts for the stock’s continued outperformance.
Google’s mobile search has gained momentum. The focus on innovation in AI techniques as well as wearable technology is likely to drive business growth in the long run. Alphabet’s growing presence in the field of autonomous driving is another major positive. However, the increase in litigation and the increase in expenses are cause for concern.
selling power stocks have lost -17.1% in the past three months against a gain of + 2.9% for Zacks’ computer software industry. Fierce competition, unfavorable currency fluctuations as well as increasing investments in international expansions and data centers are some of the main obstacles to CRM.
The Zacks analyst, however, believes the sales force has benefited from a robust demand environment as part of a major digital transformation. The rapid adoption of its cloud-based solutions is driving demand for its products. The recent acquisition of Slack has the potential to position the sales force as a leader in the enterprise team collaboration solutions space, allowing them to better compete with Microsoft’s Teams product.
Actions of Starbucks have lost -4.9% in the past six months against the loss of -1.9% in the Zacks Food & Restaurants industry. SBUX’s profits for fiscal 2022 are likely to be affected by strategic investments and cost inflation. Profit estimates for 2022 have fallen over the past 60 days.
The Zacks analyst, however, believes that store growth, robust digitization initiatives and strong comp growth bode well for the long term. Starbucks also reported impressive U.S. lineups for the third straight quarter of the fourth quarter of fiscal 2021. SBUX now expects comparable global sales to reach high numbers in fiscal 2022.
Other noteworthy reports we feature today include Amgen Inc. (AMGN), BP plc (BP), and Fidelity National Information Services, Inc. (FIS).
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