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The Zacks Analyst Blog Highlights: Tesla, Comcast, AbbVie, Boeing, China Petroleum & Chemical and Advanced Micro Devices

The Zacks Analyst Blog Highlights: Tesla, Comcast, AbbVie, Boeing, China Petroleum & Chemical and Advanced Micro Devices

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This story originally appeared on Zacks

For Immediate Release

Chicago, IL – November 8, 2021 – 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: Tesla, Inc. TSLA, Comcast Corporation CMCSA, AbbVie Inc. ABBV, The Boeing Company BA, China Petroleum & Chemical Corporation SNP and Advanced Micro Devices, Inc. AMD.

- Zacks

Here are highlights from Friday’s Analyst Blog:

Top Analyst Reports for Tesla, Comcast and AbbVie

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 Tesla, Inc. (TSLA), Comcast (CMCSA), and AbbVie Inc. (ABBV). 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 Tesla have outperformed the Zacks Automotive – Domestic industry over the year-to-date period (+74.3% vs. +46.7%). The electric vehicle (EV) king hit a milestone in third-quarter 2021, with gross auto margins attaining a record high. The Zacks analyst believes that riding on robust Model 3/Y demand, Tesla achieved record Q3 production and deliveries despite chip crunch. The company has also started making progress at ramping up volumes of Models S and X.

With China being the biggest EV market, Tesla’s Shanghai factory is buoying the company's revenue prospects. Also, production from Berlin and Texas gigafactories is expected to commence this year. In addition to increasing automotive revenues, Tesla’s energy generation and storage revenues are also boosting earnings prospects.

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

Shares of Comcast have underperformed the Zacks Cable Television industry over the year-to-date period (+0.6% vs. +2.8%). The Zacks analyst believes that Comcast is benefiting from strength in broadband subscriber base and a strong momentum in wireless business besides advertising revenue growth as reflected by third-quarter 2021 results.

Its strategy to provide high-speed Internet at an affordable price plays a pivotal role in providing connectivity, improving customer wins and experience. Moreover, coronavirus-led increased media consumption, and the work-from-home and online-learning wave bode well for Comcast’s Internet business. However, Comcast persistently suffers from video-subscriber attrition due to cord cutting. Moreover, a leveraged balance sheet is a major concern.

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

Shares of AbbVie have underperformed the Zacks Large Cap Pharmaceuticals industry over the year-to-date period (+9.3% vs. +17.3%). Nonetheless, AbbVie beat estimates for Q3 earnings while missing for sales. The Zacks analyst believes that AbbVie has been successful in expanding the labels of its cancer drugs, Imbruvica and Venclexta. It has several new drugs in its portfolio, which have the potential to drive revenues once Humira loses U.S. exclusivity in 2023. It has an impressive late-stage pipeline with several early/mid-stage candidates that have blockbuster potential. 

However, the FDA’s order to include a heart-risk warning in the label of JAK inhibitor drug, Rinvoq may hurt the drug’s sales in the future quarters. There are concerns about long-term sales growth once Humira generics enter the U.S. market. 

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

Other noteworthy reports we are featuring today include Boeing, China Petroleum & Chemical and Advanced Micro Devices.

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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.



Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

The Boeing Company (BA): Free Stock Analysis Report

 

Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report

 

Comcast Corporation (CMCSA): Free Stock Analysis Report

 

China Petroleum & Chemical Corporation (SNP): Free Stock Analysis Report

 

Tesla, Inc. (TSLA): Free Stock Analysis Report

 

AbbVie Inc. (ABBV): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research