Subscribe to Entrepreneur for $5
Subscribe

The Zacks Analyst Blog Highlights: Alphabet, Bank of America, S&P Global, ServiceNow and Boeing

The Zacks Analyst Blog Highlights: Alphabet, Bank of America, S&P Global, ServiceNow and Boeing

By
This story originally appeared on Zacks

For Immediate Release

Chicago, IL – December 17, 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: Alphabet Inc. GOOGL, Bank of America Corporation BAC, S&P Global Inc. SPGI, ServiceNow, Inc. NOW and The Boeing Company BA.

- Zacks

Here are highlights from Thursday’s Analyst Blog:

Top Analyst Reports for Alphabet, Bank of America and S&P Global

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 Alphabet, Bank of America, and S&P Global. 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 Alphabet have outperformed the S&P 500 over the past year (+67.7% vs. +28.9%). The Zacks analyst believes that Alphabet’s dominant position in the search market, an expanding cloud footprint and a strengthening presence in the smart home market are some of the major tailwinds.

Major updates in GOOGL’s search segment are enhancing the search results. Google’s mobile search has also been gaining solid momentum. Focus on innovation of AI techniques and the home automation space is likely to aid business growth in the long term. GOOGL’s deepening focus on its wearables category is a major positive.

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

Bank of America shares have gained +48.9% in the year to date period against the Zacks Major Regional Banks industry’s gain of +34.5%. The Zacks analyst believes that Bank of America’s efforts to improve revenue growth, strong balance sheet, and expansion into new markets will support Bank of America.

Technological advancement is likely to continue aiding cross selling opportunities. Opening of new branches, enhancing digital capabilities and initiatives to manage expenses along with a strong balance sheet and liquidity position should aid its financials. The bank’s dependence on the volatile nature of the trading revenues for fee income growth is a concern though.

(You can read the full research report on Bank of America here >>>)

Shares of S&P Global have gained +20.3% in the last six months against the Zacks Business - Information Services industry’s gain of +4.2%. The Zacks analyst believes that acquisitions enable S&P Global to innovate, increase differentiated content and develop new products.

SPGI remains well poised to gain from the growing demand for business information services. Effective management execution has helped it generate solid cash flow to be utilized for growth initiatives. S&P Global, however, remains vulnerable to proceedings, investigations and inquiries with respect to the ratings provided, leading to legal charges, damages or fines.

(You can read the full research report on S&P Global here >>>)

Other noteworthy reports we are featuring today include ServiceNow and Boeing.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com                                      

https://www.zacks.com                                          

 

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

 

Bank of America Corporation (BAC): Free Stock Analysis Report

 

ServiceNow, Inc. (NOW): Free Stock Analysis Report

 

Alphabet Inc. (GOOGL): Free Stock Analysis Report

 

S&P Global Inc. (SPGI): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

 

Zacks Investment Research