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The Zacks Analyst Blog Highlights Broadcom, Comcast, Equinor, Intuit and Sanofi

For Immediate Release

Chicago, IL – September 29, 2022 – 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: Broadcom Inc. AVGO, Comcast Corp. CMCSA and Equinor ASA EQNR, Intuit Inc. INTU and Sanofi SNY

Here are highlights from Wednesday’s Analyst Blog:

Top Research Reports for Broadcom, Comcast and Equinor

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 Broadcom Inc., Comcast Corp. and Equinor ASA. 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 >>>

Broadcom shares have declined -5.4% over the past year against the Zacks Electronics - Semiconductors industry's decline of -22.0%. Increasing competition, along with high debt levels, are persistent overhangs for the company. However, the top-line growth was driven by strength in cloud and service provider segments.

Networking is riding on strong adoption of Broadcom's next-gen merchant switching and routing solutions by hyperscalers, enterprises and service providers. Aggressive adoption of its next-generation server storage solutions by hyperscalers is expected to drive top-line growth.

Broadcom expects fiscal fourth-quarter networking and server storage revenues to grow 30% and 45% on a year-over-year basis, respectively. Upbeat fourth-quarter fiscal 2022 guidance is encouraging. The VMware acquisition will aid prospects over the long term.

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

Comcast shares have declined -44.8% over the past year against the Zacks Cable Television industry's decline of -49.0%. The company second-quarter 2022 results reflected slowing broadband user-base additions, primarily due to reversal of pandemic trends and increased competition. It also persistently suffers from video-subscriber attrition due to cord-cutting. Moreover, a leveraged balance sheet is a major concern.

Nevertheless, the company benefited from a growing wireless subscriber base. Comcast's plan to transition to DOCSIS 4.0 is noteworthy in this regard. The technology will help it in expanding much faster and at a lower cost compared to competitors.

Recovery in park and movie business bodes well for Comcast's profitability. Its streaming service Peacock is a key catalyst in driving broadband sales. Strong free cash flow generation ability is noteworthy.

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

Equinor shares have outperformed the Zacks Oil and Gas - Refining and Marketing industry over the past year (+31.2% vs. +15.9%). The company is one of the premier integrated energy companies, with operations spreading across 30 countries. The company reaffirmed production growth expectations at 2% for 2022.

In the second quarter, it made three commercial discoveries on the Norwegian Continental Shelf, making its production outlook bright. To combat climate change, the company is actively investing in renewable energy projects, comprising power generation from solar and wind energy. Also, it announced the increase of the share buy-back program of up to $6 billion for 2022.

However, the company's balance sheet has significant debt exposure as compared to the composite stocks in the industry. Also, the company is not being able to capture the potential profit growth from commodity prices that have reached record highs. As such, the stock warrants a cautious stance.

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

Other noteworthy reports we are featuring today include Intuit Inc. and Sanofi.
 

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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.


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Sanofi (SNY): Free Stock Analysis Report
 
Comcast Corporation (CMCSA): Free Stock Analysis Report
 
Intuit Inc. (INTU): Free Stock Analysis Report
 
Broadcom Inc. (AVGO): Free Stock Analysis Report
 
Equinor ASA (EQNR): Free Stock Analysis Report
 
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