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The Zacks Analyst Blog Highlights: Adobe, Charter Communications, HCA Healthcare, Micron and Shopify

For Immediate Release

Chicago, IL – June 21, 2019 – 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: Adobe ADBE, Charter Communications CHTR, HCA Healthcare HCA, Micron MU and Shopify SHOP.

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for Adobe, Charter Communications and HCA Healthcare

 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 Adobe, Charter Communications and HCA Healthcare. 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 >>>

Adobe’s shares have gained +17% over the past year, underperforming the Zacks Software industry which has increased +27.4% over the same period. Adobe reported strong fiscal second-quarter results. The Zacks analyst thinks increasing demand for its creative products are driving top-line growth.

Also, the company’s Adobe Document Cloud and Adobe Experience Cloud products, along with growing subscription for cloud application have aided results. It has been making great efforts toward establishing its presence in cloud-related software areas such as documents and marketing.

Adobe’s market position, compelling product lines, continued innovation, solid adoption of Creative Cloud and Adobe marketing cloud are major positives. However, lower end-market demand and exposure to Europe remain overhangs. Additionally, high acquisition expenses do not bode well for its margin expansion.

Shares of Charter Communications have outperformed the Zacks Cable TV industry year to date (+39.5% vs. +28.5%).The Zacks analyst thinks the company’s residential and commercial Internet and voice customer growth continues to drive its top line. Increase in Internet speed at no extra cost is aiding subscriber growth.

Additionally, Charter is looking to attract video customers by providing a new OTT video service. Notably, the company launched Spectrum TV Essentials in Charter’s footprint for Spectrum Internet users who do not avail Spectrum video services. However, commercial revenues continue to suffer due to migration of customers to Spectrum pricing and packaging from Legacy TWC and Legacy Bright House.

Moreover, Charter continues to lose video subscribers primarily due to cord-cutting and intense competition from streaming service providers such as Netflix, HBO and Amazon.

HCA Healthcare’s shares have outperformed the Zacks Hospital industry in the past year, gaining +20.9% vs. +6.3%. Moreover, it has witnessed its 2019 and 2020 earnings estimates move north over the past 30 days.

The Zacks analyst thinks its top line has been growing over the last several quarters on the back of higher admissions, same facility emergency room growth and surgical growth, etc. Multiple acquisitions have helped the company gain a strong foothold in the industry, fueling its inorganic growth.

A strong balance sheet and free cash flow are other positives for the company. A bullish 2019 guidance should instill investor’s confidence in the stock. However, high operating expenses persistently weigh on its margins.

The company is expected to witness a rise in costs due to its constant growth-related investments. High leverage is another concern for the company.

Other noteworthy reports we are featuring today include Micron and Shopify.

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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release


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Shopify Inc. (SHOP): Free Stock Analysis Report
 
Charter Communications, Inc. (CHTR): Free Stock Analysis Report
 
Adobe Systems Incorporated (ADBE): Free Stock Analysis Report
 
HCA Healthcare, Inc. (HCA): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
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