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The Zacks Analyst Blog Highlights: Facebook, Nike, Zoom Video, Micron Tech and McKesson Corp

For Immediate Release

Chicago, IL – March 1, 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: Facebook, Inc. FB, Nike, Inc. NKE, Zoom Video Communications, Inc. ZM, Micron Technology, Inc. MU and McKesson Corporation MCK.

Here are highlights from Friday’s Analyst Blog:

Top Research Reports for Facebook, Nike and Zoom Video

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 Facebook, Nike and Zoom Video Communications, Inc. (ZM). 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 >>>

Facebook shares have gained +34.2% over the past year against the Zacks Internet – Services industry’s gain of +49.6%. The Zacks analyst believes that Facebook is benefiting from steady user growth across all regions, particularly Asia Pacific. Increased engagement for its products like Instagram, WhatsApp and Messenger is a major growth driver.

Facebook expects year-over-year growth rates in total revenues to remain stable or modestly accelerate on a sequential basis in the first and second quarters of 2021. However, the company expects changes made by Apple in its iOS 14 platform to limit the latter’s ability to track user-activity trends. The company also believes that Apple has become its biggest competitor. Moreover, increasing regulatory headwinds in the EU and other countries is a concern.

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

Nike shares have outperformed the Zacks Shoes and Retail Apparel industry over the past year (+53.1% vs. +50.5%). The company received a boost following the solid second-quarter fiscal 2021 results, with both top and earnings improving year over year. The Zacks analyst believes that results gained from strength in the digital business across all regions. Digital sales for the Nike brand improved double digits across EMEA, Greater China and APLA along with triple-digit growth in North America.

Moreover, it started the holiday season on a strong note with record online sales during the Black Friday week. Management expects sequential growth during the fiscal third quarter. However, it is witnessing lower revenues at the wholesale business and Nike-owned stores. Higher restructuring costs and continued investments in digital capabilities also acted as headwinds.

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

Zoom Video shares have outperformed the Zacks Internet - Software industry in the year to date period (+8.2% vs. +2.6%). The Zacks analyst believes that demand for the company’s cloud-native video-first platform is expected to remain solid owing to the work-from-home and online-learning wave. Easy to deploy, use, manage and scalability makes Zoom’s software popular among its customers. Expanding clientele is expected to drive top-line growth momentum in the near term.

Moreover, the company’s expanding international presence is a key catalyst. Its efforts to eliminate the security and privacy loopholes, as well as new hardware and Zoom From Home solution’s launch, are expected to help in expanding clientele. The company’s strong free cash-flow generating ability is noteworthy.

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

Other noteworthy reports we are featuring today include Micron Technology and McKesson Corp.

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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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NIKE, Inc. (NKE): Free Stock Analysis Report
 
Micron Technology, Inc. (MU): Free Stock Analysis Report
 
McKesson Corporation (MCK): Free Stock Analysis Report
 
Facebook, Inc. (FB): Free Stock Analysis Report
 
Zoom Video Communications, Inc. (ZM): Free Stock Analysis Report
 
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