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The Zacks Analyst Blog Highlights: Alphabet, Visa, Bank of America, JPMorgan Chase and NVIDIA

For Immediate Release

Chicago, IL – May 28, 2020 – 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 GOOGL, Visa V, Bank of America BAC, JPMorgan Chase JPM and NVIDIA NVDA.

Here are highlights from Wednesday’s Analyst Blog:

Top Stock Reports for Alphabet, Visa & Bank of America

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 , Visa and Bank of America. 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 >>>

Alphabet’s shares have outperformed the Zacks Internet Services industry over the past year (+24.8% vs. +6.4%). The Zacks analyst believes that the company’s strong focus on innovation of AI techniques and the home automation space should aid business growth in the long term.

Alphabet reported mixed first-quarter earnings. The cloud and YouTube businesses remained strong, while digital advertising growth slowed down in the quarter due to the pandemic.

The company’s strong initiatives toward elimination of bad ads and introducing useful major search updates are tailwinds. Notably, it has agreed to acquire Fitbit for roughly $2.1 billion. This deal will likely help the company to accelerate innovation in the wearables category. However, the company’s growing expenses, litigation issues and competition might hurt profitability.

Shares of Visa have gained 4.8% over the past six months against the Zacks Financial Transaction Services industry’s rise of +0.3%. The Zacks analyst believes that the company is likely to see a slowdown in its cross-border business due to coronavirus outbreak.

Numerous acquisitions and alliances plus technology upgrades and effective marketing paved the way for long-term growth and consistently drove revenues. Shift in payments to new methods such as mobile, cards, online and via wearables paves way for long term growth and have led to an increase in payments volume, cross-border volume and processed transactions.

The acquisition of Visa Europe is a growth strategy for the long haul. Its strong capital position is another positive. However, high client incentives and expenses weigh on its operating margins.

Bank of America’s shares have lost -14.8% over the past three months against the Zacks Major Regional Banks industry’s fall of -20.5%. The Zacks analyst believes that opening new branches, improved digital offerings and efforts to manage costs will likely aid profitability.

Additionally, strong balance sheet and liquidity position are expected to continue supporting the company's financials amid economic slowdown. However, near-zero interest rates are expected to hurt the bank’s margins and interest income.

Also, coronavirus-induced concerns will likely continue to hamper business activities and thus, loan growth is expected to be muted. Further, dependence on capital markets performance makes us apprehensive, given its cyclical nature. This is likely to hurt fee income growth to some extent.  

Other noteworthy reports we are featuring today include JPMorgan Chase and NVIDIA.

More Stock News: This Is Bigger than the iPhone!

It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2021.

Click here for the 6 trades >>

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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/performancefor information about the performance numbers displayed in this press release.


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JPMorgan Chase Co. (JPM): Free Stock Analysis Report
 
NVIDIA Corporation (NVDA): Free Stock Analysis Report
 
Bank of America Corporation (BAC): Free Stock Analysis Report
 
Visa Inc. (V): Free Stock Analysis Report
 
Alphabet Inc. (GOOGL): Free Stock Analysis Report
 
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