Best Inventory Reports for Home Depot, Verizon, and Anthem

Friday, April 22, 2022

Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including The Home Depot, Inc. (HD), Verizon Communications Inc. (VZ) and Anthem, Inc. (ANTM). These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.

You can see all today’s research reports here >>>

Home deposit shares are down -2.2% over the past year compared to Zacks Building Products’ retail sector gain of +0.7% on growing concerns about the industry’s outlook housing in light of rising interest rates. The company posted a low gross margin in the fiscal fourth quarter due to a higher cost of goods sold. Supply chain headwinds also hurt results to some extent.

The Zacks analyst believes the company could benefit due to strong demand for home improvement projects, robust housing market trends and ongoing investment, and continued strength in Pro categories. and DIY as well as digital momentum. Its interconnected retail strategy and underlying technology infrastructure could help boost web traffic and drive digital sales.

(You can read the full Home Depot research report here >>>)

Shares of Verizon have outperformed the industry Zacks Wireless National over the past year (+0.6% vs -4.0%). The company plans to accelerate the availability of its 5G Ultra Wideband network, covering 175 million people by the end of 2022. The telecom giant’s growth strategy includes 5G mobility, national broadband and mobile computing state-of-the-art, as well as enterprise solutions. Verizon has signed deals with satellite providers for the rapid licensing of additional C-band spectrum it acquired in 2021. The company is building the entire network infrastructure to deliver the most amazing 5G experience to people. clients.

However, it operates in an extremely competitive market. Heavy spending on promotions and lucrative discounts to attract customers could hurt its profitability. High auctioning expenses for midband spectrum are expected to further jeopardize its margins.

(You can read the full Verizon research report here >>>)

Shares of Anthem outperformed the Zacks Medical – HMO industry over the past year (+36.8% vs. +32.2%). The improvement in the company’s turnover can be attributed to an increase in premium rates and an increase in the number of memberships. The Zacks analyst believes acquisitions and collaborations have helped the company boost its Medicare Advantage growth and strengthen its business portfolio. Its successful Medicare and Medicaid businesses, coupled with several contract wins, are expected to boost its uptake. Strong earnings guidance for 2022 bodes well.

Anthem has announced plans to change its name to Elevance Health to strengthen its market position. However, escalating costs continue to put pressure on the bottom line. Its fragile balance sheet with massive debts of nearly $20 billion may affect financial flexibility.

(You can read the full Anthem research report here >>>)

Other notable reports we are featuring today include Salesforce, Inc. (CRM), BHP Group Limited (BHP) and BP plc (BP).

Sheraz Mian

Director of Research

Note: Sheraz Mian leads the equity research department at Zacks and is a well-known expert on overall earnings. He is frequently quoted in the written and electronic press and publishes the weekly Earnings Trends and Revenue overview reports. If you would like to receive an email notification whenever Sheraz publishes a new article, please click here>>>

To read today

Focus on business customers to help Home Depot’s top line (HD)

5G Strong, Customer Growth to Boost Verizon (VZ) Amid Rivalry

Anthem (ANTM) bets on strong turnover and capital position

Featured Reports

Salesforce (CRM) benefits from partnership wins and acquisitions
According to the Zacks analyst, Salesforce’s expanding partner ecosystem is contributing to business gains and strengthening its global presence. Additionally, strategic takeovers like Slack and Tableau are positive.

High metal prices, aid operational efficiency BHP Group (BHP)
Zacks analyst believes rising iron ore, copper and nickel prices along with BHP’s strong cash flow, focus on debt reduction and efforts to make operations more efficient will stimulate growth.

BP plc (BP) bets on an aggressive energy transition strategy
The Zacks analyst likes BP since the British integrated energy major plans to become a net-zero emissions player by 2050. How, exposure to excessive debt capital is a concern.

Store growth and robust comps likely to help Starbucks (SBUX)
According to the Zacks analyst, Starbucks’ rapid unit growth, digital offerings and robust comps growth bode well. The company expects its global comparable sales to hit high single digits in fiscal 2022.

Dividends, Canadian National (CNI) Buyout Assistance, Costs Everything
The Zacks analyst is impressed with the company’s efforts to reward shareholders through dividends and stock buybacks. However, rising fuel prices and supply chain disruptions are of concern.

CME Group (CME) bets on improving turnover, expenses hurt
According to the Zacks analyst, its strong revenue driven by organic growth, a stable market position and diversified product lines have led to significant growth. However, escalating spending hurt its margins.

Organic growth supports US Bancorp (USB), higher costs for all
According to the Zacks analyst, US Bancorp’s organic growth, driven by higher revenues and a higher loan balance, should boost its finances. A concentrated loan portfolio and high costs are headwinds.

New upgrades

America Movil (AMX) benefits from growing subscriber base
According to the Zacks analyst, America Movil’s performance is improving thanks to the growth in the subscriber base. The company’s acquisitions, targeted 5G efforts and rollout of advanced technologies are further tailwinds.

Pioneer Natural (PXD) bets on oil-rich Permian Basin assets
The Zacks analyst believes Pioneer Natural’s more than one million high-quality acreages in the Permian Basin will drive long-term oil production growth.

Watsco (WSO) rides on technology platforms and acquisitions
According to the Zacks analyst, Watsco’s investments in customer-centric technologies and the expansion of the company’s branch network through acquisitions are driving performance.

New downgrades

International Exhibition and Former Ail NRG Energy (NRG) Facilities
According to the Zacks analyst, NRG Energy’s international operations expose it to political and economic risks and some of its old facilities create a competitive disadvantage against its peers.

Huge pile of debt and high operating costs for Ail Carvana (CVNA)
Escalating selling, general and administrative expenses and high leverage of over 90% made the Zacks analyst bearish on Carvana.

Emergent’s (EBS) overreliance on BioThrax is a concern
According to the Zacks analyst, Emergent derives the majority of its revenue from the sale of its anthrax and smallpox vaccines to the US government. Any loss of existing contracts will hurt its prospects.

7 best stocks for the next 30 days

Just Released: Experts distill 7 elite stocks from the current Zacks No. 1 Ranking 220 Strong Buys list. They consider these tickers “most likely for early price increases.”

Since 1988, the full list has beaten the market more than 2 times with an average gain of +25.4% per year. So be sure to give your immediate attention to these 7 handpicked ones.

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Click to get this free report

BP plc (BP): Free Stock Analysis Report

Salesforce Inc. (CRM): Free Inventory Analysis Report

Verizon Communications Inc. (VZ): Free Stock Analysis Report

BHP Group Limited Sponsored ADR (BHP): Free Stock Analysis Report

The Home Depot, Inc. (HD): Free Inventory Analysis Report

Anthem, Inc. (ANTM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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