Monday, August 8, 2022
Zacks Research Daily features the best research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including T-Mobile US, Inc. (TMUS), NextEra Energy, Inc. (NEE) and Advanced Micro Devices, Inc. (AMD). These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.
You can see all research reports from today here >>>
T-Mobile shares have outperformed industry Zacks Wireless National over the past year (+1.1% vs -8.7%). The company raised guidance for 2022 across the board. It is on track to complete the dismantling of the Sprint customer network by the end of the year.
The company has increased its 5G footprint in the country by introducing 5G home internet services in several states. Its extended 5G range covers 320 million people. Ultra Capacity 5G covers 235 million people. It intends to bring more competition to home broadband, especially in underserved rural markets.
However, it operates in a fiercely competitive and nearly saturated US telecommunications market, which somewhat reduces its growth potential. Several promotional activities aimed at attracting additional customers further erode the company’s profitability.
(You can read the full T-Mobile research report here >>>)
next era stocks have outperformed the Zacks Utility – Electric Power sector over the past six months (+16.6% vs. +8.2%). The company, thanks to the good execution of organic projects and strategic acquisitions, expands its operations. NextEra currently has many renewable projects in its backlog and the number is increasing every quarter, which helps NextEra reduce its emissions.
The merger of Gulf Power and FPL strengthens NextEra Energy’s position in Florida. Florida’s improving economy and FPL’s reliable services are increasing its customer volume every quarter. NextEra has sufficient liquidity to meet its short-term debt obligations.
However, the nature of its business is subject to complex federal, state and other regulations. Unfavorable weather conditions and an increase in supply costs have a negative impact on the results.
(You can read the full research report on NextEra Energy here >>>)
AMD shares are down -5.8% over the past year against the -0.2% industry decline of Zacks Electronics – Semiconductors. The Zacks analyst believes the company faces fierce competition from NVIDIA and Intel is of concern. Nevertheless, AMD is benefiting from strong demand for its Ryzen and EPYC server processors, due to the growing proliferation of artificial intelligence (AI) and machine learning (ML) in industries like cloud, gaming and data centers.
The growing weight of 7 nanometer (nm) products in the data center vertical market, driven by work-from-home and e-learning trends, is a key enabler. AMD provided strong revenue guidance for 2022, supported by robust growth across all businesses.
Increasing revenue from servers and client processors will likely lead to a sequential increase. The acquisition of Xilinx and Pensando will boost AMD’s data center business. Alliances with Amazon, Microsoft, Baidu and JD.com increase business prospects.
(You can read the full AMD research report here >>>)
Other noteworthy reports we feature today include The Boeing Co. (BA), Activision Blizzard, Inc. (ATVI) and Johnson Controls International plc (JCI).
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>>>