For Immediate Release
Chicago, IL – December 30, 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: Apple Inc. AAPL, Abbott Laboratories ABT, Infosys Limited INFY, General Motors Company GM and NIO Inc. NIO.
Here are highlights from Wednesday’s Analyst Blog:
Top Stock Reports for Apple, Abbott and Infosys
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 Apple, Abbott Laboratories, and Infosys. 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 >>>
Shares of Apple have outperformed the S&P 500 over the past year (+34.9% vs. +30.4%), with the company benefiting from momentum in its Services business, increased adoption of Apple Pay and a steadily growing subscriber base of Apple Music.
Although Apple’s business primarily runs around iPhones, the Services portfolio has emerged as its new cash cow. Supply chain constraints due to silicon shortages and COVID-related manufacturing disruptions, however, are the major headwinds for AAPL. Pandemic-related uncertainties also forced Apple to not provide any guidance for the first quarter of fiscal 2022.
Abbott shares have gained +30.2% in the year-to-date period against the Zacks Medical Products industry’s loss of -2.5%. The Zacks analyst believes that Abbott’s branded generics and international diabetes businesses are likely to drive growth in the quarters ahead. New product launches and acquisitions are other major catalysts.
During third-quarter 2021, Abbott registered organic sales growth across each of its operating segments, barring Neuromodulation. In Adult Nutrition, it reported robust global demand for Ensure and Glucerna. Diabetes Care sales were strong on solid worldwide adoption of FreeStyle Libre. A challenging business environment, especially in China, is likely to weigh on Abbott’s top-line though.
Shares of Infosys have gained +14.8% in the last three months against the Zacks IT Services industry’s gain of +1.4%. The Zacks analyst believes that Infosys has been benefiting from large deal wins and fast-growing digital services.
Infosys’ focus on Agile Digital and artificial intelligence-driven Core services is another tailwind. Strong demand for its services in cloud, Internet of Things, cyber security, data and analytics is a key catalyst. Rising anti-outsourcing sentiments in certain countries, high subcontractor costs as well as its compensation revision with higher variable pay and incentives, have been weighing on margins though.
Other noteworthy reports we are featuring today include General Motors and NIO.
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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.