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The Zacks Analyst Blog Highlights: Apple, Microsoft, TMobile US, Goldman Sachs and Cigna

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Zacks Equity Research
·5-min read
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For Immediate Release

Chicago, IL – July 10, 2020 – 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 AAPL, Microsoft MSFT, TMobile US TMUS, Goldman Sachs GS and Cigna CI.

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for Apple, Microsoft and T-Mobile

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, Microsoft and TMobile US. 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 >>>

Apple shares have outperformed the S&P 500 over the past year (+87.7% vs. +6.4%) on the back of continued momentum in the Services segment, driven by strong App Store sales and the robust adoption of Apple Music and Apple Pay.

Non-iPhone devices, particularly Apple Watch and AirPod, are other notable drivers in the long haul. However, iPhone sales are expected to remain bleak in the near term due to the negative impact of the coronavirus. In fact, the company expects iPhone and Wearables business revenues for the fiscal second quarter to be worse on a year-over-year basis than the fiscal first quarter.

On the contrary, iPad and Mac revenues are expected to improve but lower economic activity will hurt AppleCare and advertising businesses. The company didn’t provide any guidance due to the pandemic-triggered uncertainty. 

Shares of Microsoft have gained +32% over the past six months against the S&P 500’s fall of -2.6%. The Zacks analyst believes that Microsoft is benefiting from momentum in Azure, impressive Teams user growth led by coronavirus-induced work-from-home wave, uptick in Surface devices and significant demand for Windows 10 PCs.

Moreover, the company is gaining from growing user base of its different applications including Office 365 commercial, and Dynamics. Azure’s expanding customer base remains a key catalyst. Furthermore, it is well poised to expand the total addressable market through acquisition of GitHub.

However, broader macroeconomic weakness and lower spend on advertising owing to the coronavirus outbreak are likely to weigh on LinkedIn and Search revenues. Delays in consulting business contract renewals and supply chain constraints in China are also anticipated to limit growth.

TMobile’s shares have gained +24.1% over the past three months against the Zacks National Wireless industry’s rise of +7.3%. The Zacks analyst believes that the company will provide 5G to 99% of the U.S. population. Also, it will likely provide average 5G speeds above 100 Mbps to 90% of the population. T-Mobile’s business plan is built on covering 90% of rural America with average 5G speeds of 50 Mbps, up to two times faster than broadband.

T-Mobile continues to deploy 5G with a mid-band 2.5 GHz spectrum from Sprint. 2.5 GHz 5G is currently live in parts of Chicago, Los Angeles, New York and Philadelphia. The wireless carrier offers 5G coverage in all 50 states and Puerto Rico. Its 5G network is 1.5 times faster than its LTE speeds.

Customers get 5G services in almost 6,000 cities and towns, covering more than 225 million people. T-Mobile divested Sprint’s prepaid wireless business to DISH. However, it operates in a fiercely competitive and almost saturated U.S. telecom market.

Other noteworthy reports we are featuring today include Goldman Sachs and Cigna.

Zacks Top 10 Stocks for 2020

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Media Contact

Zacks Investment Research

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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 information about the performance numbers displayed in this press release.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
The Goldman Sachs Group, Inc. (GS) : Free Stock Analysis Report
Apple Inc. (AAPL) : Free Stock Analysis Report
Cigna Corporation (CI) : Free Stock Analysis Report
TMobile US, Inc. (TMUS) : Free Stock Analysis Report
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