Yahoo Finance The Zacks Analyst Blog Highlights Intel, Synopsys, FedEx, First Solar and Synchrony Financial
For Immediate Release
Chicago, IL – February 14, 2023 – 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: Intel Corp. INTC, Synopsys, Inc. SNPS, FedEx Corp. FDX, First Solar, Inc. FSLR and Synchrony Financial SYF.
Here are highlights from Monday’s Analyst Blog:
Top Analyst Reports for Intel, Synopsys and FedEx
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 Intel Corp., Synopsys, Inc. and FedEx Corp. 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 Intel have underperformed the Zacks Semiconductor - General industry over the past year (-41.6% vs. -14.8%). The company is facing uncertainty over the over-supplied chip markets that are weighing on its near-term outlook. More than other players in the space, the market is skeptical of Intel's ability to profitably operate and execute in this unfavorable environment. In addition, production delays remain a concern for the company.
Imposition of fresh lockdown restrictions in some markets, forex woes and high debt burden are other headwinds. It is witnessing intensifying competition in the server, networking and storage markets, while inflated raw material costs and signs of market saturation are worrisome. The Sino-US trade war is also adversely impacting its growth prospects.
However, Intel is gaining rapid strides in the data center business with integrated solutions that are highly competitive in prices. The company is also focusing on developing a complete product range targeting different segments of the market.
(You can read the full research Intel here >>>)
Synopsys shares have outperformed the Zacks Computer - Software industry over the past year (+21.8% vs. -10.5%). The company is benefiting from strong design wins owing to a robust product portfolio. Growth in hybrid working trends is driving demand for bandwidth. Strong traction for Synopsys' Fusion Compiler product boosted the top line.
Growing demand for advanced technology, design, IP and security solutions is also creating solid prospects. Rising impact of artificial intelligence, 5G, internet of things and big data is driving investments in new computer and machine learning architectures. Our estimates suggest that Synopsys' revenues will grow at a CAGR of 9.3% through 2023-2025.
However, Synopsys is hurting from supply-chain disruptions stemming from the pandemic. The company is also witnessing stiff competition. Geopolitical challenges coupled with uncertainties related to restrictions over trade with Huawei are other woes.
(You can read the full research report on Synopsys here >>>)
Shares of FedEx have declined -8.4% over the past year against the Zacks Transportation - Air Freight and Cargo industry's decline of -13.0%. The company's volumes are being hurt due to the decline in shipping demand, particularly in Asia and Europe. Weakening of e-commerce demand as economies re-open is another concern.
To navigate the weaker-than-expected business environment, FDX is actively cutting costs. FedEx anticipates generating cost savings of nearly $3.7 billion in fiscal 2023. The fiscal 2023 estimate for capital expenditure has been slashed by $400 million to $5.9 billion.
However, efforts to reward shareholders of FDX, through dividends and buybacks, are encouraging as well. In June 2022, FedEx raised its quarterly dividend by 53% to $1.15 per share. During fiscal 2022, FedEx repurchased shares worth $2.2 billion. FedEx's liquidity position is also impressive.
(You can read the full research report on FedEx here >>>)
Other noteworthy reports we are featuring today include First Solar, Inc. and Synchrony Financial.
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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Intel Corporation (INTC) : Free Stock Analysis Report
First Solar, Inc. (FSLR) : Free Stock Analysis Report
FedEx Corporation (FDX) : Free Stock Analysis Report
Synopsys, Inc. (SNPS) : Free Stock Analysis Report
Synchrony Financial (SYF) : Free Stock Analysis Report
