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The Zacks Analyst Blog Highlights: Netflix, Honeywell, FedEx, Target and Carvana

Zacks Equity Research
·5-min read

For Immediate Release

Chicago, IL – March 4, 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: Netflix, Inc. NFLX, Honeywell International Inc. HON, FedEx Corporation FDX, Target Corporation TGT and Carvana Co. CVNA.

Here are highlights from Wednesday’s Analyst Blog:

Top Analyst Reports for Netflix, Honeywell 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 Netflix, Honeywell International and FedEx. 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 >>>

Netflix shares have underperformed the Zacks Broadcast Radio and Television industry over the past year (+37.8% vs. +55.5%). The Zacks analyst believes that Netflix is dominating the streaming space on the back of its diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized, foreign-language content.

Higher numbers of originals are expected to aid user-base growth in 2021 despite rising competition from Apple TV+, Amazon prime video, HBO Max, Disney+, Peacock, Discovery+ and TikTok. The company plans to release at least one new original film every week in 2021.

User-friendly features like Downloads For You and more efficient Parental Controls are key positives. The launch of low-priced mobile plans is also expected to expand Netflix’s subscriber base in Asia Pacific. However, Netflix’s leveraged balance sheet and higher streaming obligation is also a concern.

(You can read the full research report on Netflix here >>>)

Shares of Honeywell have gained +24.4% in the last six months against the Zacks Diversified Operations industry’s gain of +27%. The Zacks analyst believes that strength in defense and space businesses as well as solid demand for warehouse automation products are likely to boost Honeywell’s revenues in the quarters ahead.

Also, solid demand for personal protective equipment, along with a strong backlog conversion rate, will act as tailwinds. Increased commercial and operational excellence initiatives are likely to improve its near-term profitability.

Also, strong cash flows allow it to effectively deploy capital for making acquisitions and paying out dividends. The company believes that the coronavirus outbreak-led market downturn and weak commercial aerospace will adversely impact its near-term results.

(You can read the full research report on Honeywell here >>>)

FedEx shares have lost -12.8% over the past three months against the Zacks Air Freight and Cargo industry’s loss of -6.5%. The Zacks analyst is pleased with the company’s efforts to reward its shareholders through dividends and buybacks despite the present turbulent scenario.

Repeating the last few quarters' trend, surging e-commerce demand aided FedEx’s results in the second quarter of fiscal 2021. The company beat on revenues as well as earnings per share. Both metrics also improved year over year.

Revenues at the FedEx Ground segment, which handles e-commerce deliveries for many retailers, surged 38.2% on higher residential volumes, which are also increasing with most people placing orders online. The outperformance was also led by an uptick in demand for business-to-business delivery services. 

(You can read the full research report on FedEx here >>>)

Other noteworthy reports we are featuring today include Target and Carvana.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.

See 3 crypto-related stocks now >>

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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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