For immediate release
Chicago, IL – February 22, 2022 – Zacks.com announces the list of stocks featured in the analyst blog. Every day, Zacks Equity Research analysts discuss the latest news and events impacting stocks and financial markets. Stocks recently featured in the blog include: Merck & Co., Inc. MRK, Shopify Inc. SHOP, Intercontinental Exchange, Inc. ICE, Barrick Gold Corp. GOLD and NXP Semiconductors NV NXPI.
Here are highlights from Friday’s analyst blog:
Top research reports for Merck, Shopify and Intercontinental Exchange
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 Merck & Co., Inc.., Shopify Inc. and Intercontinental Exchange, Inc. These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.
You can see all today’s research reports here >>>
Shares of Merck underperformed the industry Zacks Large Cap Pharmaceuticals over the past year (+2.8% vs. +16.9%), although the company beat fourth quarter estimates for earnings and sales . The Zacks analyst believes drugs like Keytruda, Lynparza and Bridion have boosted sales.
Sales of Keytruda are benefiting from continued lung cancer diagnostics and growing use in other cancer indications. Animal health and vaccines remain the main growth drivers. Its new oral antiviral pill for COVID-19, molnupiravir, will be a key driver in 2022.
Merck has a strong cancer pipeline, including Keytruda, which should help drive long-term growth. However, generic competition for several drugs and increasing competitive pressure, primarily on the diabetes franchise, will continue to dominate sales.
Shares of Shopify have underperformed Zacks’ internet services sector over the past two years (+21.5% vs. +42.0%), although the company is benefiting from the growth driven by the e-commerce boom in the database. merchants. Strong growth in Shopify Shipping, Shopify Pay and Shopify Capital is driving revenue, as evidenced by fourth quarter results. The company has focused on consistently winning merchants, based on product offerings like Shop Pay and Shop Pay, as well as features like end-to-end order tracking.
The Zacks analyst believes strong adoption of new merchant-friendly apps is promising, while partnerships with Facebook, Instagram and Google should expand its merchant base. However, higher investments in product development as well as execution platforms are likely to limit margin expansion in the short term. Soaring inflation and cautious consumer spending are expected to hurt near-term revenue growth.
Shares of Intercontinental exchange have outperformed the Zacks Securities and Exchanges sector over the past six months (+5.9% vs. +0.2%). The Zacks analyst believes Intercontinental Exchange’s revenue benefits from its compelling product and services portfolio, broad range of risk management services and strength in global data services. The continued strength of its energy franchise, improving recurring revenue market data should keep growth on track.
Strategic buyouts help it achieve cost synergies that are aligned with its goal of creating long-term shareholder value. It is well positioned to grow thanks to the accelerated digitalization of the US residential mortgage industry. A strong balance sheet contributes to the effective deployment of capital. Stocks have outperformed the industry over the past six months. However, its expenses are expected to remain high in the short term.
Other noteworthy reports we are presenting today include Barrick Gold Corp. and NXP Semiconductors AG
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