Zacks analyst blog spotlights Abbott, T-Mobile US, Intuit, Analog Devices and The Progressive

For immediate release

Chicago, IL – July 5, 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 Abbott Laboratories ABT, T-Mobile US, Inc. TMUS, Intuit Inc. INTU, Analog Devices, Inc. ADI, and The Progressive Corp. RMP

Here are highlights from Friday’s analyst blog:

Top Inventory Reports for Abbott Laboratories, T-Mobile and Intuit

Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Abbott Laboratories, T-Mobile US, Inc. and Intuit Inc.. These research reports have been handpicked from the nearly 70 reports published by our team of analysts today.

You can see all research reports from today here >>>

Abbott shares are down -6.5% over the past year against the industry’s -31.0% decline Zacks Medical – Products. The company’s pediatric nutrition sales were down 4.4% year-over-year on an organic basis, which negatively impacted the voluntary recall of certain powdered formulas manufactured in the one of Abbott’s American factories.

However, with the exception of the Nutrition segment, the company recorded organic sales growth in all of its major operating segments. Global sales related to COVID-19 tests were dominated by rapid test products. Within Diabetes Care, the company was honored for the developments of its flagship sensor-based continuous glucose monitoring system, FreeStyle Libre. In adult nutrition, the company benefited from the solid performance of the Ensure and Glucerna brands.

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

T-Mobile Shares have outperformed industry Zacks Wireless National year-to-date (+16.0% vs. +6.7%). The company is on track to complete the Sprint customer network migration mid-year and decommissioning by the end of the year. It is significantly expanding its home internet pilot project while preparing to launch 5G home internet service. Its extended 5G range covers 315 million people, or 95% of Americans. Ultra Capacity 5G covers 225 million people and nearly 85% of T-Mobile customers.

About 45% of postpaid customers use a 5G phone, and 5G devices account for more than half of total network traffic. However, it operates in a fiercely competitive and nearly saturated U.S. telecommunications market. Low-cost plans for consumers and small businesses did not improve the bottom line. Promotional activities aimed at attracting rivals’ customers have hurt its profitability.

(You can read the full T-Mobile research report here >>>)

Intuitive shares are down -22.1% over the past year against Zacks Computer – Software’s industry decline of -15.4%. The company’s near-term outlook looks bleak as the global lockdown amid the coronavirus crisis has affected small businesses, posing risks to its revenue growth. Additionally, rising costs and expenses due to increased investment in marketing and engineering teams are expected to continue to impact near-term results.

However, Intuit is enjoying strong revenue momentum from the online ecosystem and strong business tax revenues. The TurboTax Live offering is also driving growth in the consumer tax industry. Strong momentum in the company’s lending product, QuickBooks Capital, remains positive. Additionally, the company’s strategy of shifting its business to a cloud-based subscription model will help generate stable long-term revenue.

(You can read the full Intuit research report here >>>)

Other noteworthy reports we feature today include Analog Devices, Inc. and The Progressive Corp..

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Past performance is not indicative of future results. The potential for loss is inherent in any investment. This document is provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold any security. No recommendation or advice is given as to whether any investment is suitable for any particular investor. It should not be assumed that investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is current as of the date hereof and is subject to change without notice. The views or opinions expressed may not reflect those of the company as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management of securities. These returns come from hypothetical portfolios composed of stocks with Zacks Rank = 1 that have been rebalanced monthly without transaction fees. These are not the returns of actual stock portfolios. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for more information on the performance figures displayed in this press release.

Zacks names ‘only one best choice for doubling up’

From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.

It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.

This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.

Free: See our best stock and our 4 finalists >>

Click to get this free report

Abbott Laboratories (ABT): Free Inventory Analysis Report

Analog Devices, Inc. (ADI): Free Inventory Analysis Report

Intuit Inc. (INTU): Free Inventory Analysis Report

The Progressive Corporation (PGR): Free Stock Analysis Report

TMobile US, Inc. (TMUS): Free Stock Analysis Report

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Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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