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The Zacks Analyst Blog Highlights Abbott, T-Mobile US, Intuit, Analog Devices and The Progressive

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For Immediate Release

Chicago, IL – July 5, 2022 – 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 includes Abbott Laboratories ABT, T-Mobile US, Inc. TMUS, Intuit Inc. INTU, Analog Devices, Inc. ADI and The Progressive Corp. PGR

Here are highlights from Friday’s Analyst Blog:

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

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 Abbott Laboratories, T-Mobile US, Inc. and Intuit Inc.. 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 >>>

Abbott shares have declined -6.5% over the past year against the Zacks Medical - Products industry's decline of -31.0%. The company's pediatric Nutrition sales reported a 4.4% year-over-year decline on an organic basis which has negatively impacted by a voluntary recall of certain powder formulas manufactured at one of Abbott's U.S. plants.

However, barring the Nutrition segment, the company registered organic sales growth across all its core operating segments. Global COVID-19 testing-related sales were led by rapid testing products. Within Diabetes Care, the company has been in the limelight for developments in its flagship, sensor-based continuous glucose monitoring system, FreeStyle Libre. Within Adult Nutrition, the company gained from the strong performance of Ensure and Glucerna brands.

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

T-Mobile shares have outperformed the Zacks Wireless National industry over the year-to-date basis (+16.0% vs. +6.7%). The company is on track to complete the Sprint customer network migration mid-year and decommissioning by the year-end. It is expanding its Home Internet pilot extensively while preparing to launch the 5G Home Internet service. Its Extended Range 5G covers 315 million people or 95% of Americans. The Ultra Capacity 5G covers 225 million people and nearly 85% of T-Mobile's customers.

About 45% of postpaid customers are using a 5G phone, and 5G devices account for more than half of the total network traffic. However, it operates in a fiercely competitive and almost saturated U.S. telecom market. Low-priced plans for consumers and small enterprises have not improved the bottom line. Promotional activities to lure customers from rivals hurt its profitability.

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

Intuit shares have declined -22.1% over the past year against the Zacks Computer - Software industry's decline of -15.4%. The company's near-term prospect looks gloomy as the global lockdown amid the coronavirus crisis has affected small businesses, posing risks to its revenue growth. Additionally, higher costs and expenses due to increased investments in marketing and engineering teams are likely to continue impacting bottom-line results in the near term.

However, Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues. The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company's lending product, QuickBooks Capital, remains positive. Moreover, the company's strategy of shifting its business to a cloud-based subscription model will help generate stable revenues over the long run.

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

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

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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.


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
 
Abbott Laboratories (ABT) : Free Stock Analysis Report
 
Analog Devices, Inc. (ADI) : Free Stock Analysis Report
 
Intuit Inc. (INTU) : Free Stock 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

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