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The Zacks Analyst Blog Highlights Home Depot, Linde, Disney, Palo Alto Networks, and U.S. Bancorp

For Immediate Release

Chicago, IL – May 26, 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: The Home Depot, Inc. HD, Linde plc LIN, The Walt Disney Company DIS, Palo Alto Networks, Inc. PANW, and U.S. Bancorp USB.

Here are highlights from Thursday’s Analyst Blog:

Top Stock Reports for Home Depot, Linde and Walt Disney

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 The Home Depot, Inc., Linde plc and The Walt Disney Company. 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 Home Depot have underperformed the Zacks Building Products - Retail industry over the past year (-1.4% vs. +4.2%). The company has witnessed dismal performance in first-quarter fiscal 2023. Results were impacted by a more broad-based pressure across the business, driven by softened demand versus expectations. A deflation in lumber prices and unfavorable weather have also hurt the results. HD also provided a conservative view for fiscal 2023.

Nevertheless, Home Depot has been witnessing significant benefits from the execution of the “One Home Depot” investment plan, which focuses on expanding supply chain facilities, technology investments and enhancement to the digital experience.

The interconnected retail strategy and underlying technology infrastructure have helped consistently boost web traffic for the past few quarters. The company remains on track with its strategic investments to build a Pro ecosystem.

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

Linde shares have outperformed the Zacks Chemical - Specialty industry over the past year (+12.5% vs. -3.2%). With a wide range of applications for its industrial gases, Linde is making the world more productive by the day. The company’s primary products in industrial gases include oxygen, which is used as life support in hospitals.

Linde has long-term contracts with on-site customers backed by minimum purchase requirements, thereby securing stable cashflows. In the profitable industrial gas market, the merger of Praxair and Linde has created an efficient player with considerable size advantages.

However, the cost of sales continues to increase, hurting the firm’s bottom line. Also, high leverage may limit its financial flexibility. The firm has mostly been paying a lower dividend yield than the industry’s composite stocks over the past two years.

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

Shares of Walt Disney have outperformed the Zacks Media Conglomerates industry over the year-to-date period (+2.5% vs. +2.0%). The company is benefiting from growing popularity of Disney+, owing to a strong content portfolio and a cheaper bundle offering.

Strong line-up of movies that include The Little Mermaid; Indiana Jones and the Dial of Destiny; The Boogeyman, Elemental and Haunted Mansion bodes well for the Media and Entertainment Distribution segment. Revival in Parks, Experiences and Products businesses is encouraging.

Theme Park business is likely to gain from strong demand across both the domestic and international parks. However, Disney+’s profitability continues to be negatively impacted by higher programming and production costs across Disney+, ESPN+ and Hulu. Disney’s leveraged balance sheet remains a concern.

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

Other noteworthy reports we are featuring today include Palo Alto Networks, Inc., and U.S. Bancorp.

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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

U.S. Bancorp (USB) : Free Stock Analysis Report

The Home Depot, Inc. (HD) : Free Stock Analysis Report

The Walt Disney Company (DIS) : Free Stock Analysis Report

Palo Alto Networks, Inc. (PANW) : Free Stock Analysis Report

Linde PLC (LIN) : Free Stock Analysis Report

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Zacks Investment Research