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The Zacks Analyst Blog Highlights: Mastercard, NVIDIA, Costco, Disney and Bristol-Myers Squibb

Zacks Equity Research
·5-min read

For Immediate Release

Chicago, IL – March 8, 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: Mastercard Incorporated MA, NVIDIA Corporation NVDA, Costco Wholesale Corporation COST, The Walt Disney Company DIS and Bristol-Myers Squibb Company BMY.

Here are highlights from Friday’s Analyst Blog:

Top Stock Reports for Mastercard, NVIDIA and Costco

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 Mastercard, NVIDIA and Costco Wholesale. 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 >>>

Mastercard shares have outperformed the Zacks Financial Transaction Services industry over the past year (+23.9% vs. +11.6%). The Zacks analyst believes that the company is gaining from solid demand for digital and contactless solutions amid the COVID crisis.

Investment in technology keeps Mastercard at the forefront of the rapidly-evolving payments industry.  The company is well poised to gain from consistent cash generating abilities from operations. Its strong capital position drives investment in business and shareholder value addition.

The company's earnings of $1.64 per share beat the Zacks Consensus Estimate by 8.6% but the same declined 16% year over year due to weak cross-border business. However, steep costs might stress margins. The company's cross-border volumes will remain suppressed due to COVID-led restriction on travel and entertainment.

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

Shares of NVIDIA have lost -2.5% in the last six months against the Zacks General Semiconductor industry’s gain of +9.8%. The Zacks analyst believes that NVIDIA is benefiting from the coronavirus-induced work-from-home and learn-at-home wave.

It is also benefiting from strong growth in GeForce desktop and notebook GPUs, which is boosting gaming revenues. Moreover, a surge in Hyperscale demand remains a tailwind for the company’s Data Center business. Expansion of NVIDIA GeForce NOW is expected to drive the user base.

Additionally, collaboration with Daimler-owned Mercedes-Benz is expected to further strengthen NVIDIA’s presence in the autonomous vehicles and other automotive electronics space. However, management expects COVID-19 pandemic to negatively impact near-term revenues. Moreover, the U.S.-China trade war remains a key concern.

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

Costco’s shares have lost -16.5% over the past three months against the Zacks Discount Retail industry’s loss of -7.8%. The Zacks analyst believes that Costco has been benefiting from the coronavirus-induced spike in demand due to its status of an essential retailer.

The company’s growth strategies, better price management, decent membership trend and increasing penetration of e-commerce business reinforce its position. Cumulatively, these factors have been aiding in registering impressive sales and earnings numbers.

Costco put up a decent performance in second-quarter fiscal 2021, wherein both the top and the bottom lines grew year over year. However, margins still remain an area to watch. Any deleverage in SG&A rate as well incremental wages and sanitation costs cannot be ignored.

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

Other noteworthy reports we are featuring today include The Walt Disney Company and Bristol-Myers Squibb.

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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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NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
The Walt Disney Company (DIS) : Free Stock Analysis Report
 
Costco Wholesale Corporation (COST) : Free Stock Analysis Report
 
Mastercard Incorporated (MA) : Free Stock Analysis Report
 
Bristol Myers Squibb Company (BMY) : Free Stock Analysis Report
 
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Zacks Investment Research