The Zacks Analyst Blog Highlights PepsiCo, Qualcomm, HSBC, Automatic Data Processing and Illumina

For Immediate Release

Chicago, IL – August 12, 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 include: PepsiCo, Inc. PEP, Qualcomm Inc. QCOM, HSBC Holdings plc HSBC, Automatic Data Processing, Inc. ADP, and Illumina, Inc. ILMN

Here are highlights from Thursday’s Analyst Blog:

Top Research Reports for PepsiCo, Qualcomm and HSBC

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 PepsiCo, Inc., Qualcomm Inc. and HSBC Holdings plc. 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 >>>

PepsiCo's shares have outperformed the Zacks Beverages - Soft drinks industry over the past year (+16.8% vs. +9.2%) on the back of resilience and strength of global beverage and convenient food businesses. It expects to benefit by delivering convenience, variety and value proposition to customers through its brands. It raised its revenue view for 2022.

However, PepsiCo witnessed margin pressures in the second quarter driven by impacts of supply-chain disruptions and inflationary labour, transportation and commodity costs. PEP anticipates incremental input cost inflation for the balance of 2022. Adverse currency rates also remain headwinds.

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

Qualcomm shares have outperformed the Zacks Wireless Equipment industry over the past year (+3.7% vs. -5.4%) as the company continues to enjoy healthy traction in EDGE networking solutions across diverse sectors.

The buyout of Arriver will bolster its ability to deliver fully integrated Advanced Driver Assistance System solutions to automakers. The company is well-positioned to benefit from solid 5G traction with greater visibility and diversified businesses to meet its long-term revenue targets.

However, Qualcomm faces intense competition from low-cost chip manufacturers. High research and development costs are expected to dent margins, while global chip shortage due to supply-chain disruptions is a headwind. It is susceptible to risks arising from lower handset shipments, especially in China.

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

HSBC's shares have outperformed the Zacks Banks - Foreign industry over the past year (+22.8% vs. -5.4%). The company's strong capital position, initiatives to strengthen digital capabilities, an extensive network and improvement in operating efficiency through business restructuring will likely keep aiding growth.

Exiting from the U.S. and French retail banking operations is expected to help HSBC focus on Asia. In sync with this, the acquisition of AXA Singapore insurance assets will expand business in the region. Although initiatives to improve market share in the U.K. and China will continue to support financials, these might lead to a rise in costs, which will hurt HSBC's profits. Yet, HSBC's product and service leadership in many of the cross-border banking services helps it in widening its customer base.

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

Other noteworthy reports we are featuring today include Automatic Data Processing, Inc., and Illumina, Inc..

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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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QUALCOMM Incorporated (QCOM) : Free Stock Analysis Report
 
Automatic Data Processing, Inc. (ADP) : Free Stock Analysis Report
 
PepsiCo, Inc. (PEP) : Free Stock Analysis Report
 
Illumina, Inc. (ILMN) : Free Stock Analysis Report
 
HSBC Holdings plc (HSBC) : Free Stock Analysis Report
 
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