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The Zacks Analyst Blog Highlights Visa, Netflix, Adobe, Morgan Stanley and Howmet Aerospace

For Immediate Release

Chicago, IL – June 18, 2024 – 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: Visa Inc. V, Netflix, Inc. NFLX, Adobe Inc. ADBE, Morgan Stanley MS and Howmet Aerospace Inc. HWM.

Here are highlights from Monday’s Analyst Blog:

Top Analyst Reports for Visa, Netflix and Adobe

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 Visa Inc., Netflix, Inc. and Adobe 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 >>>

Shares of Visa have gained +18.2% over the past year against the Zacks Financial Transaction Services industry's gain of +23.1%. The company's strategic acquisitions and alliances are fostering long-term growth and consistently driving its revenues. It expects net revenues to increase in low double digits for fiscal 2024.

Visa, fueled by increased payments, cross-border volumes and sustained investments in technology, is witnessing significant profit growth. It reported strong fiscal 2Q24 results. The ongoing shift to digital payments is advantageous for Visa, with strong domestic volumes supporting its overall performance. A robust cash position enables the company to enhance shareholder value.

However, elevated operating expenses pose margin challenges. It is witnessing a volatile cash volume from the Asia Pacific and CEMEA regions. Moreover, rising client incentives will affect its adjusted revenues.

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

Netflix's shares have outperformed the Zacks Broadcast Radio and Television industry over the year-to-date period (+37.5% vs. +14.1%). The company is benefiting from its growing subscriber base, thanks to a robust portfolio. Crackdown on password-sharing and the introduction of paid sharing in more than 100 countries, which represents over 80% of Netflix's revenue base, is also expected to aid growth.

Netflix's diversified content portfolio, which is attributable to heavy investments in the production and distribution of localized and foreign-language content, has been driving its growth prospects

However, stiff competition in the streaming space from the likes of Apple, Amazon Prime Video, Disney+, Peacock and Paramount+ is a headwind. Netflix's leveraged balance sheet and a higher streaming obligation are concerns. Additionally, unfavorable forex is expected to hurt operating income in the second quarter of 2024.

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

Shares of Adobe have underperformed the Zacks Computer - Software industry over the year-to-date period (-11.9% vs. +14.2%). The company reported strong fiscal second-quarter results wherein both earnings and revenues grew year over year. The company's Creative Cloud, Document Cloud and Adobe Experience Cloud products drove the top-line growth.

Further, rising subscription revenues and solid momentum across the mobile apps remained major positives. Growth in emerging markets, robust online video creation demand, and solid adoption of Acrobat and Firefly are tailwinds. Continued key customer wins of the company are contributing well.

The Zacks analyst remain optimistic about Adobe's market position, compelling product lines, continued innovation, strategic acquisitions and solid adoption of cloud applications. However, the ongoing tensions between Russia and Ukraine remain major headwinds for Digital Media segment.

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

Other noteworthy reports we are featuring today include Morgan Stanley and Howmet Aerospace 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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Morgan Stanley (MS) : Free Stock Analysis Report

Visa Inc. (V) : Free Stock Analysis Report

Netflix, Inc. (NFLX) : Free Stock Analysis Report

Adobe Inc. (ADBE) : Free Stock Analysis Report

Howmet Aerospace Inc. (HWM) : Free Stock Analysis Report

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Zacks Investment Research