Zacks Highlights: AMZN, BABA, NKE
Zacks.com announced the list of stocks on the Analyst Blog. Every day, Zacks Equity Research analysts research the latest news and events that affect stocks and financial markets. Recent stocks on the blog are Amazon.com AMZN, Alibaba Group FATHER, Nike NKE, 3M Company MMM and BP p.l.c. BP.
Highlights of the Analyst Blog: Best Research Reports for Amazon, Alibaba and Nike
Amazon had become the leader of the retail space before making Covid-19 an important part of most households. It increased its digital sales, which is a current trend in the world before pandemic. Amazon shares have excelled in recent years, up by + 46.1% last year and outperformed the + 7.5% gain of the S&P 500 index over the same period.
Besides the online retail dominance of Amazon, Zacks argues that the company’s AWS business is a key competitive advantage in cloud computing.
Alibaba shares surpass Amazon this year. Stocks increased + 6.2% compared to + 48.1% of Amazon. Zacks thinks that the Alibaba Group continues to recover steadily in the business and strong cloud business. The company continues to benefit from metric growth.
In addition, with the growing customer base of Alibaba, it helps to strengthen cloud business and increase its performance. The company’s New Retail strategy is also gaining momentum. This leads to growth in Tmall Import, Hema fresh food grocery business and Intime Department Stores.
Nike‘s shares have increased by + 25.3% over the past three months against the + 29.4% increase in the Zacks Shoes and Retail Clothing industry. Zacks believes that the digital ecosystem plays an important role in tackling the COVID-19 crisis and benefits the company.
In particular, the company maintained its record of positive earnings with sales competition and positive earnings in the third quarter. The Nike Direct company performed well in all geographies with Converse more than 30% digital revenue growth.