Top Research Reports for PepsiCo, QUALCOMM and HSBC – August 11, 2022

Thursday, August 11, 2022

Zacks Research Daily presents the best research results of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including PepsiCo, Inc. (PEP), QUALCOMM Incorporated (QCOM) and HSBC Holdings plc (HSBC). These research reports have been selected from around 70 reports published by our analyst team today.

You can do it see all research reports today here >>>

of PepsiCo Shares have outperformed the Zacks Beverages – Soft drinks industry over the past year (+16.8% vs. +9.2%) on the back of stability and strength in the global beverage and convenience foods businesses. It hopes 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 the effects of supply-chain disruptions and inflationary labor, transportation and commodity costs. PEP expects incremental input cost inflation for the balance of 2022. Adverse currency rates also remain headwinds.

(You can do it read the full PepsiCo research report 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 sectors.

The purchase of Arriver will strengthen the 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 reach its long-term revenue targets.

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

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

of HSBC 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 improvements in operational efficiency through business restructuring are likely to continue to support growth.

The exit from the US and French retail banking operations is expected to help HSBC focus on Asia. At the same time, the acquisition of AXA Singapore insurance assets will expand the business in the region. Although initiatives to improve market share in the UK and China will continue to support finances, this may lead to increased costs, which will harm HSBC’s earnings. However, HSBC’s product and service leadership in many of the cross-border banking services is helping it expand its customer base.

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

Other notable reports we’re featuring today include ServiceNow, Inc. (NOW), Automatic Data Processing, Inc. (ADP), and Illumina, Inc. (ILMN).

Sheraz Mian

Director of Research

Note: Sheraz Mian heads the Zacks Equity Research department and is a renowned expert on consolidated returns. He is frequently quoted in print and electronic media and publishes weekly Income Trends and Earnings Preview reports. If you would like an email notification every time Sheraz publishes a new article, please click here>>>


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