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Zacks Industry Outlook Highlights CVS Health, Walgreens Boots Alliance, Rite Aid and Amazon

Zacks Industry Outlook Highlights CVS Health, Walgreens Boots Alliance, Rite Aid and Amazon

For Immediate Release

Chicago, IL – January 25, 2023 – Today, Zacks Equity Research discusses CVS Health CVS, Walgreens Boots Alliance WBA, Rite Aid RAD and Amazon’s AMZN.

Industry: Pharmacy & Drugstore

Link: https://www.zacks.com/commentary/2043036/3-retail-pharmacy-and-drugstore-stocks-to-watch-amid-industry-headwinds

The past three years of the public health crisis have significantly altered the structure and trend of the Retail – Pharmacies and Drug Stores industry. On a positive note, amid the ongoing supply-chain disruption and staffing shortages within healthcare, the retail pharmacy business has been in high demand, thanks to the exponentially growing demand for distant medical services and remote patient care. Particularly, mail-order pharmacies are registering growth on account of telehealth and remote monitoring services.

Added to this, with digitization, retail industry players are significantly strengthening their omnichannel presence from sole brick-and-mortar dependency. All these are creating unique opportunities for stalwarts within the industry like CVS Health, Walgreens Boots Alliance and Rite Aid, which are investing strategically in easy patient access to prescription and maintenance medications.

However, the majority of the retail drug store heavyweights have been southbound due to the ongoing pressure of drug pricing and reimbursement. Further, with a decline in the severity of COVID-19, the demand for related retail health support has decreased meaningfully, resulting in a significant drop in pandemic-led revenue generation for the industry players.

Last but not least, perceiving the huge growth prospects of this space, there has been a number of new entries in this industry, increasing the competitiveness of the space. Especially, a stalwart like Amazon‘s entry into the retail drugstore space has created a survival issue among the existing entities.

Industry Description

The Zacks Retail – Pharmacies and Drug Stores industry includes retailing of a range of prescription and over-the-counter medications. The broad retail network of companies within the retail pharmacy industry delivers advanced health solutions to patients, customers and caregivers.

Over the past few years, the scope of the retail pharmacy and drugstore market has expanded exponentially. In North America, some of these entities evolved to add wellness products and groceries to their traditional portfolio of prescription and over-the-counter medications. Looking at the attractive growth potentials of this industry,  non-healthcare leaders like Amazon, in 2018, acquired pharmacy delivery startup PillPack to enter the U.S. healthcare space.

3 Trends Shaping the Future of the Retail – Pharmacies and Drug Stores Industry

Industry Trend Remains Dismal Amid Reimbursement Pressure: Brand-name drugs, which hold wide profit margins, are protected with a reliable supply chain. However, the low-margin generic drugs, which have a fragile supply chain network, have been bearing the brunt of the pandemic-induced economic slump. Drug retailers are also witnessing a constant rise in medicine prices, stemming from the rising cost of raw materials of drugs.

The industry players are currently grappling with continued pressure from non-reimbursable pharmacy expenses, which are significantly pulling down the mass demand for prescription as well as over-the-counter drugs and vaccinations. It has been widely observed that patients are replacing prescription medicines with low-cost generic drugs.

Amazon’s Entry Steals Market Share: A Business Insider report in 2021 came up with the speculation that there have been discussions about Amazon setting up standalone stores in a few locations, including Boston and Phoenix. Further, per the report, which cites insider sources, Amazon is exploring plans to place the pharmacies inside Amazon-owned Whole Foods locations. Earlier, following its entry, the e-commerce giant grabbed a significant chunk of the online pharmacy market from the legacy retail drug store space.

Amazon Pharmacy’s omichannel performance has been significantly robust since the inception. Going by a Viseven report of Jan 5, 2023, Amazon’s omnichannel experiences are the keystone to customer retention that help to cover previous sales reductions. This has already significantly increased competition in the retail pharmacy market. Needless to say, the speculation of Amazon planning to enter the Brick-And-Mortar space has come as a major blow to the industry, putting retail pharmacy and drugstore stocks in a tighter spot.

Online Pharmacy and Mail Order Boom: The widespread shelter-in-place regulations since the beginning of the pandemic have created a significant shift in demand toward mail order and online pharmacies. Experts say that this transition is expected to last even after the pandemic is over. Data claims that COVID-19 has only accelerated the already-growing demand for e-pharmacy and mail-ordered home delivery systems.

Going by a Patch report, “Two years ago, 11{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of U.S. adult pharmacy customers got their prescription from an online pharmacy, based on a survey conducted by market research firm CivicScience, [.] That figure has been steadily rising over the years, according to Statista.com, an online statistics portal.” With Amazon’s big move into the healthcare space, the retail pharmacy industry entered a new phase of fierce competition. To counter this rivalry, the companies are strategically attempting to gain in size and scale.

Zacks Industry Rank Indicates Dull Near-Term Prospects

The industry’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. The Zacks Retail – Pharmacies and Drug Stores industry, housed within the broader Zacks Retail and Wholesale sector, currently carries a Zacks Industry Rank #190, placing it in the bottom 24{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of more than 250 Zacks industries. Our research shows that the top 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of the Zacks-ranked industries outperforms the bottom 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} by a factor of more than 2 to 1.

We will present a few stocks that have the potential to outperform the market based on a strong earnings outlook. But it’s worth taking a look at the industry’s shareholder returns and current valuation first.

Industry Underperforms S&P 500 & Sector

The Zacks Retail – Pharmacies and Drug Stores industry has underperformed the Zacks S&P 500 composite as well as its sector over the past year. The stocks in this industry have collectively lost 20{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} over this period, while the Retail-Wholesale Sector has declined 12.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}. The S&P 500 composite has declined 10{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} over the said time frame.

Industry’s Current Valuation

On the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing medical stocks, the industry is currently trading at 9.3X compared with the S&P 500’s 17.78X and the sector’s 22.14X.

Over the last five years, the sector has traded as high as 12.51X, as low as 7.53X, and at the median of 9.92X.

3 Retail – Pharmacies and Drug Stores Stocks in Focus

CVS Health: CVS Health is currently seeing greater engagement in an expanded set of digital health services such as antibody and PCR testing, vaccinations and omni-channel pharmacy. During the last-reported third quarter of 2022, the company added nearly one million digital customers and is currently serving more than 46 million unique digital customers, an impressive 11 million more since this time last year.

This uptick was driven by the company’s omnichannel pharmacy strategy, focused on simplifying how consumers fill and receive prescriptions. CVS Health’s digital capabilities for health interactions such as COVID testing and vaccines, prescription services, and sales of health and wellness products have dramatically increased consumer engagement across all CVS Health businesses.

The Zacks Consensus Estimate for 2022 revenues indicates a 7.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} rise from 2021. CVS Health, a Zacks Rank #3 (Hold) stock, also has an impressive five-year historical earnings growth rate of 8.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Walgreens Boots: Walgreens Boots continues to make progress in transforming the pharmacy business and the method of delivering healthcare, both through physical stores and digital channels. Currently, the company’s U.S. retail business is demonstrating good momentum through digital and omnichannel growth from the myWalgreens loyalty program, owned brand innovation and alternative profit streams.

In the last-reported first quarter of fiscal 2023, the company continued to progress in transforming the pharmacy business and the method of delivering healthcare through physical stores and digital channels. The company is also witnessing mid-single-digit growth in stores with normal hours. Moreover, Walgreens has opened its ninth automated micro fulfillment center, now supporting about 3,000 total stores.

The Zacks Consensus Estimate for fiscal 2023 revenues indicates a rise of 1.5{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} from fiscal 2022. The long-term expected earnings growth rate is pegged at an impressive 5{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}. Walgreens Boots carries a Zacks Rank #3 at present.

Rite Aid: Rite Aid remains focused on strengthening its foothold in mid-market PBM, innovating across its retail and mail-order pharmacy channels, enhancing the in-store experience by curated digital offerings, improving merchandise and rebranding its image with a new logo. Rite Aid earlier launched the first three Stores of the Future and successfully concluded the acquisition of Bartell, which will help expand its customer base.

The company revealed plans to lower costs via the closure of 145 unprofitable stores, reduced corporate administrative expenses and enhanced efficiencies in worked payroll, and other store labor costs. It also intends to reduce costs related to Elixir due to declining membership.

The Zacks Consensus Estimate for fiscal 2024 earnings indicates a rise of 28.24{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} from fiscal 2023. Rite Aid currently carries a Zacks Rank of #3.

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Rite Aid Corporation (RAD) : Free Stock Analysis Report

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Commercial Sous Vide Machine Market to Notice Utmost Growth of USD 1,233.86 million by 2030, Size, Share, Trends, Key Drivers, Development Trends and Industry Growth Outlook

Commercial Sous Vide Machine Market to Notice Utmost Growth of USD 1,233.86 million by 2030, Size, Share, Trends, Key Drivers, Development Trends and Industry Growth Outlook
Data Bridge Market Research

Data Bridge Market Research

Data Bridge Market Research analyses that the global commercial sous vide machine market is expected to reach the value of USD 1,233.86 million by 2030, at a CAGR of 5.8{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} during the forecast period.

PARIS, Jan. 24, 2023 (GLOBE NEWSWIRE) — Data Bridge Market Research completed a qualitative study titled “Commercial Sous Vide Machine Market” with 100+ market data tables, pie charts, graphs, and figures spread across Pages and an easy-to-grasp full analysis. The superior Commercial Sous Vide Machine market report includes historic data, present market trends, environment, technological innovation, upcoming technologies, and the technical progress in the related industry. Businesses can utilize this market document to obtain productive ideas with which products can be made more effective and impressive in the competitive market. This market research report is a high-quality report having in-depth market research studies. In addition to detailing the competitive landscape of the key players, the Commercial Sous Vide Machine business report also offers a complete and distinct analysis of the market drivers and restraints, a detailed analysis of the market segmentation, key developments in the market, and details of research methodology.

Data Bridge Market Research analyses that the global commercial sous vide machine market is expected to reach a value of USD 1,233.86 million by 2030, at a CAGR of 5.8{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} during the forecast period.

Get a PDF Sample of the Commercial Sous Vide Machine Industry @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-commercial-sous-vide-machine-market

Sous vide, often known as low-temperature, long-time cooking is a cooking technique in which food is cooked in a water bath for a lengthier period of time than usual (typically one to seven hours, but occasionally up to 72 hours or more) at a precisely controlled temperature.

The temperature is substantially lower than what is commonly used to prepare food; for red meat, it is often between 55 and 60 °C (130 and 140 °F), for chicken, between 66 and 71 °C (150 and 160 °F), and for vegetables, it is higher. The main function of sous vide is to cook the dish evenly, ensuring that the inside is fully cooked while not overcooking the outside, and to keep the moisture locked.
Sous vide machines, associated with expert chefs, are gaining appeal because of their smart functions and promise of precise, hands-free cooking. These appliances, also known as immersion circulators and sous vide cookers, work by heating a water bath to the correct temperature and then maintaining it so the water can slowly cook sealed and submerged meals to the ideal doneness. The rise in the number of people opting for a healthy diet in developed countries is a key driver driving market expansion.

Fundamental Aim of Commercial Sous Vide Machine Market Report

In the Commercial Sous Vide Machine market, every company has goals, but this report focus in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.

The Commercial Sous Vide Machine Market is Dominated by Firms Such as

Download the Complete Research Study Here in PDF Format @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-commercial-sous-vide-machine-market

OPPORTUNITY

Foods are vacuum-sealed in plastic bags, or glass jars, or reusable silicon bags for sous vide cooking, which uses carefully regulated heat to cook the food. Cooking durations are longer, and temperatures are lower. The end result is a dish that is evenly cooked throughout and preserves all of the moisture, nutrients, and flavours of the ingredients. The design and quality of the plastic pouch that the food is cooked in are essential for the success of sous vide. Vacuum packaging has developed throughout time, and today it serves more purposes than only prolonging shelf life and enhancing portion control. It is an innovative cooking method today. Ingredients are vacuum-sealed in a pouch for sous vide cooking. To achieve the intended outcome, these are cooked at a specified temperature. More and more renowned chefs are turning to this cooking method, and the number of people using it is rising. This method is one of the most significant culinary advancements of the present since it maintains meat and fish soft and succulent no matter how long they have been cooked. Vacuum sealing allows for efficient heat transfer from water and lengthens shelf life by preventing recontamination. The Aseptic packaging technology uses 30 percent less energy than canning and 80 percent less energy than freezing. Using our technology, healthy, nutritious and affordable ready-to-eat meals can be made and globally distributed.

Key Market Segments Covered in Commercial Sous Vide Machine Industry Research

Product

Capacity

Packaging

Application

End-use

Distribution channel

Key Growth Drivers:

The demand for sous vide devices has increased as a result of changing consumer habits and an increase in the number of working women. Working women only have a small amount of time for cooking. In order to cook meals more quickly than they could otherwise, they choose sous vide machines. When food is served sous vide way, it is more flavourful and delicious. Because the food simmers slowly in its juices, less salt and oil need to be added. No additional seasonings or sauces are required when serving sous vide food because it develops its juices and lets the product’s inherent flavors and colors show through. This is good for anyone seeking to eat fewer calories and is excellent for one’s general health.

Companies use various strategies to promote their products as recent ongoing trends, highly in-demand products, recent technology and various other concepts. A product launch strategy involves research, testing and actions from different departments to ensure customers buy a product. The market players in commercial sous vide manufacturing are constantly working towards new product launches in the market. The launch of new sous vide products helps to satisfy the preference of different consumers in the market. Launch strategies help in product launches, market understanding, trends analysis, and much more beneficial accepts that help industry experts to expand. An important part the launch plan is validating the product and its benefits quickly. This is done by using the Net Promoter Score (NPS), and the Customer Satisfaction Score (CSAT) can be corrupted when you get negative feedback from users who are not meant to test the first version of your product or feature. In this way, manufacturers consistently create new launch strategies, which help the company to grow. Continuous collaborations between companies, strategic alliances, funding and company’s expansion boost the company’s growth globally, which will ultimately boost the market growth.

Browse a Detailed Summary of the Research Report @ https://www.databridgemarketresearch.com/reports/global-commercial-sous-vide-machine-market

Commercial Sous Vide Machine Market Regional Analysis/Insights:

The countries covered in the commercial sous vide machine market report are U.S., Canada, Mexico, Germany, United Kingdom, Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Turkey, Rest of Europe, Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, United Arab Emirates, Saudi Arabia, Kuwait, Oman, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

North America region is expected to dominate the market due to large production, easy availability of products, and increased customers. In North America, the U.S. is expected to dominate the market due to the increase demand in the horeca and catering industry.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

The investment made in the study would provide you access to information such as:

  • Commercial Sous Vide Machine Industry [Global – Broken-down into regions]

  • Regional level split [North America, Europe, Asia Pacific, South America, Middle East & Africa]

  • Country wise Market Size Split [of important countries with major market share]

  • Market Share and Revenue/Sales by leading players

  • Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter’s Five Forces, etc.

  • Market Size

  • Market Size by application/industry verticals

  • Market Projections/Forecast

Table of Contents:

  1. Introduction

  2. Market Segmentation

  3. Executive Summary

  4. Premium Insights

  5. Global Commercial Sous Vide Machine Market: Regulations

  6. Market Overview

  7. Global Commercial Sous Vide Machine Market, By Product

  8. Global Commercial Sous Vide Machine Market, By Capacity

  9. Global Commercial Sous Vide Machine Market, By Packaging

  10. Global Commercial Sous Vide Machine Market, By Application

  11. Global Commercial Sous Vide Machine Market, By End User

  12. Global Commercial Sous Vide Machine Market, By Distribution Channel

  13. Global Commercial Sous Vide Machine Market, By Region

  14. Global Commercial Sous Vide Machine Market: Company Landscape

  15. SWOT Analyses

  16. Company Profile

  17. Questionnaires

  18. Related Reports

Get the Full Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-commercial-sous-vide-machine-market

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Zacks Industry Outlook Highlights Interactive Brokers and LPL Financial

Zacks Industry Outlook Highlights CVS Health, Walgreens Boots Alliance, Rite Aid and Amazon

For Immediate Release

Chicago, IL – December 30, 2022 – Today, Zacks Equity Research discusses Interactive Brokers Group, Inc. IBKR and LPL Financial Holdings Inc. LPLA.

Industry: Investment Banks

Link: https://www.zacks.com/commentary/2033334/2-investment-banks-to-buy-for-2023-on-robust-trading-business

The Zacks Investment Bank industry is supported by market volatility-driven growth in the trading business, which is expected to continue as the uncertainty-induced volatility will likely persist in the near-to-medium term. While costs related to technological upgrades might impede bottom-line growth, these will eventually lead to improved operating efficiency.

Yet, a challenging operating backdrop has resulted in faltering industry-wide corporate debt and equity issuances and muted global deal-making activities. Despite these headwinds, a few names, like Interactive Brokers Group, Inc. and LPL Financial Holdings Inc., are worth betting on.

Industry Description

The Zacks Investment Bank industry consists of firms that provide financial products and services that include advisory-based financial transactions to corporations, governments and financial institutions across the globe. These started as partnership firms focused on initial public offerings (IPOs), secondary market offerings, brokerage and mergers and acquisitions (M&As).

Gradually the companies have evolved into providers of various other services, including securities research, proprietary trading and investment management. Therefore, the industry players work mainly through three product segments — investment banking (comprising M&As, advisory services and securities underwriting), asset management and trading and principal investments (consisting of proprietary and brokerage trading).

3 Major Trends Shaping the Future of the Investment Bank Industry

Trading Business to Offer Support: Client activity in the trading business largely depends on the prevalent macroeconomic and geopolitical conditions. Since the beginning of 2022, market volatility has significantly increased on several geopolitical and macroeconomic concerns. Before that, the investment banking industry had witnessed a similar level of volatility from March 2020 till the first couple of months of 2021 owing to the coronavirus outbreak-induced uncertainty.

The current prevalent situation is likely to persist in 2023 as the markets are still grappling with looming recession expectations, the COVID-19 breakout in China and other geopolitical matters. Hence, the trading volumes will continue to rise, driven by huge client activities in both equity and fixed-income businesses, thereby boosting trading income.

Technological Upgrades to Improve Operating Efficiency: Innovative trading platforms and investments in technology and advertising are likely to support the overall operations of investment banks. The industry players are emphasizing attracting and retaining the best talent for building a leadership team and spending on technology to support clients with infrastructure development and new platforms. While investment banks are likely to face increasing technology-related costs in the near term, these initiatives are expected to result in improved operating efficiency over time.

Slowdown in Underwriting and M&As: After a blockbuster performance in 2021, IPO, underwriting and deal-making activities have almost come to a grinding halt since the start of 2022. The primary reasons for the shrinking investment banking (IB) activities are the ongoing Ukraine-Russia conflict, global supply-chain disruptions, significant monetary policy tightening across the globe to control raging inflation and recession risks.

These tough market conditions are leading to a plunge in stock prices and slowing global economic growth, thereby hurting debt and equity issuances. While the deal pipeline looks healthy, there has been a substantial decline in M&A activity and volumes. Thus, subdued underwriting and advisory businesses are expected to keep hurting industry players’ revenue growth in 2023.

Zacks Industry Rank Indicates a Bright Picture

The Zacks Investment Bank industry is a 17-stock group within the broader Zacks Finance sector. The industry currently carries a Zacks Industry Rank #42, which places it in the top 17{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of more than 245 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates rosy near-term prospects. Our research shows that the top 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of the Zacks-ranked industries outperform the bottom 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} by a factor of more than 2 to 1.

Before we present a few stocks that you may want to consider on the back of an improving trading picture, let’s take a look at the industry’s recent stock market performance and valuation picture.

Industry Outperforms Sector and S&P 500

The Zacks Investment Bank industry has outperformed its sector and the S&P 500 over the past two years. While the stocks in the industry have collectively gained 22.5{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, the S&P 500 composite has rallied 1.1{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and the Zacks Finance sector has risen 5.6{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}.

Industry Valuation

One might get a good sense of the industry’s relative valuation by looking at its price-to-tangible book ratio (P/TBV), which is commonly used for valuing investment banks because of large variations in their earnings results from one quarter to the next.

The industry currently has a trailing 12-month P/TBV of 3.81X, above the median level of 2.66X, over the past five years. This compares with the highest level of 4.09X and the lowest level of 1.37X over this period. However, the industry is trading at a huge discount when compared with the market at large, as the trailing 12-month P/TBV ratio for the S&P 500 is 9.76X and the median level is 9.85X.

As finance stocks typically have a lower P/TBV ratio, comparing investment banks with the S&P 500 may not make sense to many investors. But a comparison of the group’s P/TBV ratio with that of the broader sector ensures that the group is trading at a decent discount. The Zacks Finance sector’s trailing 12-month P/TBV ratio of 4.54X and the median level of 3.90X for the same period are above the Zacks Investment Bank industry’s respective ratios.

2 Investment Banks to Buy for 2023

Interactive Brokers: This Zacks Rank #2 (Buy) company operates as an automated global electronic market maker and broker. The company, based in Greenwich, CT, specializes in routing orders, executing and processing trades in securities, futures, foreign exchange instruments, bonds and mutual funds on more than 135 electronic exchanges and market centers worldwide.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Since its inception, Interactive Brokers has been chiefly focusing on developing proprietary software to automate broker-dealer functions, which has resulted in steady top-line improvement. Also, innovative products and the launch of several new products and services (like IBKR GlobalTrader and IBKR Lite) are expected to strengthen the company’s position in the online brokerage space. The company has also launched cryptocurrency trading via Paxos Trust Company, charging lower commissions than other crypto exchanges.

Though rising expenses act as a deterrent, the company continues to explore opportunities in the emerging markets of Taiwan, Mexico and India. Given the rapid growth of its European business, IBKR has substantially expanded its operations there. These diversification efforts help it experience revenue stability.

Shares of the company, which has a market cap of $30.6 billion, have lost 9.2{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} over the past year. The Zacks Consensus Estimate for earnings implies year-over-year growth of 16.9{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 27.8 {1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} for 2022 and 2023, respectively.

LPL Financial: This Zacks Rank #2 company is a clearing broker-dealer and an investment advisory firm. The company, based in Boston, MA, acts as an agent for its advisors on behalf of its clients by providing access to a broad array of financial products and services.

LPLA has been making efforts to increase its client base. Given the company’s recruiting efforts and solid advisor productivity, advisory revenues are expected to keep improving. The acquisition of Allen & Company in 2019 and the launch of a no-transaction-fee exchange-traded fund network will continue to boost the value of LPL Financial’s advisory platform.

LPL Financial has accomplished several strategic deals over the past few years. In July 2022, it entered into an agreement to acquire the private client group business of Boenning & Scattergood, while in 2021, it acquired Waddell & Reed’s wealth management business. These, along with the past inorganic expansion efforts, will continue to support growth and help LPL Financial diversify revenues.

LPLA has a market cap of $17 billion. Over the past 12 months, shares of the company have jumped 31.6{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}. The Zacks Consensus Estimate for earnings indicates year-over-year surge of 61.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 72.8 {1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} for 2022 and 2023, respectively.

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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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Interactive Brokers Group, Inc. (IBKR) : Free Stock Analysis Report

LPL Financial Holdings Inc. (LPLA) : Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Vending Machine Market to Exhibit a Remarkable CAGR of 9.55{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} by 2029, Size, Share, Demand, Trends, Key Drivers, Opportunity Analysis and Competitive Outlook

Vending Machine Market to Exhibit a Remarkable CAGR of 9.55{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} by 2029, Size, Share, Demand, Trends, Key Drivers, Opportunity Analysis and Competitive Outlook

BOSTON, Dec. 22, 2022 /PRNewswire/ — Data Bridge Market Research has recently published a Report, titled, “Vending Machine Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. Market research information of Vending Machine report analyses prime challenges faced by the Vending Machine industry currently and in the coming years, which gives idea to other market participants about the problems they may face while operating in this market over a longer period of time. This Global Vending Machine market report contains all the company profiles of the major players and brands. These factors consist of but are not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation.

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The vending machine market is expected to be growing at a growth rate of 9.55{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} in the forecast period of 2022 to 2029.

Download Sample Copy of Vending Machine Market @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-vending-machine-market

An automated machine that is meant to supply the users with a diverse range of products: snacks, beverages, pizzas, cupcakes, newspapers, tickets, etc. A slot machine dispenses a product to the users supported the quantity of cash inserted and choice of the merchandise.

The innovative machine and vending effortlessness is the major factor accelerating the growth of the vending machine market. Furthermore, burgeoning requirement for ready to eat snacks, and on-the-go drinks, due to unsystematic schedule and lifestyle which is expanding the goods business are also expected to drive the growth of the vending machine market. However, strict regulations regarding the sales of unhealthy, junk food and tobacco products in public places and the majority of commercial spaces restrains the vending machine market, whereas, fixed product prices will challenge the vending machine market growth.

Some of the major players operating in the Vending Machine market are:

  • Azkoyen Group,

  • BIANCHI INDUSTRY SPA,

  • BULK VENDING SYSTEMS,

  • Compass Group PLC,

  • Crane Merchandising Systems,

  • Evoca Group,

  • Fas International,

  • JOFEMAR SA,

  • Royal Vendors, Inc.,

  • Uflex Limited,

  • HUNAN CHINA SUN,

  • Serac Group,

  • GEA Group Aktiengesellschaft,

  • SIPA,

  • Sidel,

  • Velteko S.R.O.,

  • ARPAC LLC SANDEN HOLDINGS CORPORATION,

  • Seaga Group,

  • Canteen,

  • American Vending Machines,

  • Automated Merchandising Systems

Get Full PDF Research Report to Understand More @ https://www.databridgemarketresearch.com/checkout/buy/enterprise/global-vending-machine-market

Why should you prefer DBMR’s market insights report?

  • Detailed vendors report with competitive landscape

  • Data on revenue-generating market segments

  • Details on the market shares of various regions

  • Off-the-shelf research reports

  • Reports can be tailored to meet the customer’s needs

  • Trusted by more than 100 fortune 500 organizations

  • Information about the market’s key drivers, trends, and challenges

  • Parent market analysis

  • Five-force market analysis

Key Industry Segmentation: Vending Machine Market

  • On the basis of product, the vending machine industry is segmented into beverage, food, tobacco, and others.

  • On the basis of application, the vending machine market is segmented into retail sites, public transport hubs, offices and institutions, and others.

  • On the basis of payment mode, the vending machine market is bifurcated into cash and cashless.

Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively

  • This study offers the latest product news, trends, and updates from the industry’s leading players who have leveraged their market position.

  • It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.

  • In addition, it offers insights into the dynamics of customer behaviour that can help the organization better curate market strategies

  • Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers

  • Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot

  • The market research report includes all of the market’s valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges

  • The report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges

To Gain More Insights about this Research, Visit @ https://www.databridgemarketresearch.com/reports/global-vending-machine-market

Reasons for Considering this Report:

Data Bridge Market Research relies on industry-wide databases for both regional and global authentic data, which enables the team to decipher the precise trends and existing scenario in the market.

The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored in to ultimately get accurate results.

Analyst Support: Speak to our research analysts to solve any queries you may have before or after buying the report.

Analyst Support: Get you query resolved by speaking to our research analysts before and after purchasing the report.

Customer Satisfaction: Our team of research analysts will accommodate all your research needs and customize the report accordingly.

Long-standing experience: Our team of analysts will offer elaborate and accurate insights pertaining to the market.

This report supplies a forward-looking perspective on different driving factors or controlling the market gain.

This report assists to make wise business choices using whole insights of this market and also from creating a comprehensive evaluation of market sections.

Regional Analysis/Insights: Vending Machine Market

The countries covered in the vending machine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to be the most extensive geographical market over the determined period due to conditions, such as changing lifestyles and huge demand for comfort meals. On the contrary, Asia-Pacific (APAC) is considered to be the fastest-expanding sector in the period of 2022 to 2029. Japan is a particularly profitable nation in the regional market. Growing investment and corporate areas in Asia-Pacific (APAC) are also adding to the vending machine demand.

Table of Contents:

  1. Introduction

  2. Market Segmentation

  3. Executive Summary

  4. Premium Insights

  5. Global Vending Machine Market: Regulations

  6. Market Overview

  7. Global Vending Machine Market, By Product

  8. Global Vending Machine Market, By Application

  9. Global Vending Machine Market, By Payment Mode

  10. Global Vending Machine Market, By Region

  11. Global Vending Machine Market: Company Landscape

  12. SWOT Analyses

  13. Company Profile

  14. Questionnaires

  15. Related Reports

To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-vending-machine-market

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Refrigerated Vending Machine Market, By Retail Channel (Supermarket, Hypermarket), Application (Food Service, Food and Beverage Distribution, Food and Beverage Retail, Other), End-User (Food Processing Industry, Food Service Industry, Full Service Restaurant and Hotels, Quick Service Restaurants, Catering Services), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-refrigerated-vending-machine-market

Smart Vending Machine Market, By Type (Retail Vending Machine, Self Service, ATM), End Use Industry (Retail Industry, Entertainment and Hospitality, Medical, Transportation/Public Transport, Others), Product (Single Specialized Machines, Full-Line Machines), Technology (Саѕhlеѕѕ Ѕуѕtеmѕ, Теlеmеtrу Ѕуѕtеmѕ, Vоісе Rесоgnіtіоn), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-smart-vending-machine-market

Intelligent Vending Machines Market, By Product Dispensed (Salty and Savory Snacks, Bakery Products, Confectionery Products, Beverages, Others), Application (Retail Sites, Public Transport Hubs, Offices/Institutions), Installation Site (Offices, Retail Stores, Public Places, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-intelligent-vending-machines-market

Vending Kiosks Market, By Application (Offices, Commercial Places), Payment Mode (Cashless, Cash), Product (Beverage, Food, Tobacco, Others), Location (Indoor, Outdoor), Type (Bank Kiosks, Self-Service Kiosks, Vending Kiosks) https://www.databridgemarketresearch.com/reports/global-vending-kiosks-market

Women’s Activewear Market, By Product (Top, Bottom, Sweatpants, Shorts, Skirts, Yoga Pants and Leggings, Outwear, Jackets, Hoodies and Sweatshirts, Innerwear and Swimwear and Others), Fabric (Polyester, Nylon, Cotton, Neoprene, Polypropylene, Spandex and Others), Distribution Channel (Online and Offline), Price Range (Below $20, $20–$60, $40–$60, Above $60) https://www.databridgemarketresearch.com/reports/global-womens-activewear-market

Hemp Clothing Market, By Raw Product (Hemp Seeds, Hemp Fiber, Hemp Shivs and Stalks), Source (Conventional (Natural) Hemp Source, Organic Hemp Source), Application (Fabrics, Denim, Fine Textiles, Canvas Bags, Carpets, Geotextiles), Processing Technique (European Enzyme-Treated Fiber, Chinese Fiber, NRC Enzyme-Treated Fiber) https://www.databridgemarketresearch.com/reports/global-hemp-clothing-market

Knitwear Market, By Product Type (T-Shirts and Shirts, Sweaters and Jackets, Sweatshirts and Hoodies, Shorts and Trousers, Evening Dresses, Suits, Leggings), Material Type (Natural, Synthetic, Blended), Application (Outerwear, Innerwear, Sportswear, Others), Consumer Group (Men, Women, Kids), Distribution Channel (Online, Offline) https://www.databridgemarketresearch.com/reports/global-knitwear-market

Facial Cleanser Market, By Product Type (Foam-Type Cleanser, Solvent-Based Cleanser, No Foam Cleanser, Collagen Type Cleanser, Face Cream, Face Wash and Face Oil), Skin Type (Neutral Skin, Dry Skin, Oily Skin, Mixed Skin and Sensitive Skin), Type (Normal Type, Scrub Type and Efficacy Type), End-User (Personal and Commercial), Application (Skin Whitening, Moisturizing, Repair, Blackheads, Oiliness, Dryness, Anti-Aging and Dark Spots), Distribution Channel (Online Channel and Offline Channel), Usage (Male and Female), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) https://www.databridgemarketresearch.com/reports/global-facial-cleanser-market

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Luxury Handbag Market, By Type (Handbag, Backpack, Wallet, Others), Material (Cotton, Leather, Nylon, Synthetic), End-User (Men, Women, Unisex), Distribution Channel (Duty-Free Stores, Online Stores, Discount Stores, Hypermarkets, Specialty Stores) https://www.databridgemarketresearch.com/reports/global-luxury-handbag-market

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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 {1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} client satisfying rate.

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Zacks Industry Outlook Highlights BYD, BMW and XPeng

Zacks Industry Outlook Highlights BYD, BMW and XPeng

For Immediate Release

Chicago, IL – November 10, 2022 – Today, Zacks Equity Research discusses BYD Co. BYDDY, BMW AG BAMXF and XPeng Inc. XPEV.

Industry: Foreign Autos

Link: https://www.zacks.com/commentary/2015947/3-foreign-auto-stocks-to-ride-the-industrys-upbeat-mood

Rising vehicle prices and robust demand for electric vehicles (EVs) are major catalysts for the Zacks Automotive – Foreign industry. Near-term sales prospects in Europe and Japan still look dubious, given an uncertain macro-environment and inflationary pressure, which may induce consumers to put off discretionary expenses. However, China auto sales are finally gathering momentum. A slew of favorable automotive policies in the world’s largest car market is set to fuel sales.

The fact that manufacturers are successfully managing to pass the rising costs of production to consumers by charging high prices for vehicles is acting as a tailwind. Despite the supply chain chaos and cost headwinds, the industry’s prospects still look good enough now to place your bets on BYD Co., BMW AG and XPeng Inc.

Industry Overview

Companies in the Zacks Automotive – Foreign industry are involved in designing, manufacturing and selling vehicles, components as well as production systems. The foreign automotive industry is highly dependent on business cycles and economic conditions. China, Japan, Germany and India are some of the key foreign automotive manufacturing countries.

The widespread usage of technology is resulting in a fundamental restructuring of the market. Stricter emission and fuel-economy targets and ramp-up of charging infrastructure as well as supportive government policies are boosting sales of green vehicles. With almost all firms intensifying their electrification game, competition is getting tougher with each passing day. Foreign automakers are now actively engaged in the R&D of electric and autonomous vehicles, fuel efficiency along with low-emission technologies.

4 Key Trends

Vehicle Sales in China Start Picking Pace: Vehicle sales in China — the world’s largest auto market —rose 25.7{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} year over year to 2.61 million units in September. This marked the fourth straight month of increase on the back of the relaxation of COVID-induced curbs as well as stimulus packages offered by the government to revive the market. In the first nine months of 2022, sales increased 4.4{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} to 19.47 million units. Vehicle sales in China are expected to sustain their momentum in the fourth quarter, courtesy of favorable policies from the central government and local authorities.China Association of Automobile Manufacturers anticipates 2022 vehicle sales to be higher than last year’s levels.

European Market Not Out of Woods Yet: The European Union (EU) market auto sales finally returned to growth in August, snapping 13 straight months of decline. The new passenger car registrations continued to witness year-over-year increase in September but that was majorly driven by extreme chip shortage in the year-ago month.

Over the first nine months of 2022, the EU passenger car market contracted 9.9{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} to 6,784,090 units. While so far, the supply side of the market has remained constrained, the European Automobile Manufacturers’ Association (ACEA) now expects demand to take a hit going forward amid inflation and recessionary fears. Factoring in the headwinds, the agency now expects EU vehicle sales to edge down by 1{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} to 9.6 million units in 2022, withdrawing its earlier forecast of growth.

Japan Auto Market’s Uncertainty: While new vehicle sales in Japan witnessed year-over-year growth in September and October, total sales from January-October 2022 were down 7.4{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} year over year, per MarkLines Automotive Industry Portal. The near-term outlook for sales remains clouded, given inflation worries and an uncertain macro environment. Chip crisis and tight inventories are likely to keep the prices of cars elevated, which may further prompt consumers to put off discretionary expenses. Per Focus2Move, Japan’s auto sales are expected to decline 7.7{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} in 2022.

Soaring Popularity of Green Vehicles a Boon: Various cities and nations are pushing toward green energy amid heightening climate concerns. The European Commission is set to phase out new petrol and diesel cars by 2035. China intends to ban fossil fuel cars and sell only new energy vehicles by 2035. Japan will scrap the sale of gasoline-powered cars by the mid-2030s.

California will ban the sale of new ICE cars effective 2035 and ensure that 100{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of new car and truck sales are electric by 2035 and 2045, respectively. The acceleration of EV targets is offering opportunities to automakers. With consumers’ confidence in EVs rising fast, automakers are prioritizing their resources toward the sale of new energy vehicles, and sales of green vehicles are rocketing. 

Zacks Industry Rank Signals Optimism

The Zacks Automotive – Foreign industry is a 27-stock group within the broader Zacks Auto-Tires-Trucks sector. The industry currently carries a Zacks Industry Rank #96, which places it in the top 38{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of more than 250 Zacks industries.

The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates decent near-term prospects. Our research shows that the top 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of the Zacks-ranked industries outperform the bottom 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} by a factor of more than 2 to 1.

The industry’s positioning in the top 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of the Zacks-ranked industries is a result of a positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Since September, average earnings estimates for 2022 have inched up nearly 3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}.

Before we present a few stocks that investors can buy given their sturdy potential, let’s look at the industry’s recent stock market performance and current valuation.

Industry Lags S&P 500, Tops Sector

The Zacks Automotive – Foreign industry has outperformed the Auto, Tires and Truck sector but underperformed the Zacks S&P 500 composite over the past year. The industry has lost 39.1{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} compared with the S&P 500 and the sector’s decline of 20.4{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 42.6{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, respectively.

Industry’s Current Valuation

Since automotive companies are debt-laden, it makes sense to value them based on the EV/EBITDA (Enterprise Value/ Earnings before Interest Tax Depreciation and Amortization) ratio.

Based on trailing 12-month enterprise value to EBITDA (EV/EBITDA), the industry is currently trading at 7.04X compared with the S&P 500’s 11.28X and the sector’s 13X.

Over the past five years, the industry has traded as high as 10.59X, as low as 5.42X and at a median of 7.74X.

3 Promising Stocks

BYD: China-based BYD is principally engaged in the research, manufacture, and distribution of automobiles, secondary rechargeable batteries as well as mobile phone components. The company stands to benefit from robust demand for green vehicles and batteries in China. The firm’s rechargeable battery business provides lithium-ion and nickel batteries that are essential for the development of green vehicles.

The rising deliveries of Han and Tang models are driving BYD’s top line. Solid execution capabilities and expansion efforts outside China, particularly in the European market, will further fuel the stock. The company’s revenues have been growing rapidly and unlike other pure EV players based in China, BYD has been making profits for years.

BYD currently sports a Zacks Rank #1 (Strong Buy). The Zacks Consensus Estimate for 2022 earnings has been upwardly revised by 15 cents over the past seven days to $1.46 per share. The consensus mark for 2022 earnings and sales implies year-over-year growth of 342.4{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 77{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, respectively. You can see the complete list of today’s Zacks #1 Rank stocks here.

BMW AG: Germany-based BMW AG is one of the leading multi-brand automobile manufacturers that focuses on the premium segments of the worldwide automobile and motorcycle markets. BMW AG is taking great strides in electrification and expects EVs to account for 50{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} of its global sales by 2030. By 2025, the carmaker expects to sell more than two million all-electric vehicles. This year, BMW is putting as many as 15 EVs into production.

The auto biggie has pledged to invest around €30 billion toward e-mobility by 2025 end. It intends to build five gigafactories for electric car batteries through partnerships, strategically positioned globally at places where the auto biggie manufactures its EVs.

BMW AG currently sports a Zacks Rank #1. The Zacks Consensus Estimate for 2022 earnings has been upwardly revised by 35 cents over the past 30 days to $24.49 per share. The consensus mark for 2022 earnings and sales implies year-over-year growth of 10.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 4{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, respectively.

XPeng: This rising EV star of China is poised for speedy sales growth, thanks to the soaring popularity of the existing models, including G9, G3i and G3 SUVs as well as P7 and P5 sedans. In addition to vehicle sales, XPeng also generates revenues from after-sales services, and ride-hailing and supercharging services.

We expect XPeng’s commitment to innovation and continuous R&D spending to bolster its standing in the market and fortify its EV game. With the mission of bringing Smart EVs to the China auto market through continuous innovation in core vehicle systems, driverless technology and smart connectivity, this company is set to become a name to reckon with in the coming years.

XPeng currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for 2022 loss has been narrowed by 6 cents over the past seven days. The consensus mark for 2022 and 2023 sales implies year-over-year growth of 47{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} and 92{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, respectively.

Why Haven’t You Looked at Zacks’ Top Stocks?

Our 5 best-performing strategies have blown away the S&P’s impressive +28.8{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b} gain in 2021. Amazingly, they soared +40.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, +48.2{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, +67.6{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, +94.4{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}, and +95.3{1668a97e7bfe6d80c144078b89af180f360665b4ea188e6054b2f93f7302966b}. Today you can access their live picks without cost or obligation.

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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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