From Nasdaq: 2024-04-15 11:22:00

The Zacks Research Daily presents 16 new hand-picked research reports on major stocks like Microsoft, Novo Nordisk, and United Parcel Service. Microsoft’s strong performance is attributed to growth in Intelligent Cloud and Productivity and Business Processes sectors driven by Azure and Office 365. Novo Nordisk is benefiting from the success of its diabetes and obesity drugs. United Parcel Service faces challenges from high labor costs and weak demand, but shows promise with solid free cash flow and strategic agreements.

Microsoft has outperformed the Zacks Tech sector due to its lead in the AI race, with strong growth continuing in the Intelligent Cloud and Productivity and Business Processes categories.

Novo Nordisk’s shares have surpassed the Zacks Large Cap Pharmaceuticals industry thanks to the success of its diabetes and obesity drugs.

United Parcel shares have underperformed the Zacks Transportation industry, facing challenges from high labor costs and weak demand-induced volume issues.

Other noteworthy reports today include Merck & Co., Booking Holdings Inc., and Elevance Health, Inc. Director of Research Sheraz Mian has selected the top stocks to watch.



Read more at Nasdaq: Top Analyst Reports for Microsoft, Novo Nordisk & United Parcel