Summary: Zacks Research highlights Tesla, Broadcom, Bank of America, and other major stocks. Analysts bullish on Tesla.

From Nasdaq: 2024-12-17 11:54:00

In today’s Zacks Research Daily, analysts highlight 16 major stocks including Tesla, Inc. (TSLA), Broadcom Inc. (AVGO), Bank of America Corporation (BAC), and micro-cap stock Flanigan’s Enterprises, Inc. (BDL). Tesla’s shares have outperformed the automotive industry with strong growth prospects driven by Energy Generation & Storage and AI advancements. Broadcom reported strong results with increased revenue from AI connectivity. Bank of America shows signs of solid IB business resurgence amid challenging macroeconomic conditions. Flanigan’s faces challenges with declining net income but maintains solid operating performance and revenue growth. Overall, analysts are bullish on Tesla and see potential for sustained growth.

Broadcom’s shares have outperformed the Electronics – Semiconductors industry with strong demand for networking products, particularly custom AI accelerators. Bank of America’s investment banking business is showing signs of resurgence, but fee income growth may be muted due to the challenging macroeconomic backdrop. Flanigan’s Enterprises, Inc. is facing challenges with declining net income and increasing operational costs, but reported resilient revenue growth and solid operating performance.

Other noteworthy reports include Stryker Corporation (SYK), Micron Technology, Inc. (MU), and CME Group Inc. (CME). Stryker’s diversified product portfolio and robust Mako total knee platform support global business growth. Micron benefits from AI spending and supply normalization driving memory chip demand. CME is set to grow on higher clearing and transaction fees, but escalating expenses remain a concern.

Featured reports also include Norwegian Cruise Line (NCLH), AvalonBay (AVB), Southwest Airlines (LUV), and Prestige Consumer (PBH). Norwegian Cruise Line is set to benefit from robust booking trends and fleet expansion. AvalonBay is likely to gain from healthy demand for residential units amid high home ownership costs. Southwest Airlines benefits from strong air-travel demand and cost-cutting initiatives. Prestige Consumer is focused on core strategies to enhance growth despite rising costs.



Read more at Nasdaq: Top Stock Reports for Tesla, Broadcom & Bank of America