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The Zacks Analyst Blog Verizon, Prologis, Medtronic and Crimson
PLDPrologis(PLD) ZACKS·2024-09-16 11:21

Group 1: Verizon Communications Inc. (VZ) - Verizon's shares have increased by +22.2% year-to-date, compared to the Zacks Wireless National industry's gain of +27.7% [2] - The company is expected to benefit from the deployment of a cloud-native, container-based, virtualized architecture, enhancing flexibility, scalability, and cost efficiency [2] - Customer-focused planning and steady infrastructure investments are positive factors, while lower wireline and wireless equipment revenues, high promotional expenses, and a muted guidance for 2024 are concerns [3] Group 2: Prologis, Inc. (PLD) - Prologis' shares have risen by +7.9% over the past year, against the Zacks REIT and Equity Trust - Other industry's gain of +25.7% [4] - Projected rental revenues for 2024 are expected to increase by 10.4% year-over-year, supported by a strong portfolio of strategically located industrial facilities [4] - However, high interest rates and a volatile environment may affect net absorptions, with a projected 12.2% year-over-year rise in interest expenses for 2024 [5] Group 3: Medtronic plc (MDT) - Medtronic's shares have gained +13.6% over the past year, compared to the Zacks Medical - Products industry's gain of +20.2% [6] - The company is expanding its global presence to meet the demand for advanced medical devices, particularly in the Cardiovascular segment [6][7] - Innovations and market expansion efforts are helping Medtronic offset inflation and supply disruptions, supported by a strong liquidity position [7] Group 4: Crimson Wine Group, Ltd. (CWGL) - Crimson Wine's shares have outperformed the Zacks Beverages - Alcohol industry year-to-date, with a gain of +0.9% compared to -6.2% [8] - The company has a market capitalization of $123.36 million and a robust balance sheet with $16.86 million in cash and low debt [8] - However, risks include declining sales in wholesale and direct-to-consumer channels, rising operating expenses, and exposure to climate risks [9]