The Zacks Analyst Blog Highlights Tesla, Bank of America, Alibaba, Seneca Foods and Nathan’s Famous

The Zacks analyst projects non-interest income to rise 9.7% in 2024 and only 1.8% in 2025. Due to continued investments in the franchise, costs will remain high. We expect total non-interest expenses to rise 1.2% in 2024. While high funding costs are still a concern, the company’s net interest income (NII) will be positively impacted by rate cuts. We project NII to witness a CAGR of 3.3% by 2026.

The company plans to open financial centers in new and existing markets and improve digital capabilities. These will support the top line. We project total revenues to grow 3.1% in 2024.

(You can read the full research report on Bank of America here >>>)

Alibaba shares have gained +7.8% over the past year against the Zacks Internet – Commerce industry’s gain of +37.8%, with uncertainty about China’s economic outlook weighing on the stock. The company is benefiting from strong momentum across its international commerce retail business. Solid combined order growth in AIDC’s retail businesses and strength in AliExpress’ Choice are contributing well.

Growing international commerce wholesale business, thanks to strength in cross-border-related value-added services, is a tailwind. Expanding China’s wholesale commerce business remains a major positive. Robust local consumer services and Cainiao logistics services are further driving top-line growth.

Strength in Lazada, AliExpress and Trendyol is expected to continue benefiting Alibaba’s international business. However, rising expenses related to new initiatives are a concern. Macroeconomic uncertainties and unfavorable foreign exchange fluctuations remain risks.

(You can read the full research report on Alibaba here >>>)

Shares of Seneca Foods have outperformed the Zacks Food – Miscellaneous industry over the past year (+22.0% vs. -10.2%). This microcap company with market capitalization of $491.59 million demonstrates strong sales momentum with 3.4% growth in net sales for the first six months of fiscal 2025, driven by a 9.9% increase in case volumes (excluding co-pack).

Strategic inventory reductions and improved cash flow highlight financial discipline, while its diversified product mix, including brands like Libby’s and Green Giant, supports market leadership in packaged fruits and vegetables.

Despite these strengths, rising costs from weather impacts, higher LIFO charges, and a 46.3% decline in net earnings in second-quarter fiscal 2025 present significant profitability risks. For the first six months of fiscal 2025, gross margins fell to 11.7%. Increased interest expenses, competitive pressures, raw material volatility and customer concentration further underscore challenges in sustaining growth.

(You can read the full research report on Seneca Foods here >>>)

Nathan’s Famous shares have outperformed the Zacks Retail – Restaurants industry over the past year (+6.1% vs. +5.9%). This microcap company with market capitalization of $313.66 million has shown consistent growth, with second-quarter fiscal 2025 revenues up 6.1% year over year to $41.1 million and net income up 5.6% to $6 million.

The Branded Product Program grew 4.5% in the first half of fiscal 2025, driven by higher hot dog sales and pricing, while licensing royalties rose 12.1% in the first half of fiscal 2025, with Smithfield Foods contributing $20.6 million. Despite expanding its franchise network by 21 locations and the iconic brand and international footprint supporting long-term growth, challenges include declining franchise fees, high debt levels and cost pressures from rising beef prices and labor inflation.

Heavy reliance on Smithfield and variability in company-owned location performance underscore risks. Competitive pressures and regulatory uncertainties could further impact margins and growth.

(You can read the full research report on Nathan’s Famous here >>>)

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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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Bank of America Corporation (BAC) : Free Stock Analysis Report

Seneca Foods Corp. (SENEA) : Free Stock Analysis Report

Tesla, Inc. (TSLA) : Free Stock Analysis Report

Alibaba Group Holding Limited (BABA) : Free Stock Analysis Report

Nathan’s Famous, Inc. (NATH): Free Stock Analysis Report

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