The Zacks Analyst Blog Highlights: Yahoo, Google, AMD, Intel and International Business Machines

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Apr 22, 2014, 09:30 ET

CHICAGO, April 22, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Yahoo (Nasdaq:YHOO-Free Report), Google (Nasdaq:GOOGL-Free Report), AMD (NYSE:AMD-Free Report), Intel (Nasdaq:INTC-Free Report) and International Business Machines (NYSE:IBM-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Monday's Analyst Blog:

Technology Stock Roundup

Earnings season started off well, with most technology companies reporting at or above expectations. Here are a few highlights.

Earnings Highlights

Yahoo (Nasdaq:YHOO-Free Report)and Google (Nasdaq:GOOGL-Free Report): Yahoo's results impressed investors, while Google's didn't. That doesn't of course mean that Yahoo is doing better than Google, but simply that expectations regarding Google are higher. Yahoo prices are also a response to Alibaba, which generated very strong growth in the last quarter. Yahoo stands to make a lot of money when Alibaba goes for its IPO later this year.

On the pricing front, Yahoo is seeing stronger increases than Google, which is winning in volumes. But growth rates alone are not good for comparing companies because actual prices and volumes are not mentioned by either. Going by absolute numbers, Yahoo's search business grew around 9% year on year, while Google's grew 19%. Google's earnings increased 6% from last year, while Yahoo's declined over 16%.

AMD (NYSE:AMD-Free Report)and Intel (Nasdaq:INTC-Free Report): Both Intel and AMD posted strong results, exceeding our expectations. But there is more room for upside in AMD at the moment because of several new and exciting products, as well as notable wins on all the gaming platforms. AMD has also made progress with foundry partners and its latest APUs should pick up some share in mobile.

Intel, of course, remains a power to reckon with given its dominant position in PCs and servers. But success in mobile remains elusive and delayed product launches could eat into its process lead and tell on its margins. In the meantime, Intel is working on share gains in mobile by subsidizing its products. An exciting area of growth remains the Internet of Things (IoT).

IBM: International Business Machines (NYSE:IBM-Free Report) posted earnings that met our expectations on revenue that again fell short. The hardware business continued to underperform and IBM also announced the sale of the server business to Lenovo. The offloading of low-margin and underperforming businesses as well as renewed focus on growth markets could help the company achieve its 2015 earnings target of $20 a share.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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