Zacks Investment Research – Mon Aug 18, 4:48PM CDT

Monday, August 18, 2025

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including IBM Corp. (IBM), The Goldman Sachs Group, Inc. (GS) and Thermo Fisher Scientific Inc. (TMO). These research reports have been hand‑picked from the roughly 70 reports published by our analyst team today. You can see all of today’s research reports here >>>

**Ahead of Wall Street**

The daily 'Ahead of Wall Street' article is a must‑read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning. You can read today's AWS here >>>**Retailers Start to Report Earnings This Week**

**Today's Featured Research Reports**

**IBM’s** shares have outperformed the Zacks Computer - Integrated Systems industry over the past year (+26.8% vs. +18.8%). The company reported strong second‑quarter 2025 results, with adjusted earnings and revenues beating the consensus estimate. It witnessed healthy demand trends for hybrid cloud and AI solutions, with a client‑focused portfolio and broad‑based growth. The acquisition of Hakkoda has strengthened its data expertise and augmented its capability to support clients’ AI transformation initiatives. IBM is collaborating with SAP to tap generative AI technology within the retail industry. The collaboration is likely to facilitate higher productivity and help accelerate business transformation in consumer‑packaged goods and retail firms. However, declining net sales in the Consulting segment, owing to soft demand in some end markets, are straining margins. Macroeconomic headwinds are worrisome. IBM’s acquisition spree has also escalated integration risks. (You can read the full research report on IBM here >>>)

Shares of **Goldman Sachs** have outperformed the Zacks Financial - Investment Bank industry over the past year (+47.3% vs. +42.8%). The company has beaten earnings estimates in the trailing four quarters. Its second‑quarter 2025 results benefited from solid growth in the Global Banking & Markets division. Goldman Sachs’ refocus on the core strengths of investment banking (IB) and trading businesses through restructuring, along with acquisitions and expansion in private equity credit, is expected to boost its global presence and diversify revenues. Post‑clearing the 2025 Fed stress test, it raised dividends. However, given the current geopolitical concerns, Goldman’s high dependence on overseas revenues is worrisome. Further, the company's rising expenses due to ongoing investments in technology are concerning. Yet its decent cash levels and solid credit profile will support its capital distribution plan. (You can read the full research report on Goldman Sachs here >>>)

**Thermo Fisher’s** shares have declined -5.8% over the year‑to‑date period against the Zacks Medical Instruments industry’s decline of -7.3%. The company is braving the ongoing tough economic conditions by leveraging GenAI as part of the PPI Business System, resulting in strong financial performance. Thermo Fisher’s growth strategy has been bolstered by several recent product launches, including Krios 5 Cryo‑TEM and Orbitrap MS systems, among others, in the second quarter. Strategic acquisitions like Solventum and Olink bode well. Thermo Fisher’s Bioproduction arm remains a key driver with new facilities and product lines. The Zacks analyst expect the company’s revenues to witness a 7.3% CAGR during fiscal 2025‑2027. Robust solvency further instills optimism about the stock. However, a volatile macroeconomic environment can dent its operations. Currency woes and fierce competitive pressure add to the worry. (You can read the full research report on Thermo Fisher here >>>)

Other noteworthy reports we are featuring today include Enbridge Inc. (ENB), Reddit, Inc. (RDDT) and TELUS Corp. (TU). Mark Vickery Senior Editor

_Note: Sheraz Mian heads the Zacks Equity Research department and is a well‑regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>_

**Today's Must Read**

IBM Rides on Portfolio Strength, Solid Cloud and AI Demand

Focus on Core Business, Decent Liquidity Aid Goldman (GS)

New Innovations, End Market Strength Aid Thermo Fisher (TMO)

**Featured Reports**

Reddit (RDDT) Rides on Growing User Engagement, AI Features

TELUS (TU) Gains from Strong Health Services Growth

RPM Benefits from MAP 2025 initiatives and acquisitions

HEPACO Buyout Benefits Clean Harbors (CLH), Competition High

RenaissanceRe (RNR) High Premiums, Solid Capital Stand Aid

Sirius XM (SIRI) Benefits from Steady ARPU, Lower User Loss

Amicus (FOLD) Banks on Galafold, Overdependence a Concern

**New Upgrades**

Enbridge (ENB) To Gain From Its Vast Transportation Network

RBC Bearings (RBC) Strength in Aerospace & Defense Unit Aids

Zions (ZION) High Rates, Loan Growth Likely to Aid Top Line

**New Downgrades**

Labor Shortage, Rising U.S. Tariffs May Hurt Embraer (ERJ)

NOV Inc. (NOV) Struggles with Aggressive Competitor Pricing

Hain Celestial (HAIN) Organic Sales Fall on Volume, Price

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The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report

TELUS Corporation (TU): Free Stock Analysis Report

International Business Machines Corporation (IBM): Free Stock Analysis Report

Thermo Fisher Scientific Inc. (TMO): Free Stock Analysis Report

Enbridge Inc (ENB): Free Stock Analysis Report

Reddit Inc. (RDDT): Free Stock Analysis Report

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Top Stock Reports for IBM, Goldman Sachs & Thermo Fisher

Zacks Investment Research highlights the latest research reports for IBM Corp., Goldman Sachs Group, Inc., and Thermo Fisher Scientific Inc., noting strong Q2 2025 earnings, AI‑driven product launches, and strategic acquisitions. The article also includes brief overviews of other featured stocks, a free AI‑wave report, and a list of free analysis links.