Read Larry Connors' blog – Short Term Trading Strategies
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579
Here are highlights from Thursday's Analyst Blog:
Cutera Suffers in Current Economy
Cutera Inc. (Nasdaq: CUTR | Quote | Chart | News | PowerRating) designs, manufactures and markets laser and light-based aesthetic applications. The company's third quarter results were well below management's guidance and the consensus estimates.
We are again disappointed with the quarter's revenue fall off and EPS missing our estimates on lower margin revenues increasing as a percentage of sales. Given the largely discretionary nature of the aesthetics laser business, we believe that the current global economic recession will continue to hurt CUTR's performance through 2009.
UBS Fairly Valued Near $18
We are maintaining our Hold on UBS AG (NYSE: UBS). In line with earnings guidance issued on October 16, UBS posted earnings from continuing operations of CHF297 million for the third quarter.
This reflected CHF1.5 billion in trading losses, a surge in loss provisions, and a CHF 913 million tax credit. In other news, UBS will set up a fund consisting of US$60 billion in illiquid assets to be owned by the Swiss National Bank (SNB). This will be funded with US$6 billion of equity provided by UBS and to be sold to the SNB for US$1, causing a US$6 billion loss in 2008's fourth quarter. In addition, the fourth quarter will witness a reversal of part of the CHF4.8 billion credit gain on own liabilities due to a narrowing of credit spreads on UBS's debt.
SOHU.com a Market Leader
We are maintaining our Buy rating on the shares of Sohu.com Inc. (Nasdaq: SOHU), a leading online brand in China. Third quarter numbers were in line with our estimates. The company reported total revenue of $120.7 million, GAAP earnings of $1.02 and Non-GAAP earnings of $1.08.
The tax rate was below our estimate, and we have adjusted future estimates upward to reflect a lower tax rate. We expect SOHU to hold its gain in revenue from the Olympics due to the rapid growth in Internet usage in China.
Telemar Now Oi ParticipaAAues
We are reiterating our Buy recommendation on the shares of Oi ParticipaAAues (NYSE: TNE). Although the company posted lower-than-expected results for the third quarter of 2008, the company's short-term outlook remains positive as it is less exposed to the current international crisis.
Additionally, the stock has a solid dividend yield and attractive valuation. The company also approved an extraordinary dividend, which is a step towards a merger with Brasil Telecom ParticipaAAues (NYSE: BRP). Moreover, the entry of TNE into Brazil's main market, Sao Paulo, is very encouraging for the wireless segment, as it will help a considerable increase in market share in the future.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=2649.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=2677
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE: Zacks.com
Zacks.com Mark Vickery Web Content Editor 312-265-9380 Visit: www.zacks.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
