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Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.
Here is a synopsis of all five stocks:
Bull of the Day:
Chunghwa Telecom (NYSE: CHT), the largest integrated telecom operator in Taiwan, declared first quarter 2009 financial results below our estimates. This was mainly due to an increase in employee bonus payouts and lower revenue as a result of weak economic conditions.
However, Chunghwa commands a significant market share in Taiwan for traditional voice and dial-up services, VoIP, IPTV and broadband. Aggressive rollout of fiber-to-the home and 3G network technologies, in our opinion, places the company ahead of the competition.
Bear of the Day:
Management at Central Garden & Pet Co. (Nasdaq: CENT | Quote | Chart | News | PowerRating) is addressing a difficult environment of weak retail sales, adverse weather and higher costs, which have affected the company's sales and profitability.
The benefits from the strategy of expanding the operating margin through a positive mix shift towards higher margin products and the optimization of the supply chain has taken hold in the second quarter of fiscal 2009. However, management continuously lowered both sales and earnings guidance throughout fiscal 2008, and sales were $15 million below expectations.
The shares of Central Garden & Pet are rated a Sell. This represents a 12 P/E multiple on trailing 12-month EPS.
Latest Posts on the Zacks Analyst Blog:
Unemployment Duration Stays Up
Long-term unemployment has skyrocketed. There are now 3.95 million Americans who have been out of work for more than half a year, up from 3.68 million in April and just 1.57 million a year ago. The next group down, those who have been out of work between 15 and 26 weeks, is also swelling rapidly -- rising to 3.054 million in May from 2.531 million in April and just 1.238 million a year ago.
If the long-term unemployed are people with mortgages, it is hard for me to see how they will continue to pay them. This means there is still more pain in the pipeline for firms closely tied to the mortgage industry like Fannie Mae (NYSE: FNM), Freddie Mac (NYSE: FRE | Quote | Chart | News | PowerRating) and the mortgage insurers like MGIC (NYSE: MTG). In the past, they might have been able to refinance their houses and tap the equity to have the cash to continue to pay the monthly mortgage bill (not a great long-term strategy, but it could tide you over). That option is now closed off as most people have very little equity left in their houses.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
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.
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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 Investment Research, Inc.
Mark Vickery 312-265-9380 Visit: www.zacks.com
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