Welcome!

Eclipse Authors: Pat Romanski, Elizabeth White, Liz McMillan, David H Deans, JP Morgenthal

News Feed Item

Universal Display, AGCO, Intel, Apple and Google highlighted as Zacks Bull and Bear of the Day

CHICAGO, Aug. 12, 2014 /PRNewswire/ -- Zacks Equity Research highlights Universal Display Corp (Nasdaq:OLED-Free Report) as the Bull of the Day and AGCO Corp (NYSE:AGCO-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onIntel (Nasdaq:INTC-Free Report), Apple (Nasdaq:AAPL-Free Report) and Google (Nasdaq:GOOGL-Free Report).

Zacks Investment Research, Inc., www.zacks.com.

Here is a synopsis of all five stocks:

Bull of the Day:

Universal Display Corp (Nasdaq:OLED-Free Report) has beaten the Zacks Consensus Estimate in four of its last five earnings reports and recently reported strong guidance. Today, OLED is a Zacks Rank #2 (Buy), and it is the Bull of the Day.

Why a Zacks Rank #2 (Buy)

The Bull of the Day is not an article that is designed to show a stock that is going up the most on any one given day. It is about showing how the Zacks Rank works and the positive attributes that the highly ranked stocks have.

Normally we write about Zacks Rank #1 (Strong Buy) stocks for the Bull of the day, but I wanted to highlight a stock that I think has a number of positive catalysts that could drive the stock price higher.

Company Description

Universal Display Corporation is a leader in the research, development and commercialization of organic light emitting diode, or OLED, technologies and materials. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light, making them highly suitable for use in full-color displays and as lighting products. OLED displays are capturing a growing share of the flat panel display market.

Most Recent Quarter

OLED reported a strong 2Q14 beating the Zacks Consensus Estimate by $0.04 in posting a 10% positive earnings surprise. The company reported revenues of $64M when the street was calling for $62M in the quarter. The $2M top line beat translated into a 3.3% revenue surprise.

Tight In The Shorts?

I took a look at the short interest in this stock and was surprised to see at a great short squeeze candidate. On 5/30 the absolute number of shares sold short was at a high point over the last twelve months. 9.2M shares had been sold short as of that date, and with 680K shares in daily volume that meant the shorts needed 13.5 days to cover.

On 6/13 the reported number of shares sold short ticked down by 50K, but days to cover ballooned to 15.5.

The most recent data is from 7/15 and it shows there are 8.5M shares sold short with days to cover standing at a brisk 13.6. This implies that a even a small move up in the stock could produce a pretty large short squeeze.

Bear of the Day:

AGCO Corp (NYSE:AGCO-Free Report) may have beaten the Zacks Consensus Estimate in each of the last three quarters, but estimates have moved lower recently. AGCO a Zacks Rank #5 (Strong Sell), and it is the Bear of the Day.

Company Description

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers tractors and combines. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

Guiding Lower

The company guided lower on July 29 as they expected sales to be between $10.1B -$10.3B compared to the $10.34B estimate. At that time the company also noted that EPS for FY14 would be $5.00.

Recent Earnings Reports

The most recent report saw AGCO come in ahead of the Zacks Consensus Estimate. The company reported $1.77 vs. the $1.68 estimate fro a beat of $0.09 or 5.4% positive earnings surprise. The guidance, however, disappointed Wall Street and the stock sold off by 5.2% in the session following the release.

Additional content:

Technology Stock Roundup

A fake PR creates temporary tension at Intel (Nasdaq:INTC-Free Report) as Xiaomi takes the lead in China and Google's smartphone strategy takes shape.

Fake PR Says Intel to Close Israel Operations

A press release purported to have come from Intel's PR department said that Intel had decided to abandon/delay its Israel operations (in which it has invested $6 billion) because of the ongoing conflict with Gaza. Intel has since assured that both the release and claims weren't authentic, but someone seems to have gone to a lot of trouble to set up a false website and have a person "with an American accent" answering the PR contact number enlisted on the release.

Business Insider said that the person confirmed Intel's plans to close/postpone operations in Israel and WSJ reported that the said person who identified himself as Nick Veritas later agreed that the whole thing was a hoax intended to prove disconnect between what companies said and did "regarding corporate responsibility and human rights."

China Answers Samsung, Apple

As the smartphone war heats up in China, local players are sprouting up all over. But heading the list is Xiaomi, which initially made strides copying Apple (Nasdaq:AAPL-Free Report). But it's now a serious contender, with its 15 million Q2 units and strong growth rates giving it a leading 14% share of the Chinese smartphone market. Xiaomi uses a forked version of Android and also sells a few phones based on an internally developed OS. Strategy Analytics says that Xiaomi has jumped to the fifth largest global vendor on the basis of its growth in China and preliminary success in India.

Samsung has plenty to worry about: a separate report indicated that it also dropped to number two in India where local player Micromax took over the leading position. Apple continues to do well in the premium segment.

Google Cornering the Smartphone Market

There have been a few rumors that Google (Nasdaq:GOOGL-Free Report) is retiring its Nexus Line in favor of Android Silver, where it will retain more control over the OS, ensure faster updates and attract premium pricing. However, reports in the media have also said that these plans were shelved.

But Nexus may have already served its purpose because of the Google Play versions that have actually caught on very well. Contrary to what may have been believed, the closed OS (that was developed by the Open Handset Alliance, or OHA) is doing better than the open one (Android Open Source Project, or AOSA), according to a new report from ABI Research.

OHA now has a global market share of 65% compared to AOSA's 20%. The latter is however growing faster because of rapid adoption in Asia. For all practical purposes, Google is providing an entry-level OS and enabling migration to a more advanced one.

Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:

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 analyst 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. Click here to subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on OLED - FREE 
Get the full Report on AGCO - FREE 
Get the full Report on INTC - FREE 
Get the full Report on AAPL - FREE 
Get the full Report on GOOGL - FREE

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339*
[email protected]
http://www.zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
All in Mobile is a place where we continually maximize their impact by fostering understanding, empathy, insights, creativity and joy. They believe that a truly useful and desirable mobile app doesn't need the brightest idea or the most advanced technology. A great product begins with understanding people. It's easy to think that customers will love your app, but can you justify it? They make sure your final app is something that users truly want and need. The only way to do this is by ...
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...
DXWorldEXPO LLC announced today that Big Data Federation to Exhibit at the 22nd International CloudEXPO, colocated with DevOpsSUMMIT and DXWorldEXPO, November 12-13, 2018 in New York City. Big Data Federation, Inc. develops and applies artificial intelligence to predict financial and economic events that matter. The company uncovers patterns and precise drivers of performance and outcomes with the aid of machine-learning algorithms, big data, and fundamental analysis. Their products are deployed...
The challenges of aggregating data from consumer-oriented devices, such as wearable technologies and smart thermostats, are fairly well-understood. However, there are a new set of challenges for IoT devices that generate megabytes or gigabytes of data per second. Certainly, the infrastructure will have to change, as those volumes of data will likely overwhelm the available bandwidth for aggregating the data into a central repository. Ochandarena discusses a whole new way to think about your next...
CloudEXPO | DevOpsSUMMIT | DXWorldEXPO are the world's most influential, independent events where Cloud Computing was coined and where technology buyers and vendors meet to experience and discuss the big picture of Digital Transformation and all of the strategies, tactics, and tools they need to realize their goals. Sponsors of DXWorldEXPO | CloudEXPO benefit from unmatched branding, profile building and lead generation opportunities.
Cell networks have the advantage of long-range communications, reaching an estimated 90% of the world. But cell networks such as 2G, 3G and LTE consume lots of power and were designed for connecting people. They are not optimized for low- or battery-powered devices or for IoT applications with infrequently transmitted data. Cell IoT modules that support narrow-band IoT and 4G cell networks will enable cell connectivity, device management, and app enablement for low-power wide-area network IoT. B...
The hierarchical architecture that distributes "compute" within the network specially at the edge can enable new services by harnessing emerging technologies. But Edge-Compute comes at increased cost that needs to be managed and potentially augmented by creative architecture solutions as there will always a catching-up with the capacity demands. Processing power in smartphones has enhanced YoY and there is increasingly spare compute capacity that can be potentially pooled. Uber has successfully ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...