For Immediate Release
Chicago, IL – August 13, 2009 – Zacks Equity Research highlights Cisco Systems (CSCO) as the Bull of the Day and Sunoco (SUN) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Nissan (NSANY), Ford Motor (F) and Daimler AG (DAI).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2676
Here is a synopsis of all five stocks:
Cisco Systems’ (CSCO) fourth quarter results were a significant improvement over prior quarters, with both revenue and earnings growing sequentially.
Of particular note is the growth in orders, which indicates a bottom for CSCO. Improving operating performance, solid financials, a sound restructuring policy and new growth initiatives are the drivers behind our Outperform rating.
However, we caution investors about the increasing competition, market share losses, complicated decision making process and integration risks.
Our Underperform recommendation on Sunoco (SUN) shares takes into account the bearish refining margin outlook. A growing supply overhang in the face of a recession-induced fall in global oil product demand has led to a squeeze in refiners profits.
Sunoco’s lack of geographic diversification and refining flexibility has also become a major liability, in our view. Weighed down by these factors, the company posted a second-quarter 2009 loss.
Overall, we see a fairly unfavorable macro backdrop for independent refiners like Sunoco. We believe this will cause its shares to underperform relative to the market as well as the sector in the coming quarters.
Latest Posts on the Zacks Analyst Blog:
Chevy Volt: Power Mileage
he Environmental Protection Agency (EPA) has not yet confirmed the GM’s claim regarding fuel efficiency. The EPA, which is under-equipped to measure the fuel efficiency of such advanced vehicles, is working with the Society of Automotive Engineers and state and federal officials to develop appropriate testing procedures.
Competition in the electric car market has grown stiff, with the automakers struggling hard to offer eyebrow-raising vehicles such as Volt. Tesla has a 224 mpg rated car Roadster with an expensive $100,000-plus price tag.
Recently, Nissan (NSANY) flaunted its 367 mpg rated but much affordable car Leaf, to be introduced late next year. Other automakers such as Ford Motor (F), Daimler AG (DAI) and Chrysler Group are also releasing plug-ins and electric cars that could be close competitors of Leaf, Roadster or Volt.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=5507.
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.
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