For Immediate Release
Chicago, IL – October 27, 2009 – Zacks Equity Research highlights NTT DoCoMo (DCM) as the Bull of the Day and Embraer (ERJ) the Bear of the Day. In addition, Zacks Equity Research provides analysis on JP Morgan Chase (JPM), Fifth Third Bancorp (FITB) and U.S. Bancorp (USB).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2676
Here is a synopsis of all five stocks:
We maintain an outperform rating for NTT DoCoMo (DCM), the largest mobile service provider in Japan. The company currently maintains a leading 50% share of the Japanese wireless market.
DCM upgraded 98% of its total coverage area with 3G-HSDPA, while emerging 4G LTE networks are planned for deployment through 2010. DCM’s decisions to focus on mobile content, along with a renewed geographic expansion drive outside Japan are positive indicators.
Furthermore, the company is launching an innovative online money transfer service. We consider DCM as an attractive long-term investment opportunity.
We are downgrading our recommendation on Embraer (ERJ) from Neutral to Underperform. The international economic environment remains an issue, considering the company’s exposure to the U.S. and Europe.
Moreover, the company’s high concentration for some models, with primary focus on American airline companies, exposes it to considerable risks. However, lower oil prices compared to 2008 and the support of the Brazilian Government appear to be encouraging. We also remain optimistic about the strength in the company’s aircraft family.
Nevertheless, the considerable strain on the Brazilian airport infrastructure will certainly impact the company’s local sales.
Latest Posts on the Zacks Analyst Blog:
Bank Failures Pass 100 for the Year
In order to replenish the declining fund, the FDIC board recently proposed that the U.S. banks should pay fees for three years in advance. Also, the regulators are considering requesting the healthy banks to bail out the government as soon as it is necessary to replenish the deposit insurance fund, which has slipped to 0.22% of insured deposits, below the mandated minimum of 1.15%.
In the second quarter of 2009, the number of banks on the FDIC’s list of problem institutions grew to 416 from 305 in the first quarter. This is the highest since the savings and loan crisis in 1994. Bank failures have cost the FDIC’s fund that insures deposits an estimated $25 billion this year. Increasing loan losses on commercial real estate are expected to cause hundreds more bank failures in the next few years. The FDIC anticipates the bank failures to cost about $100 billion over the next four years.
The failure of Washington Mutual last year was the largest in U.S. history. It was acquired by JP Morgan Chase (JPM). Other major acquirers of failed institutions since 2008 include Fifth Third Bancorp (FITB) and U.S. Bancorp (USB).
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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