Zacks Analyst Blog Highlights: UBS, BlackRock, Electroglas, Amkor Technology and Broadcom.CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: UBS AG (NYSE NYSE See: New York Stock Exchange : UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System ), BlackRock (NYSE: BLK BLK Black BLK Blank BLK Block BLK Bulk BLK Blocked Shot (basketball) BLK Blocked Kick (football) BLK Blackpool, England, United Kingdom - Blackpool (Airport Code) ), Electroglas, Inc. (Nasdaq: EGLS EGLS Eastside German Language School (Issaquah, WA) ), Amkor Technology, Inc. (Nasdaq: AMKR AMKR Amkor Technology ) and Broadcom Corp. (Nasdaq: BRCM BRCM Broadcom Corporation (stock abbreviation, AMEX) BRCM Master Chief Boilermaker (USN rating) ). 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 Monday's Analyst Blog: UBS Slogs Through Credit Market We are maintaining our Hold on UBS AG (NYSE: UBS). The company posted a first quarter net loss of CHF CHF In currencies, this is the abbreviation for the Swiss Franc. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 11.6 billion, due to CHF19.5 billion in writedowns in its US real estate and related structured credit positions. To counter the effects of these writedowns on its capital base, UBS completed a CHF15.97 billion rights offering in June, significantly diluting existing shareholder interests. Positively, UBS continues to reduce its credit market risk positions, including the recent $15 billion sale of mortgage securities to a newly created distressed asset fund that will be managed by BlackRock (NYSE: BLK). Further writedowns and losses are likely given turmoil in the credit markets. UBS replaced its cash dividend with a 5% stock dividend. Full Value for Electroglas Semi Electroglas Inc. (Nasdaq: EGLS) is an original equipment manufacturer (OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and ) of wafer prober and wafer test handling systems. February top and bottom-line results were in-line with consensus estimates. While the long-term outlook in probers for EGLS is positive, the short-term cash burn is concerning. The firm recently signed new volume purchase agreements with Amkor Technology, Inc. (Nasdaq: AMKR) and Broadcom Corp. (Nasdaq: BRCM). The management has embarked on a new aggressive plan to lower breakeven to $14-$15 million (from $18-$19 million). We continue to rate shares of EGLS a Hold. Electroglas has launched several prober products, including a more competitive 300mm wafer prober system and a newly revised 200mm wafer prober with an upgrade option. The Sidewinder sidewinder, common name for a rattlesnake, Crotalus cerastes, found in the deserts of the SW United States. This 2-ft (60-cm), pale yellow and pink snake is named for its curious method of locomotion. product has been halted and the management changed accounting auditors in an effort to lower expenses. 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 Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. 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. 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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. |
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