Zacks Bull and Bear of the Day Highlights: FormFactor, Infineon Tech, FirstEnergy and Gander Mountain.CHICAGO -- Zacks Equity Research highlights FormFactor, Inc. (Nasdaq: FORM) as the Bull of the Day and Infineon Tech (NYSE NYSE See: New York Stock Exchange : IFX IFX - ["Type Reconstruction with First-Class Polymorphic Values", J. O'Toole et al, SIGPLAN Notices 24(7):207-217 (Jul 1989)]. ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on FirstEnergy (NYSE: FE) and Gander Mountain Gander Mountain, headquartered in Saint Paul, Minnesota, is the nation’s largest retail network of stores for hunting, fishing, camping, marine and outdoor lifestyle products and services. (Nasdaq: GMTN GMTN Global Multi-Currency Notes ). Full analysis of all four stocks is available at http://at.zacks.com/?id=2676. Here is a synopsis of all four stocks: Bull of the Day: Our Bull of the Day recommendation is for FormFactor, Inc. (Nasdaq: FORM). FormFactor is the market leader in advanced wafer probe cards A probe card is an interface between an electronic test system and a semiconductor wafer. Its purpose is to provide an electrical path between the test system and the circuits on the wafer, thereby permitting the testing and validation of the circuits at the wafer level, usually used to test semiconductor wafers during the manufacturing process. The company has a very strong growth profile. June quarter revenue and EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. were above expectations. Bookings were down 6% sequentially, yet up 44% year over year. The company is no longer capacity constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. , and we expect margins to expand from here. The company's technology is leveraged towards leading edge 300mm and sub-110nm nodes, which are ramping quickly throughout the industry. We envision a strong second-half for FORM, and consequently are maintaining our Buy rating on FORM shares. Bear of the Day: Our Bear of the Day recommendation is for Infineon Tech (NYSE: IFX). Infineon reported another mixed quarter, with positive growth in its industrial and security groups, while its Automotive and COMs groups continue to be under pressure. Qimonda also reported solid results, and expects to continue to grow in excess of 10% as added production comes online in the quarter. The insolvency of BenQ Mobile's German subsidiary adds another setback to the COMs group, as the company continues to struggle with profitability. Our current estimates include Qimonda, and look better due to the strength of this segment, but until the company can turn around the declining earnings in its Automotive and COMs divisions, we continue to rate shares of IFX a Sell. Analyst Blog: Strong performance by its generation fleet, higher capital expenditures, and an increased dividend payout may make FirstEnergy (NYSE: FE) a compelling conservative growth story going forward. However, falling revenue from the competitive market, issues related to the company's SEC investigation, imposition of fines by the NRC NRC abbr. 1. National Research Council 2. Nuclear Regulatory Commission Noun 1. NRC - an independent federal agency created in 1974 to license and regulate nuclear power plants , and a declining customer base collectively continue to weigh adversely on the stock. Accordingly, we maintain a market-neutral Hold recommendation on FE common stock with a six-month target price of $60.50. Price appreciation to our near-term valuation target, coupled with the increased $0.45 per share quarterly cash dividend, which we view as secure, represents annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. total return potential of about 9.6%. We are transitioning coverage of Gander Mountain (Nasdaq: GMTN) from another analyst and we are upgrading the stock from Sell to Hold. Gander Mountain reported better-than-anticipated results for the third quarter with solid sales growth. Surprisingly, GMTN delivered comp-store sales growth of 7.4% -- its first positive comp in two years. The sales upside was due to strong demand for hunting related merchandise. Still, the company's profit margins were disappointing, and that prevents us from getting more positive on the stock. Our target price goes from $5.60 to $9.75, which is about 29 times our fiscal year 2007 EPS estimate. Get the full analysis of all four 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 In Business, the trading day is the time span that a particular stock exchange is open. For example, the New York Stock Exchange is, as of 2006, open from 09:30AM to 4:00PM. Trading days never take place on weekends. , the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets. 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