Zacks Bull and Bear of the Day Highlights: Intevac, Onyx Pharmaceuticals, EOG Resources and UAL Corporation.

CHICAGO -- Zacks Equity Research highlights Intevac, Inc. (Nasdaq: IVAC) as the Bull of the Day and Onyx Pharmaceuticals (Nasdaq: ONXX) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on EOG Resources (NYSE: EOG) and UAL Corporation (Nasdaq: UAUA). 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 Intevac, Inc. (Nasdaq: IVAC), which dominates the market for thin-film disk sputtering equipment. The transition to perpendicular recording and a shortage of media bode well for the company s next-generation 200 Lean thin-disk sputtering equipment. Although the strong first half of 2006 lowers guidance for the second half of the year by default, we believe management is being conservative as Intevac has already booked enough orders to meet its 2006 guidance. We therefore expect guidance for the full year to increase and maintain a Buy rating on IVAC and lower our six-month target price to $30.00.

Bear of the Day:

Our Bear of the Day recommendation is for Onyx Pharmaceuticals (Nasdaq: ONXX), engaged in the development of novel cancer therapies that target the molecular basis of cancer. We are cautious on the future for oncology drug Nexavar (sorafenib). Unfortunately, Nexavar has entered a highly competitive market and data on Pfizer's Sutent at ASCO outshined that of Nexavar. We believe Nexavar sales will continue to grow over the next several years, but fail to achieve meaningful penetration unless additional clinical trials demonstrate utility in other indications. We would avoid the name despite the significant stock decline already. Our target is $12.

Analyst Blog:

EOG Resources' (NYSE: EOG) second-quarter 2006 earnings came in better than expected last week, primarily driven by increased natural gas volumes and higher realized crude prices, which more than offset weaker natural gas prices. We continue to expect strong discretionary cash flows in 2006 and 2007 fueled by 10%-11% production growth. A particular strong point is across-the-board production growth, not just in the high-profile Texas Barnett Shale play.

We are raising our recommendation on UAL Corporation (Nasdaq: UAUA, or United) to Hold from Sell, but maintaining our target price at $25. UAL posted a very strong second quarter, with diluted EPS of $1.09 more than double our estimate. This primarily reflected better-than-expected revenue gains on strong demand and yield improvements that more than offset a 31% jump in fuel costs. As a result, we are raising our revenue and EPS estimates. Our estimates also reflect an additional $400 million in cost take-outs for 2007. Our revised EPS estimates are a loss of $0.25 (up from a loss of $2.63) for 2006 and earnings of $3.60 per share (up from earnings of $2.78 per share) for 2007. UAL pays no common dividend.

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.

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