Zacks Bull and Bear of the Day Highlights: Linear Technology, Merck & Co., Inc., eBay and Genzyme Corporation.CHICAGO -- Zacks Equity Research highlights Linear Technology (Nasdaq:LLTC LLTC Liquid-Liquid Thermal Cycling ) as the Bull of the Day and Merck & Co., Inc. (NYSE NYSE See: New York Stock Exchange :MRK MRK Merck & Company (stock symbol) MRK Mayer-Rokitansky-Kuster (anomaly) MRK Manual Remote Keying ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on eBay (Nasdaq:EBAY) and Genzyme Corporation (Nasdaq:GENZ). 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 Linear Technology (Nasdaq:LLTC), a leading 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 analog and mixed signal semiconductors. March quarter results were in line with consensus expectations. Forward revenue guidance is for 5% sequential growth, with increased bookings and accelerating turns. We believe that there is above average potential to deliver results exceeding consensus expectations in the June quarter. Furthermore, the semiconductor industry has begun a new up-cycle, which should have a positive effect. We believe that valuation is cheap and that there is room for further share price appreciation. Consequently, we are maintaining our Buy rating on shares of LLTC. Bear of the Day: Our Bear of the Day is for Merck & Co., Inc. (NYSE:MRK). We continue to recommend investors sell Merck. We believe Merck's stock offers limited upside given the mounting legal liabilities facing the company. Sales of many key drugs are expected to decline by 2008. Likewise, Merck's drug pipeline will not be able to help the company deliver meaningful top-line growth until much later in the decade. We believe there are far better opportunities in the pharmaceutical and biotechnology sector. We would avoid the name through the summer given the dozen or so Vioxx trials expected to reach a verdict in the second quarter. Our $30 price target is based on 2006 multiple of 12.5x. Analyst Blog: eBay (Nasdaq:EBAY) delivered another solid report in the first quarter, but disappointed investors with its conservative outlook for the rest of 2006. We believe the stock's valuation looks attractive. We would take advantage of any weakness in the stock and use it as a buying opportunity. We continue to view eBay as a solid long-term holding thanks to its powerful business model and smart growth strategy, which should be able to continue generating impressive sales, earnings, and free cash flow. We maintain our Buy rating but reduce our target price from $50 to $47 to reflect our new GAAP-based 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. estimates. Genzyme Corporation (Nasdaq:GENZ) is a biotechnology company that focuses on developing and marketing therapeutic products as well as diagnostic products & services with an emphasis on genetic disorders The following is a list of genetic disorders and their origins. Beside most disorders is a code that indicates the type of fertilization and the chromosome involved.
adj. Causing a loss of strength or energy. Debilitating Weakening, or reducing the strength of. Mentioned in: Stress Reduction diseases. We are optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the strong growth of its key products particularly that of Thyrogen and Synvisc. Launch of Myozyme in 2006 will further support growth. Yet sales of the company's other key products, Cerezyme and Renagel are maturing. We believe this will restrict future margin expansion. Thus we rate the stock a 'Hold' with a price target of $67. 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. 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. 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As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros by going to http://at.zacks.com/?id=2650. Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. (a)The Zacks Performance Rank performance is the total return of equal weighted simulated portfolios consisting of those stocks with the indicated Zacks Rank net of fees. Results reflect the reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. of dividends and other earnings. Simulated results do not represent actual trading and may not reflect the impact that economic and market factors might have had on decision-making if an adviser were actually managing a client's money. (b)The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard & Poor's. The S&P 500 includes the reinvestment of all dividends, no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and represents the gross returns before management fees. 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 solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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