Zacks Bull and Bear of the Day Highlights: Logitech International, Affordable Residential, Ethan Allen and CNOOC.CHICAGO -- Zacks Equity Research highlights Logitech International S.A. (Nasdaq:LOGI LOGI Logitech Intl. (stock symbol) ) as the Bull of the Day and Affordable Residential (NYSE NYSE See: New York Stock Exchange :ARC) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ethan Allen (NYSE:ETH eth n. Variant of edh. ) and CNOOC CNOOC China National Offshore Oil Corporation (NYSE:CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. ). 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 Logitech International S.A. (Nasdaq:LOGI). LOGI is poised for a solid back-to-school selling season as it has expanded its PC audio and cordless offerings to cater to college students who use their PCs as their primary source of entertainment. Additionally, we continue to believe the company will take advantage of the booming MP3 market with new and innovative add-ons. We continue to rate shares of LOGI a buy, and have slightly upped our fiscal 2008 estimates, while maintaining our 2007 estimates and our target price of $25 over the next six months. We also expect to hear about several new, innovative products in the coming weeks as well. Bear of the Day: Our Bear of the Day recommendation is for Affordable Residential (NYSE:ARC). Operations did slightly improve in the 2nd quarter, and the company is now cash-flow positive. New Management has been able to cut expenses and streamline operations. Move outs have slightly subsided since last quarter and ARC was able to slightly increase rents on its home sites. Although, the company still pays no dividend, has high debt levels, and is in an industry will little pricing power Pricing Power An economic term referring to the effect that a change in a firm's product price has on the quantity demanded of that product. Pricing power ties in with the "Price Elasticity of Demand. . We don't see much upside in the next few quarters, and ARC will continue to struggle throughout the year. Analyst Blog: Late last month, Ethan Allen (NYSE:ETH) announced that sales started slowing this past July, and slowed further in August, which it believes is due to lower consumer confidence. We asked the company if the softening housing market is a factor, but Ethan Allen doesn't see a link. Consumer confidence is the key. We got the sense talking to Noun 1. talking to - a lengthy rebuke; "a good lecture was my father's idea of discipline"; "the teacher gave him a talking to" lecture, speech rebuke, reprehension, reprimand, reproof, reproval - an act or expression of criticism and censure; "he had to the company that things will improve. Of course, ETH faces fierce competition and higher commodity prices. In light of the recent news and the stock price decline, we are lowering our price target to $36, or 12x our fiscal year 2008 earnings per share estimate. CNOOC (NYSE:CEO) reported positive results for recent quarters, primarily due to high oil prices and increased production. The company continues to achieve steady growth in oil and gas production and reserves. Although there are concerns related to the volatility in global oil prices, higher operating costs operating costs npl → gastos mpl operacionales , and regulatory changes, we think that the company's current valuation does not fairly reflect its positive production growth profile and leverage to the Chinese natural gas market. Therefore, we maintain our Buy rating on the stock. 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. 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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