Zacks Bull and Bear of the Day Highlights: Natural Resource Partners, Altria Group, Sonus Networks and Kinross Gold.CHICAGO -- Zacks Equity Research highlights Natural Resource Partners (NYSE NYSE See: New York Stock Exchange : NRP (Network Resource Planning) The planning, scheduling and control of a computer network. It includes documentation writing and network diagramming, analyses of traffic and congestion, analyses of application behavior and demand, procedures for failsafe and disaster ) as the Bull of the Day and Altria Group “Philip Morris” redirects here. For the racecar driver, see Philip Morris (autoracer). Altria Group, Inc. (NYSE: MO) (previously named Philip Morris Companies Inc. (NYSE: MO) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Sonus Networks, Inc. (Nasdaq: SONS) and Kinross Gold Kinross Gold Corporation (TSX: K, NYSE: KGC) is a Canadian gold mining company. It is the seventh largest primary gold producer in the world.[1] See also
1. ^ Kinross Gold. (NYSE: KGC KGC Knights of the Golden Circle KGC Kids get Care KGC Kingscote, South Australia, Australia (Airport Code) KGC Known Good Cable ). 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 Natural Resource Partners (NYSE: NRP). We are adjusting our target price upward to $63.50 for NRP units based on the partnership's continued distribution growth prospects and on expectations of stable near-term coal pricing. Concerns over mild weather do not seem to have affected the company's royalty stream and its lessees, on average, were able to report higher realized coal pricing during the third quarter. Higher GP split levels will slow total growth going forward, but a continued strong acquisition environment and easy access to capital should allow NRP to produce steady distribution growth over the next several years. Bear of the Day: Our Bear of the Day recommendation is for Altria Group (NYSE: MO), the leading domestic tobacco company. The company generates significant cash flow and has a high dividend yield. However, the company is engaged in numerous tobacco liability suits. Several large punitive damage awards have been upheld by appellate courts, especially the $50 million judgment paid out in the Boeken case after the U.S. Supreme Court refused to hear the case. Also, the pending class action lawsuit class action lawsuit A lawsuit in which one party or a limited number of parties sue on behalf of a larger group to which the parties belong. For example, investors may bring a class action lawsuit against a brokerage firm that has actively promoted a tax by the light cigarettes smokers negatively impacted the stock. Potential negative litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. is expected in Canada. Finally, weak volumes in Germany and a price war in Spain remain concerns. Analyst Blog: Sonus Networks, Inc. (Nasdaq: SONS) has been a leader in the market for carrier-class Voice Over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) telephony. The company's early lead in the industry has helped it establish strong relationships with established carriers. However, the company faces significant competition from established equipment vendors, and the overhang Overhang Calculated as stock options granted, plus the remaining options to still be granted, and then divided by the total shares outstanding. Notes: A high percentage for the overhang is usually a bad thing. from the ongoing investigation of stock option issuance practices is likely to remain. Thus, we maintain our Hold recommendation for Sonus with a higher six-month target price of $8.00. Higher gold prices bode well for Kinross' (NYSE: KGC) top-line growth. The recent agreement to acquire Bema will provide Kinross with various synergies. KGC has received approval for a huge investment for the Paracatu mine expansion, which is expected to start in 2008. The various exploration and expansion activities undertaken enhance production levels. However, declining production levels at some of the existing operations and higher mining, energy and administrative overhead costs overhead costs see fixed costs. are likely to constrain margin expansion. Consequently, we reiterate our Hold recommendation on shares of KGC. 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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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 to buy or sell any security. |
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