Click here to close now.




















Welcome!

News Feed Item

The Zacks Analyst Blog Highlights: Qualcomm, Intel, Texas Instruments, Broadcom and General Mills

CHICAGO, Feb. 11, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Qualcomm Inc. (Nasdaq:QCOM), Intel Corp. (Nasdaq:INTC), Texas Instruments Inc. (Nasdaq:TXN), Broadcom Corp. (Nasdaq:BRCM) and General Mills, Inc. (NYSE:GIS).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Friday's Analyst Blog:

Qualcomm Upgraded to Outperform

On Feb 6, we upgraded our recommendation on Qualcomm Inc. (Nasdaq:QCOM) to Outperform based on the company's fourth quarter of 2012 financial results, which significantly outpaced the Zacks Consensus Estimates.

Why the Upgrade

Qualcomm has firmly established its leadership position in the high-end smartphone segment. The company is the major beneficiary to the significant growth of 3G wireless technologies and smartphones in the emerging markets, particularly in China.

The next-generation super-fast 4G Long Term Evolution (LTE) technology has also boosted Qualcomm. We believe the long-term fundamentals of the company are very much intriguing given the increasing demand for LTE-enabled mobile handsets in the U.S., Japan, and South Korea. Qualcomm currently has a Zacks Rank #2 (Buy).

Other Positives

Qualcomm currently has more than 225 royalty bearing licensees throughout the world. Additionally, the company has over 40 single-mode OFDMA licensees. The demand for dual-core MSM8960/Krait tripled sequentially in the reported quarter. At present, more than 450 Snapdragon-based devices are in the pipeline and over 100 devices are based on the company's Reference Design solutions.

Qualcomm has announced its next-generation processors called Snapdragon 600 and 800. These chipsets will provide 40-75% increased performance over the S4 Pro series and are the first chips operating on TSMC 28nm technology. Snapdragon 600 will have Quad Core Krait 300 CPU running up to 1.9 GHz and Adreno 320 GPU. Snapdragon 800 will include Quad Core Krait 400 CPU running up to 2.3 GHz and Adreno 330 GPU. These LTE-enabled chipsets will also have integrated 802.11 ac Wi-Fi connections. 

Management raised its previous outlook for fiscal 2013 primarily due to growing adoption of 4G LTE networks in North America, rapid transition from 2G to 3G in China and India, and increasing licensing revenue. The company is quite confident that it will be able to retain its current pace of revenue and earnings growth for at least the next five years.

Other Stocks to Consider

Other stocks to consider in the semiconductor industry are Intel Corp. (Nasdaq:INTC), Texas Instruments Inc. (Nasdaq:TXN) and Broadcom Corp. (Nasdaq:BRCM). All these three companies handily beat the Zacks Consensus Estimates in most recent quarter and these three stocks currently have a Zacks Rank #3 (Hold).

 

General Mills Hits 52-Week High

General Mills, Inc. (NYSE:GIS), a producer of branded consumer food recently reached a 52-week high of $42.61 on Feb 7, 2013, on the back of strong second quarter results.  

Growth Drivers

General Mills' strong market share position in some leading food categories, its growing international presence, strategic acquisitions and focus on innovation and brand support, along with the cost saving efforts are the drivers of the stock.

The company reported a strong second quarter fiscal 2013, beating Zacks Consensus Estimates by 8.9%, on the back of recent acquisitions, better-than-expected sales and profits in the U.S. retail business and lower interest expenses and favorable taxes.

Revenues mostly benefited from acquisitions, mainly the purchase of Brazilian food maker Yoki Alimentos (in August 2012) and Yoplait Canada. The company has outpaced earnings estimates in three out of the last four quarters.
 
The company upped its fiscal 2013 adjusted earnings guidance to a range of $2.65–$2.67 from prior expectations of approximately $2.65 a share. Both sales and operating profits are expected to increase in the mid-single digit range.

Importantly, however, the guidance now includes the benefits from the Yoki and Yoplait Canada acquisitions, which were previously excluded from the outlook. The U.S. retail business is expected to deliver low single-digit sales growth while operating profit is expected to grow faster than sales.

 

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis 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. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT 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 at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

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.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com

 

 

 

 

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We have been in business for 21 years and have been building many enterprise solutions, all IT plumbing - server, storage, interconnects," stated Alex Gorbachev, President of Intelligent Systems Services, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
With SaaS use rampant across organizations, how can IT departments track company data and maintain security? More and more departments are commissioning their own solutions and bypassing IT. A cloud environment is amorphous and powerful, allowing you to set up solutions for all of your user needs: document sharing and collaboration, mobile access, e-mail, even industry-specific applications. In his session at 16th Cloud Expo, Shawn Mills, President and a founder of Green House Data, discussed h...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
"We specialize in testing. DevOps is all about continuous delivery and accelerating the delivery pipeline and there is no continuous delivery without testing," noted Marc Hornbeek, Sr. Solutions Architect at Spirent Communications, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
How do you securely enable access to your applications in AWS without exposing any attack surfaces? The answer is usually very complicated because application environments morph over time in response to growing requirements from your employee base, your partners and your customers. In his session at @DevOpsSummit, Haseeb Budhani, CEO and Co-founder of Soha, shared five common approaches that DevOps teams follow to secure access to applications deployed in AWS, Azure, etc., and the friction an...
"Alert Logic is a managed security service provider that basically deploys technologies, but we support those technologies with the people and process behind it," stated Stephen Coty, Chief Security Evangelist at Alert Logic, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to tran...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
The Internet of Things is not only adding billions of sensors and billions of terabytes to the Internet. It is also forcing a fundamental change in the way we envision Information Technology. For the first time, more data is being created by devices at the edge of the Internet rather than from centralized systems. What does this mean for today's IT professional? In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists addressed this very serious issue of pro...