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]





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 started a Master of Science in business analytics - that's the hot topic. We serve the business community around San Francisco so we educate the working professionals and this is where they all want to be," explained Judy Lee, Associate Professor and Department Chair at Golden Gate University, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Digital Transformation and Disruption, Amazon Style - What You Can Learn. Chris Kocher is a co-founder of Grey Heron, a management and strategic marketing consulting firm. He has 25+ years in both strategic and hands-on operating experience helping executives and investors build revenues and shareholder value. He has consulted with over 130 companies on innovating with new business models, product strategies and monetization. Chris has held management positions at HP and Symantec in addition to ...
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
Cloud-enabled transformation has evolved from cost saving measure to business innovation strategy -- one that combines the cloud with cognitive capabilities to drive market disruption. Learn how you can achieve the insight and agility you need to gain a competitive advantage. Industry-acclaimed CTO and cloud expert, Shankar Kalyana presents. Only the most exceptional IBMers are appointed with the rare distinction of IBM Fellow, the highest technical honor in the company. Shankar has also receive...
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities - ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Daniel Jones is CTO of EngineerBetter, helping enterprises deliver value faster. Previously he was an IT consultant, indie video games developer, head of web development in the finance sector, and an award-winning martial artist. Continuous Delivery makes it possible to exploit findings of cognitive psychology and neuroscience to increase the productivity and happiness of our teams.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
Predicting the future has never been more challenging - not because of the lack of data but because of the flood of ungoverned and risk laden information. Microsoft states that 2.5 exabytes of data are created every day. Expectations and reliance on data are being pushed to the limits, as demands around hybrid options continue to grow.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
As IoT continues to increase momentum, so does the associated risk. Secure Device Lifecycle Management (DLM) is ranked as one of the most important technology areas of IoT. Driving this trend is the realization that secure support for IoT devices provides companies the ability to deliver high-quality, reliable, secure offerings faster, create new revenue streams, and reduce support costs, all while building a competitive advantage in their markets. In this session, we will use customer use cases...
Evan Kirstel is an internationally recognized thought leader and social media influencer in IoT (#1 in 2017), Cloud, Data Security (2016), Health Tech (#9 in 2017), Digital Health (#6 in 2016), B2B Marketing (#5 in 2015), AI, Smart Home, Digital (2017), IIoT (#1 in 2017) and Telecom/Wireless/5G. His connections are a "Who's Who" in these technologies, He is in the top 10 most mentioned/re-tweeted by CMOs and CIOs (2016) and have been recently named 5th most influential B2B marketeer in the US. H...
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.