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
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor – all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Let’s face it, embracing new storage technologies, capabilities and upgrading to new hardware often adds complexity and increases costs. In his session at 18th Cloud Expo, Seth Oxenhorn, Vice President of Business Development & Alliances at FalconStor, discussed how a truly heterogeneous software-defined storage approach can add value to legacy platforms and heterogeneous environments. The result reduces complexity, significantly lowers cost, and provides IT organizations with improved efficienc...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
In his session at @DevOpsSummit at 19th Cloud Expo, Yoseph Reuveni, Director of Software Engineering at Jet.com, will discuss Jet.com's journey into containerizing Microsoft-based technologies like C# and F# into Docker. He will talk about lessons learned and challenges faced, the Mono framework tryout and how they deployed everything into Azure cloud. Yoseph Reuveni is a technology leader with unique experience developing and running high throughput (over 1M tps) distributed systems with extre...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We all know the latest numbers: Gartner, Inc. forecasts that 6.4 billion connected things will be in use worldwide in 2016, up 30 percent from last year, and will reach 20.8 billion by 2020. We're rapidly approaching a data production of 40 zettabytes a day – more than we can every physically store, and exabytes and yottabytes are just around the corner. For many that’s a good sign, as data has been proven to equal money – IF it’s ingested, integrated, and analyzed fast enough. Without real-ti...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation