Welcome!

News Feed Item

Kemper, Kosmos Energy, Companhia Energetica de Minas Gerais, Companhia Paranaense de Energia and CPFL Energia highlighted as Zacks Bull and Bear of the Day

CHICAGO, July 3, 2013 /PRNewswire/ -- Zacks Equity Research highlights Kemper Corporation (NYSE:KMPR-Free Report) as the Bull of the Day and Kosmos Energy Limited (NYSE:KOS-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis ontheCompanhia Energetica de Minas Gerais (NYSE:CIG-Free Report), Companhia Paranaense de Energia (NYSE:ELP-Free Report) and CPFL Energia S.A. (NYSE:CPL-Free Report).

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

Here is a synopsis of all five stocks:

Bull of the Day:

As a result of excellent quarterly performance and improved outlook for the industry, estimates for this insurer have been on the uptrend sending the company to Zacks rank #1 (Strong Buy).

Kemper Corporation (NYSE:KMPR-Free Report)is a diversified insurance holding company with subsidiaries that provide property & casualty, health and life insurance products to individuals and small businessesKemper serves its customers through a network of agents as well as directly. Kemper currently has more than $8 billion in assets.

On May 2, 2013, Kemper reported its Q1 2013 results. Net income for the quarter increased 29% from Q1 2012, to $0.72 per share. Results were substantially better than the Zacks Consensus Estimate of $0.53 per share, mainly as a result of rate increases, higher than planned retention and favorable reserve development.

As a result of strong results, Zacks consensus estimate for the quarter ended June 30 now stands at $0.36 per share up from $0.31 per share, 60 days ago. The estimate for the current year is also up to $2.01 per share from $1.75 per share earlier.

Bear of the Day:

Disappointing results and downbeat guidance have led to downward estimates revisions, sending Kosmos Energy to a Zacks Rank #5 (Strong Sell).

Headquartered in Hamilton, Bermuda, Kosmos Energy Limited (NYSE:KOS-Free Report) is an independent oil and gas exploration company focused on frontier and emerging areas along the Atlantic Margin. The company has production assets and other project developments offshore Ghana and exploration licenses offshore Ireland, Mauritania, Morocco and Suriname and offshore Cameroon.

On May 9, 2013, Kosmos reported it first quarter 2013 results. Net income for the quarter came in at $20 million or $0.05 per share, 3 cents short of the Zacks Consensus Estimate of $0.08 per share.

The management provided downbeat guidance for the second quarter. The company also announced a delay in implementation of a key project in Morocco.

Due to disappointing results and downbeat guidance, quarterly and annual estimates have been revised sharply downwards in the past few weeks by analysts.

Additional content:

CEMIG Downgraded to Underperform

We recently downgraded Companhia Energetica de Minas Gerais (NYSE:CIG-Free Report), also known as CEMIG, from Neutral to an Underperform recommendation.

Why the Downgrade?

Revival from the lows experienced due to the global crisis has spurred demand for a better infrastructure and modernized agricultural equipment. This in turn has made a few industries very lucrative, including the electricity industry.

Emerging countries are progressing well on the recovery path. Talking of Brazil, electricity demand in the country is on the rise, especially when it is gearing up to host two major sporting events in the coming years. The national agency has predicted a consumption hike of about 4.5% in the 2011-2021 timeframe. Government spending has been geared up to improve the infrastructure in the electricity industry.

Despite compelling long-term growth prospects, concerns surrounding Cemig have forced us to downgrade the stock. Rising cost of services and operating expenses, governmental interference and dependence on hydro sources for electricity pose serious threat to growth. In the first quarter 2013, expenses grew by 7% year over year and offset partially the revenue increase in the quarter.

Also, denomination of a portion of loans and financings in foreign currency raises risks of higher financial expenses in the event of devaluation of the Brazilian currency for Cemig.

The Zacks Consensus Estimate for Cemig is US$1.45 per ADR for year 2013 and US$1.33 per ADR for year 2014, representing a year-over-year decline of 40.8% and 8.1% in 2014, respectively.

Other Stocks to Consider:

Cemig currently has an $8.8 billion market capitalization. Other stocks to watch out for in the industry are Companhia Paranaense de Energia (NYSE:ELP-Free Report) and CPFL Energia S.A. (NYSE:CPL-Free Report), each with a Zacks Rank #1 (Strong Buy).

Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:

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, 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 to help investors know what stocks to buy and which to sell for the long-term.

Continuous analyst 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. Click here to subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on KMPR - FREE

Get the full Report on KOS - FREE

Get the full Report on CIG - FREE

Get the full Report on ELP - FREE

Get the full Report on CPL - FREE

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

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339

[email protected]

http://www.zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Due of the rise of Hadoop, many enterprises are now deploying their first small clusters of 10 to 20 servers. At this small scale, the complexity of operating the cluster looks and feels like general data center servers. It is not until the clusters scale, as they inevitably do, when the pain caused by the exponential complexity becomes apparent. We've seen this problem occur time and time again. In his session at Big Data Expo, Greg Bruno, Vice President of Engineering and co-founder of StackIQ...
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
FinTech is the sum of financial and technology, and it’s one of the fastest growing tech industries. Total global investments in FinTech almost reached $50 billion last year, but there is still a great deal of confusion over what it is and what it means – especially as it applies to retirement. Building financial startups is not simple, but with the right team, technology and an innovative approach it can be an extremely interesting domain to disrupt. FinTech heralds a financial revolution that...
SYS-CON Media announced today that @WebRTCSummit Blog, the largest WebRTC resource in the world, has been launched. @WebRTCSummit Blog offers top articles, news stories, and blog posts from the world's well-known experts and guarantees better exposure for its authors than any other publication. @WebRTCSummit Blog can be bookmarked ▸ Here @WebRTCSummit conference site can be bookmarked ▸ Here
In his session at DevOps Summit, Tapabrata Pal, Director of Enterprise Architecture at Capital One, will tell a story about how Capital One has embraced Agile and DevOps Security practices across the Enterprise – driven by Enterprise Architecture; bringing in Development, Operations and Information Security organizations together. Capital Ones DevOpsSec practice is based upon three "pillars" – Shift-Left, Automate Everything, Dashboard Everything. Within about three years, from 100% waterfall, C...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
SYS-CON Events announced today that Addteq will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Addteq is one of the top 10 Platinum Atlassian Experts who specialize in DevOps, custom and continuous integration, automation, plugin development, and consulting for midsize and global firms. Addteq firmly believes that automation is essential for successful software releases. Addteq centers its products an...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.