Welcome!

News Feed Item

The Zacks Analyst Blog Highlights:Boeing, DDR, Wal-Mart Stores, Target and Bed Bath & Beyond

CHICAGO, Jan. 8, 2014 /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 the Boeing Company (NYSE:BA-Free Report), DDR Corp. (NYSE:DDR-Free Report), Wal-Mart Stores Inc. (NYSE:WMT-Free Report), Target Corp. (NYSE:TGT-Free Report) and Bed Bath & Beyond Inc. (Nasdaq:BBBY-Free Report).

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

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Tuesday's Analyst Blog:

Boeing Reports Strong 2013 Deliveries

International commercial aircraft manufacturer, The Boeing Company (NYSE:BA-Free Report) once again reported strong 2013 deliveries making it the world's biggest plane maker for the second straight year. The aerospace major reported record jet deliveries for 2013, beating its own projection, driven by strong commercial numbers. The heightened deliveries were also a function of an increased production rate.

Boeing's commercial delivery of 648 planes during 2013 accelerated 7.8% year over year thanks to robust 787 Dreamliner deliveries, which showed no slowing down even in the face of a series of technical glitches. The year-end figure is likely to beat deliveries of its main European rival Airbus, which has set a target of 620 deliveries in 2013. Airbus is scheduled to report its annual orders and deliveries on Jan 13.

Boeing dispatched a record number of 737 and 777 airplanes, representing growth of 6% and 18%, respectively, year over year. Notably, deliveries of the company's much talked about Dreamliner soared 41.3%. In 2013, the company booked 1,531 gross commercial orders, up 14% from the prior year aided by huge orders from the Dubai Airshow held in November.

During the fourth quarter, Boeing delivered 172 jets compared with 165 deliveries in the comparable period last year. During the quarter, the 737 model continued to be the pillar of Boeing's strength in the commercial airplane sector with deliveries of 110 airplanes, followed by its 777 and 787 models with 25 deliveries each. In the year-earlier period, the company delivered 105 units of the 737, 21 units of the 777 model and 23 units of 787.

Meanwhile, Boeing's deliveries in the defense and space business numbered 52 in the fourth quarter and 171 in 2013 compared with 35 in the fourth quarter of 2012 and 154 in 2012. In 2013, numbering among the total deliveries were 48 F/A-18E/F and EA-18G fighter jets, 44 Chinook helicopters, and 37 Apache helicopters. The company also delivered 14 units of F-15, 11 P-8, 10 C-17 and 7 Satellites.

DDR Provides 2014 Outlook, Hikes Dividend

DDR Corp. (NYSE:DDR-Free Report) has provided the outlook for 2014. The company is guiding for an operating FFO (funds from operations) per share of $1.17 to $1.21 in the year, which reflects an uptick of 5.4% to 9.0% over the midpoint of the latest 2013 outlook of $1.10 and $1.12 per share. The outlook is in line with the Zacks Consensus Estimate that stands at $1.20 for 2014.

Apart from this, DDR announced a 15% hike in its quarterly dividend rate to 15.5 cents. It will be paid on Apr 8, to shareholders of record as of the close of business on Mar 13.

This retail real estate investment trust (REIT), which accomplished $2.33 billion of prime shopping center acquisitions and $433 million of non-prime dispositions, now aims for a same-store net operating income growth of 2.5% to 3.5%, exclusive of significant redevelopment activity. Moreover, DDR guides for at least a 75 basis points increase in the year-end portfolio leased rate.

On the portfolio repositioning front, DDR plans to acquire $250 million of prime shopping centers as well as dispose $200 million of non-prime operating assets and $30 million of non-income producing assets in 2014. Furthermore, the company intends to take at least $100 million of development and redevelopment investment, mainly toward the second half of the year, with a projected cash-on-cost return of at least 10%.

Going forward, we believe that by leveraging on the favorable supply/demand fundamentals, strategic portfolio repositioning efforts and premium power centers, DDR can ride high on the growth trajectory. The company boasts a cluster of industry leading retailers such as Wal-Mart Stores Inc. (NYSE:WMT-Free Report), Target Corp. (NYSE:TGT-Free Report) and Bed Bath & Beyond Inc. (Nasdaq:BBBY-Free Report), which are well-capitalized retailers and are expected to help in providing a steady rental stream.

The past year remained quite favorable for the company and it leased more than 10 million square feet for the fifth consecutive year. Moreover, it increased the portfolio leased rate to 95.1%, reflecting the maximum level since 2008. Its full year same-store net operating income grew above 3% for the third consecutive year while the amount of unencumbered NOI increased by 17% since year-end 2012.

DDR also acquired the remaining 95% stake in 30 prime power centers from its existing joint venture with Blackstone Real Estate Partners VII for $1.46 billion. However, stiff competition from other players in the market and an elevation in Internet sales that adversely affect the demand for retail space remain our concerns.

DDR currently carries a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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.

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 BA - FREE

Get the full Report on DDR - FREE

Get the full Report on WMT - FREE

Get the full Report on TGT - FREE

Get the full Report on BBBY - 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

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
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
SYS-CON Events announced today that Daiya Industry will exhibit at the Japanese Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ruby Development Inc. builds new services in short period of time and provides a continuous support of those services based on Ruby on Rails. For more information, please visit https://github.com/RubyDevInc.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As businesses evolve, they need technology that is simple to help them succeed today and flexible enough to help them build for tomorrow. Chrome is fit for the workplace of the future — providing a secure, consistent user experience across a range of devices that can be used anywhere. In her session at 21st Cloud Expo, Vidya Nagarajan, a Senior Product Manager at Google, will take a look at various options as to how ChromeOS can be leveraged to interact with people on the devices, and formats th...
First generation hyperconverged solutions have taken the data center by storm, rapidly proliferating in pockets everywhere to provide further consolidation of floor space and workloads. These first generation solutions are not without challenges, however. In his session at 21st Cloud Expo, Wes Talbert, a Principal Architect and results-driven enterprise sales leader at NetApp, will discuss how the HCI solution of tomorrow will integrate with the public cloud to deliver a quality hybrid cloud e...
Is advanced scheduling in Kubernetes achievable? Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, will answer these questions and demonstrate techniques for implementing advanced scheduling. For example, using spot instances ...
SYS-CON Events announced today that Yuasa System will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Yuasa System is introducing a multi-purpose endurance testing system for flexible displays, OLED devices, flexible substrates, flat cables, and films in smartphones, wearables, automobiles, and healthcare.
SYS-CON Events announced today that Taica will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Taica manufacturers Alpha-GEL brand silicone components and materials, which maintain outstanding performance over a wide temperature range -40C to +200C. For more information, visit http://www.taica.co.jp/english/.
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busine...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
Organizations do not need a Big Data strategy; they need a business strategy that incorporates Big Data. Most organizations lack a road map for using Big Data to optimize key business processes, deliver a differentiated customer experience, or uncover new business opportunities. They do not understand what’s possible with respect to integrating Big Data into the business model.
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
Recently, REAN Cloud built a digital concierge for a North Carolina hospital that had observed that most patient call button questions were repetitive. In addition, the paper-based process used to measure patient health metrics was laborious, not in real-time and sometimes error-prone. In their session at 21st Cloud Expo, Sean Finnerty, Executive Director, Practice Lead, Health Care & Life Science at REAN Cloud, and Dr. S.P.T. Krishnan, Principal Architect at REAN Cloud, will discuss how they b...
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. As a result, many firms employ new business models that place enormous impor...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous a...