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
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, 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.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, 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.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, 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.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, 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.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, 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.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...