Welcome!

News Feed Item

Lazard, Full House Resorts, Life Technologies, Thermo Fisher Scientific and General Electric highlighted as Zacks Bull and Bear of the Day

CHICAGO, Jan. 20, 2014 /PRNewswire/ -- Zacks Equity Research highlights Lazard Ltd. (NYSE:LAZ-Free Report) as the Bull of the Day and Full House Resorts (Nasdaq:FLL-Free Report)as the Bear of the Day. In addition, Zacks Equity Research provides analysis onLife Technologies Corp. (Nasdaq:LIFE-Free Report), Thermo Fisher Scientific, Inc. (NYSE:TMO-Free Report) and General Electric Co. (NYSE:GE-Free Report).

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

Here is a synopsis of all five stocks:

Bull of the Day:

Investment Management and Financial Advisory industry is expected to report strong results for Q4 2013. Now may be a good time to consider a Zacks Rank # 1 (Strong Buy) from this top rated industry.

Lazard Ltd. (NYSE:LAZ-Free Report) is a leading global financial advisory and asset management firm with more than $175 billion in AUM. It operates from 40 cities across 26 countries in North America, Europe, Asia, Australia, Central and South America.

The firm provides advice on mergers and acquisitions (M&A), strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services.

Lazard reported it Q3 results on October 24, 2013. Adjusted earnings for the quarter came in at $0.46 per share, handily beating the Zacks Consensus Estimate of $0.35 per share and significantly up from $0.26 per share earned in the same quarter last year.

Excellent results were driven by strong top-line performance, thanks mainly to increase in financial advisory as well as asset management revenues.

Bear of the Day:

Full House Resorts (Nasdaq:FLL-Free Report) is a casino gaming company, incorporated in 1987. The company owns local casinos as well as manages casinos on behalf of Native American tribes and commercial clients. Currently FLL owns and/or manages five casinos in four states.

Declining estimates sent FLL back to a Zacks Rank # 5 (Strong Sell) earlier this month.

On November 9, 2012, FLL reported its third quarter results. Adjusted operating net income for the quarter were $0.5 million or $0.02 per share, compared to net income of $2.1 million or $0.11 per share in the prior-year period.

Earnings were substantially short of the Zacks Consensus Estimate of $0.06 per share. This was the second consecutive quarter of negative earnings surprise for FLL.

According to the management, increased competition and continuing slow economy resulted in a challenging environment.

Following disappointing results, analysts have cut their estimates for GGS. Zacks Consensus Estimates for the current year and the next year are currently $0.02 per share and $0.07 per share, down from $0.04 per share and $0.11 per share respectively, 60 days ago.

Additional content:

Thermo Fisher-Life Deal OK'd in China

Subsequent to the European Commission's (EC) conditional approval of the impending $13.6 billion (or $76 per share) acquisition of Life Technologies Corp. (Nasdaq:LIFE-Free Report), Thermo Fisher Scientific, Inc. (NYSE:TMO-Free Report) recently received the Chinese regulatory nod for the same. As per several recent reports including one from Reuters, China's Ministry of Commerce lately approved Thermo Fisher's acquisition of Life Technologies subject to certain conditions.

These conditions include divestment of TMO's cell culture and gene modulation business, price cuts on two of the company's products (SSP kits and SDS-PAGE protein standards) that are sold in China, and sale of Thermo Fisher's 51% stake in China's Lanzhou National Hyclone Bio-engineering Co Ltd.

We note that, some of these conditions are similar to those demanded by the EC which conditionally cleared the deal in November. Last week, to fulfill the conditions put forward by the EC, Thermo Fisher inked a deal to divest 3 of its business divisions to GE Healthcare, a unit of General Electric Co. (NYSE:GE-Free Report). Per the deal, GE Healthcare will buy Thermo Fisher's gene modulation, cell culture and magnetic beads businesses for about $1.06 billion

In addition, Thermo Fisher needs certain other additional regulatory go-aheads to close the LIFE takeover. This includes a clearance from the U.S. Federal Trade Commission (FTC). The company is currently working on completing this transaction by early 2014.

In Aug 2013, more than 98% of the shareholders of Life Technologies (representing more than 72% of the company's outstanding shares) had voted in favor of this merger agreement. Prior to that, on Apr 15, Thermo Fisher had disclosed its plans to acquire LIFE for roughly $13.6 billion plus the assumption of the latter's net debt ($2.2 billion as of year-end 2012).

The total purchase price includes cash and debt of $9.5–$10.0 billion and as much as $4.0 billion in equity. EC's support in this regard is considered to be a major positive and a big milestone for the deal to finally go through.

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 LAZ - FREE 
Get the full Report on FLL - FREE 
Get the full Report on LIFE - FREE 
Get the full Report on TMO - FREE 
Get the full Report on GE - 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
Join us at Cloud Expo June 6-8 to find out how to securely connect your cloud app to any cloud or on-premises data source – without complex firewall changes. More users are demanding access to on-premises data from their cloud applications. It’s no longer a “nice-to-have” but an important differentiator that drives competitive advantages. It’s the new “must have” in the hybrid era. Users want capabilities that give them a unified view of the data to get closer to customers and grow business. The...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Me...
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...
The current age of digital transformation means that IT organizations must adapt their toolset to cover all digital experiences, beyond just the end users’. Today’s businesses can no longer focus solely on the digital interactions they manage with employees or customers; they must now contend with non-traditional factors. Whether it's the power of brand to make or break a company, the need to monitor across all locations 24/7, or the ability to proactively resolve issues, companies must adapt to...
In this presentation, Striim CTO and founder Steve Wilkes will discuss practical strategies for counteracting fraud and cyberattacks by leveraging real-time streaming analytics. In his session at @ThingsExpo, Steve Wilkes, Founder and Chief Technology Officer at Striim, will provide a detailed look into leveraging streaming data management to correlate events in real time, and identify potential breaches across IoT and non-IoT systems throughout the enterprise. Strategies for processing massive ...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
SYS-CON Events announced today that Enzu will exhibit at SYS-CON's 21st Int\ernational Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their ...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists discussed...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...