|By PR Newswire||
|March 20, 2014 09:30 AM EDT||
CHICAGO, March 20, 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 Philip Morris International Inc. (NYSE:PM-Free Report), Reynolds American Inc. (NYSE:RAI-Free Report), British American Tobacco plc. (AMEX:BTI-Free Report), Altria Group Inc. (NYSE:MO-Free Report) and Kirkland's Inc. (Nasdaq:KIRK-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday's Analyst Blog:
EU Council Supports Tobacco Directive
The tobacco industry has been facing the brunt of worldwide anti-tobacco campaigns which are prompting governments to impose restrictions on the sale of tobacco products. The industry was hit hard again when 'The New Tobacco Products Directive' endorsed by the European Parliament in Feb 2014 received a green signal from the Council of European Union (EU) on March 14, 2014.
The Directive is a revised version of the original Tobacco Products Directive issued in 2001. The revision was made in order to make tobacco products less attractive to young smokers in the region. The new directive imposes stricter rules on the sale of tobacco products in the EU region.
The new rule bans the sale of flavored cigarettes and roll-your-own-tobacco in EU regions. However, member states have the option to exempt products like 'Other Tobacco Products' like cigars and cigarillos from the ban.
Moreover, the directive requires the tobacco companies to include both pictorial and text warnings on the cigarette packs to dissuade smokers. The law also requires the warning to cover more than 65% of both the front and back covers. The new rule also bans any misleading labeling containing words like 'natural' and 'organic' on the packages.
Member states have also been allowed the authority to ban online sales of tobacco products in their respective regions.
Moreover, the new rule states that e-cigarettes, with nicotine strength of more than 20 milligrams per milliliter, would need authorization as a medicine. Furthermore, curative or preventive qualities of these products need to be proved. E-cigarettes below this level will face the same regulations as conventional tobacco products if their usage as a medicinal product cannot be proved.
The Directive is expected to be enforced in May, 20 days after its publication in the Official Journal of EU. Member states are required to incorporate the new directive into their national laws within two years and apply them from the end of the period.
These rules will pose a problem for the tobacco majors like Philip Morris International Inc. (NYSE:PM-Free Report), Reynolds American Inc. (NYSE:RAI-Free Report), British American Tobacco plc. (AMEX:BTI-Free Report) and Altria Group Inc. (NYSE:MO-Free Report). The worldwide anti-smoking campaigns are increasingly forcing these companies to rely on packaging to build brand loyalty and grab consumer attention, especially after the government curbed advertising in magazines, billboards and TV. These efforts may fall apart once the above mentioned stricter regulations come into force.
Philip Morris, which carries a Zacks Rank #4 (Sell), opines that the new rule will disrupt the tobacco market and encourage illicit trade.
Kirkland's Downgraded to Strong Sell
Zacks Investment Research downgraded Kirkland's Inc. (Nasdaq:KIRK-Free Report) to a Zacks Rank #5 (Strong Sell) on March 19 following disappointing fourth-quarter and fiscal 2013 earnings results last week.
Why the Downgrade?
Kirkland's witnessed sharp downward estimate revisions since it reported disappointing fourth-quarter 2013 results.
On March 14, Kirkland's reported fourth-quarter earningsof 69 cents per share down 15.9% from 82 cents in the prior-year quarter. The decline was caused by soft sales resulting from bad weather during the holiday season.
Earnings beat the Zacks Consensus Estimate of 67 cents per share by 2.9% and slightly surpassed management's guidance of 66 to 68 cents, which was lowered from previous guidance of 77 to 82 cents as announced on the preliminary results in Feb 2014 due to soft preliminary results.
Net sales declined 4.2% to $156.1 million compared with $162.9 million in the fourth quarter of fiscal 2013. Sales fell short of management's expected range of $159–$162 million. Although the company witnessed a strong start to the quarter with solid November and record Black Friday sales, rough weather and declines in comps during December and January offset the initial gains. Sales missed the Zacks Consensus Estimate of $157.0 million by 5.7%.
Same-store sales remained flat year over year but fell short of management's guidance of a comp growth of 2% to 4% announced during the third-quarter earnings conference call.
Almost all the estimates were revised downward following weak results for fiscal 2013. Further, we do not expect any improvement in the situation in the upcoming quarter as there is a consistent slowdown in the home building sector which will indirectly affect the company's top line.
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.
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.
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.
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.
SYS-CON Events announced today that WHOA.com, an ISO 27001 Certified secure cloud computing company, participated as “Bronze Sponsor” of SYS-CON's 16th International Cloud Expo® New York, which took place June 9-11, 2015, at the Javits Center in New York City, NY. WHOA.com is a leader in next-generation, ISO 27001 Certified secure cloud solutions. WHOA.com offers a comprehensive portfolio of best-in-class cloud services for business including Infrastructure as a Service (IaaS), Secure Cloud Desk...
Jul. 7, 2015 08:00 AM EDT Reads: 1,198
Containers are revolutionizing the way we deploy and maintain our infrastructures, but monitoring and troubleshooting in a containerized environment can still be painful and impractical. Understanding even basic resource usage is difficult – let alone tracking network connections or malicious activity. In his session at DevOps Summit, Gianluca Borello, Sr. Software Engineer at Sysdig, will cover the current state of the art for container monitoring and visibility, including pros / cons and liv...
Jul. 7, 2015 07:30 AM EDT Reads: 2,013
Today air travel is a minefield of delays, hassles and customer disappointment. Airlines struggle to revitalize the experience. GE and M2Mi will demonstrate practical examples of how IoT solutions are helping airlines bring back personalization, reduce trip time and improve reliability. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Dr. Sarah Cooper, M2Mi’s VP Business Development and Engineering, will explore the IoT cloud-based platform technologies drivi...
Jul. 7, 2015 07:15 AM EDT Reads: 1,868
DevOps tends to focus on the relationship between Dev and Ops, putting an emphasis on the ops and application infrastructure. But that’s changing with microservices architectures. In her session at DevOps Summit, Lori MacVittie, Evangelist for F5 Networks, will focus on how microservices are changing the underlying architectures needed to scale, secure and deliver applications based on highly distributed (micro) services and why that means an expansion into “the network” for DevOps.
Jul. 7, 2015 07:00 AM EDT Reads: 3,069
"The idea of polyglot persistence is you have to apply the right database for the job - you always have to have many different databases in play. We offer that whole system as a service," explained Raj Singh, Developer Advocate for IBM Cloud Data Services, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 7, 2015 07:00 AM EDT Reads: 1,060
17th Cloud Expo, taking place Nov 3-5, 2015, 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. Meanwhile, 94% of enterprises ar...
Jul. 7, 2015 07:00 AM EDT Reads: 1,813
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th 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 wait for long development...
Jul. 7, 2015 06:45 AM EDT Reads: 1,965
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
Jul. 7, 2015 06:45 AM EDT Reads: 2,375
While DevOps most critically and famously fosters collaboration, communication, and integration through cultural change, culture is more of an output than an input. In order to actively drive cultural evolution, organizations must make substantial organizational and process changes, and adopt new technologies, to encourage a DevOps culture. Moderated by Andi Mann, panelists discussed how to balance these three pillars of DevOps, where to focus attention (and resources), where organizations migh...
Jul. 7, 2015 04:00 AM EDT Reads: 2,529
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and Containers together help companies to achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of...
Jul. 7, 2015 03:45 AM EDT Reads: 2,870
The enterprise market will drive IoT device adoption over the next five years. In his session at @ThingsExpo, John Greenough, an analyst at BI Intelligence, division of Business Insider, analyzed how companies will adopt IoT products and the associated cost of adopting those products. John Greenough is the lead analyst covering the Internet of Things for BI Intelligence- Business Insider’s paid research service. Numerous IoT companies have cited his analysis of the IoT. Prior to joining BI In...
Jul. 7, 2015 02:00 AM EDT Reads: 1,327
"ciqada is a combined platform of hardware modules and server products that lets people take their existing devices or new devices and lets them be accessible over the Internet for their users," noted Geoff Engelstein of ciqada, a division of Mars International, in this SYS-CON.tv interview at @ThingsExpo, held June 9-11, 2015, at the Javits Center in New York City.
Jul. 7, 2015 01:15 AM EDT Reads: 979
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
Jul. 6, 2015 11:00 PM EDT Reads: 1,950
Live Webinar with 451 Research Analyst Peter Christy. Join us on Wednesday July 22, 2015, at 10 am PT / 1 pm ET In a world where users are on the Internet and the applications are in the cloud, how do you maintain your historic SLA with your users? Peter Christy, Research Director, Networks at 451 Research, will discuss this new network paradigm, one in which there is no LAN and no WAN, and discuss what users and network administrators gain and give up when migrating to the agile world of clo...
Jul. 6, 2015 07:45 PM EDT Reads: 1,655
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
Jul. 6, 2015 07:00 PM EDT Reads: 1,224