Welcome!

News Feed Item

ICICI Bank, Olympic Steel, Microsoft, Apple and Google highlighted as Zacks Bull and Bear of the Day

CHICAGO, April 4, 2014 /PRNewswire/ -- Zacks Equity Research highlights ICICI Bank (NYSE:IBN-Free Report)  as the Bull of the Day and Olympic Steel (Nasdaq:ZEUS-Free Report)  as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Microsoft Corporation (Nasdaq:MSFT-Free Report), Apple (Nasdaq:AAPL-Free Report) and Google (Nasdaq:GOOG-Free Report).

Zacks Investment Research, Inc., www.zacks.com

Here is a synopsis of all five stocks:

Bull of the Day:

The trend of declining economic growth in India for the past couple of years appears to be coming to an end now. And the banking sector continues its strong growth thanks mainly to rising demand for consumer loans.

Headquartered in Mumbai, India, ICICI Bank (NYSE:IBN-Free Report) is the largest private sector bank in India. The Bank has a network of 3,620 branches and 11,292 ATMs in India, and also has presence in 16 countries, outside India.

The bank has 7 main business segments: Treasury, Wholesale Banking, Life Insurance, Retail Banking, Other Banking, Other, and General Insurance.  During FY 2013, 30% of bank's revenue came from its Treasury operations and 27% from Wholesale Banking.

ICICI Bank's ADRs are listed on the NYSE.

IBN reported its Q3 FY 2014 results on January 29, 2014. The results were ahead of analysts' expectations.

Total advances grew 16.0% year-over-year driven mainly by 22.3% growth in the retail portfolio. Retail portfolio continues to be driven by strong demand for mortgage and auto loan products. On the other hand, commercial business loans declined 17.0% year-over-year.

Bear of the Day:

Headquartered in Cleveland, Ohio, Olympic Steel (Nasdaq:ZEUS-Free Report) is a U.S. metals service center focused on the direct sale and distribution of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel and aluminum products. The company operates from 34 facilities in North America.

The company reported its Q4 results on February 27. The quarter resulted in a net loss of $1.4 million, or $0.12 per diluted share, substantially worse than the Zacks Consensus Estimate of earnings of $0.13 per share.

Consolidated net sales in the quarter were $291 million and the full year sales were 8.7% lower compared with 2012. According to the management, sales volumes suffered from weakness in certain end markets including the mining industry and the defense sector.

While the company had made significant progress in deleveraging, debt-to-equity ratio is still very high at 67% at the end of 2013 (though down from 83% at the end of 2012).

Additional content:

Microsoft Unveils Cortana

 

At the annual Build conference in San Francisco, Microsoft Corporation (Nasdaq:MSFT-Free Report) unveiled a voice assistant feature for Windows Phone to gain traction in a highly competitive smartphone market.

 

Microsoft's new voice-activated phone assistant feature — Cortana — will be included in the upcoming Windows Phone 8.1 update. The service will be able to take verbal instructions to search for information, set alarms, take calls, make calendar entries and a host of other actions.

 

The company stated that Cortana is in the "beta" test mode and is expected to be formally launched by the second half of this year.

 

With the launch of features like Cortana, Microsoft plans to increase its efforts to spread out the use of Windows Phone to many more devices. Also, Microsoft aims at competing against other voice-activated digital assistants such as Apple's (Nasdaq:AAPL-Free Report) Siri and Google's (Nasdaq:GOOG-Free Report) Google Now. Like Google Now, Cortana can tap into apps as well as the phone ' s core services to deliver contextual information. It can offer localized weather reports, favorite sports scores, scan email and provide updates on a flight status or package delivery.

 

Apart from this, Microsoft plans to release Office for iPad and a new 2014 edition of Office for Mac this year. Also, the company announced its plans to offer Windows for free on phones, tablets and other consumer devices. Microsoft will release a new version of its Kinect — created for the Xbox One — for Windows PCs.

 

All these changes are expected to help Microsoft stay afloat in a rapidly changing technology market. Like other PC makers, Microsoft's main business of making software for PCs is witnessing sagging demand. Also, Microsoft's touch-based operating system, Windows 8, launched in 2012 failed to provide the much needed boost to the PC market. Therefore, the software company has decided to launch Windows 8.1 — an upgraded version of its operating system — to address the issues regarding the earlier version.

 

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 IBN - FREE

Get the full Report on ZEUS - FREE

Get the full Report on MSFT - FREE

Get the full Report on AAPL - FREE

Get the full Report on GOOG - 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.

Photo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

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
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Leading companies, from the Global Fortune 500 to the smallest companies, are adopting hybrid cloud as the path to business advantage. Hybrid cloud depends on cloud services and on-premises infrastructure working in unison. Successful implementations require new levels of data mobility, enabled by an automated and seamless flow across on-premises and cloud resources. In his general session at 21st Cloud Expo, Greg Tevis, an IBM Storage Software Technical Strategist and Customer Solution Architec...
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
No hype cycles or predictions of a gazillion things here. IoT is here. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, an Associate Partner of Analytics, IoT & Cybersecurity at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He also discussed the evaluation of communication standards and IoT messaging protocols, data...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...