Welcome!

News Feed Item

The Zacks Analyst Blog Highlights:Tesla Motors, Deutsche Bank, Freddie Mac, HSBC Holdings and Fannie Mae

CHICAGO, April 14, 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 Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Deutsche Bank AG (NYSE:DB-Free Report), Freddie Mac (OTCBB:FMCC-Free Report), HSBC Holdings plc (NYSE:HSBC-Free Report) and Fannie Mae (OTCBB:FNMA-Free Report).

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

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

Here are highlights from Friday's Analyst Blog:

Tesla Hit Back at "Lemon Lawyer"

Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) has hit back at a lemon law claim filed by a lawyer against it for allegedly ignoring his client's three requests to buy back the car. The client reportedly faced problems with the door handle and fuse of his Model S multiple times. He claims that Tesla failed to address the problems and hence he wants to return his car.

Tesla however contends that it only received one request for buying back the car. Moreover, the automaker claims that it did everything possible to redress the customer's grievances and is still striving to do so.

Tesla replaced the door handles of the car even though it failed to recreate the alleged problem in them. Even that did not solve the problem according to the customer.

Regarding the problem with the fuse, Tesla detected that the front trunk of the car, which provides access to the fuse, had been opened each time before the fuse blew. This indicates the possibility of fuse tampering. In fact, the electric carmaker revealed that the fuse problem was solved once its service team put a non-tamper tape on the fuse switch. Moreover, Tesla's engineers did not find any problem with the car that might have caused the fuse to blow.

Tesla also mentioned that the same customer and the same lawyer had filed a lemon lawsuit against Volvo last year. While this does not prove anything, it is definitely cause for suspicion.

It is worth noting that Model S scored 99 out of 100 in a consumer satisfaction survey by the Consumer Reports magazine. This is the highest score in the last few years. Results are based on the response of 350,000 Consumer Reports subscribers who own a car. More than 600 of them were owners of the 2012 or 2013 versions of Model S.

Tesla currently carries a Zacks Rank #2 (Buy).

Deutsche Bank Mortgage Case Dismissed

As per a Reuters report, Deutsche Bank AG (NYSE:DB-Free Report) has won a dismissal of the case filed by the Federal Housing Finance Agency (FHFA) on behalf of Freddie Mac (OTCBB:FMCC-Free Report). The suit had demanded compensation from the bank for losses incurred by Freddie Mac on faulty mortgage-backed securities (MBS) purchased by the latter in 2006.

While dismissing the case, Justice Eileen Bransten in New York State Supreme Court stated that lawsuit was barred by the state's six-year statute of limitations. The FHFA had begun filing cases in 2012, which was just within the six-year limitation. However, the FHFA did not have authority to sue.

Further, HSBC Bank USA, National Association, a subsidiary of HSBC Holdings plc (NYSE:HSBC-Free Report), which was the trustee for the MBS, was allowed to include some of the claims filed in the case in Jan 2013. Notably, by then, it was too late as the six-year limit had lapsed.

The FHFA accused Deutsche Bank of misrepresenting the quality and underwriting of home loans underlying MBS in the trust worth more than $1.4 billion. Freddie Mac had purchased securities valued at nearly $460 million, which lost most of its value in the wake of the housing bubble burst and subsequent financial crisis.

We believe that dismissal of the above-mentioned case removes a legal headwind for Deutsche Bank. Of late, the bank has been actively resolving mortgage-related lawsuits. In Dec 2013, it reached a settlement of $1.9 billion with the FHFA. The FHFA had accused the company of misrepresenting documents related to MBS to Fannie Mae (OTCBB:FNMA-Free Report) and Freddie Mac.

Further, all these litigation issues have been adversely impacting Deutsche Bank's performance. The company has to keep aside a significant legal reserve to meet these expenses.

Additionally, the present volatile economic conditions, interest rate uncertainty and stringent regulations are exerting pressure on Deutsche Bank's top line.  To mitigate this, the company is resorting to cost control measures comprising layoffs and closures of business units worldwide.

Currently, Deutsche Bank has a Zacks Rank #5 (Strong Sell).

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 TSLA - FREE

Get the full Report on DB - FREE

Get the full Report on FMCC - FREE

Get the full Report on HSBC - FREE

Get the full Report on FNMA - 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.

Logo - 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
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abilit...
For far too long technology teams have lived in siloes. Not only physical siloes, but cultural siloes pushed by competing objectives. This includes informational siloes where business users require one set of data and tech teams require different data. DevOps intends to bridge these gaps to make tech driven operations more aligned and efficient.
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
HyperConvergence came to market with the objective of being simple, flexible and to help drive down operating expenses. It reduced the footprint by bundling the compute/storage/network into one box. This brought a new set of challenges as the HyperConverged vendors are very focused on their own proprietary building blocks. If you want to scale in a certain way, let's say you identified a need for more storage and want to add a device that is not sold by the HyperConverged vendor, forget about it...
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
The best way to leverage your CloudEXPO | DXWorldEXPO presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering CloudEXPO | DXWorldEXPO will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at CloudEXPO. Product announcements during our show provide your company with the most reach through our targeted audienc...
JETRO showcased Japan Digital Transformation Pavilion at SYS-CON's 21st International Cloud Expo® at the Santa Clara Convention Center in Santa Clara, CA. The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get...
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22nd international CloudEXPO | first international DXWorldEXPO and will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
DXWorldEXPO LLC announced today that ICC-USA, a computer systems integrator and server manufacturing company focused on developing products and product appliances, will exhibit at the 22nd International CloudEXPO | DXWorldEXPO. DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City. ICC is a computer systems integrator and server manufacturing company focused on developing products and product appliances to meet a wide range of ...
With 10 simultaneous tracks, keynotes, general sessions and targeted breakout classes, @CloudEXPO and DXWorldEXPO are two of the most important technology events of the year. Since its launch over eight years ago, @CloudEXPO and DXWorldEXPO have presented a rock star faculty as well as showcased hundreds of sponsors and exhibitors!
DXWorldEXPO LLC announced today that the upcoming DXWorldEXPO | CloudEXPO New York event will feature 10 companies from Poland to participate at the "Poland Digital Transformation Pavilion" on November 12-13, 2018.
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo 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 ...