Welcome!

News Feed Item

TriQuint, Medifast, AT&T, Verizon Communications and Crown Castle highlighted as Zacks Bull and Bear of the Day

CHICAGO, Aug. 18, 2014 /PRNewswire/ -- Zacks Equity Research highlights TriQuint Semiconductor (Nasdaq:TQNT-Free Report) as the Bull of the Day and Medifast (NYSE:MED-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on AT&T Inc. (NYSE:T-Free Report), Verizon Communications Inc. (NYSE:VZ-Free Report) and Crown Castle (NYSE:CCI-Free Report).

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

Here is a synopsis of all five stocks:

Bull of the Day:

Yesterday I got a little bit excited and decided I'd look into the next generation of smart phones. They're coming out next month. Apple will have another iPhone for you, and Samsung is coming out with a new Galaxy Note S4 for me. Among the fresh features of the next generation are 4k or UltraHD displays and curved glass. But what will remain the same is a great deal of the hardware that's inside these devices. The computing power and the wireless data receiver semiconductor chips are being made by the same providers who stand to make big bucks when these phones are mass produced over and over again.

Among the chipmakers that are included is TriQuint Semiconductor (Nasdaq:TQNT-Free Report), our Bull of the Day. TriQuint designs, develops, manufactures, and markets a broad range of high performance analog and mixed signal integrated circuits for communications markets. The integrated circuits are incorporated into a variety of communications products, including cellular phones, fiber optic telecom equipment, satellite communications systems, high performance data networking products and aerospace applications.

The vast majority of TriQuint's operations are focused on the mobile industry. With the world's demand for mobile data growing exponentially, the wireless industry is rapidly changing to meet this challenge and build the next generation of mobile devices and network infrastructure. As a result, TQNT has an intense focus on LTE content expansion. They seek to deliver premium filters and high-efficiency broadband amplifiers as well as enable dense RF integration with ultra small packaging. Basically it means they are making their chips smaller, more efficient, and more powerful.

Not stopping with mobile devices, TriQuint is gaining exposure in the defense and aerospace business as well. Their transition to products and away from non-strategic foundry is driving revenue and margins for them. Their top customers on the defense front include Lockheed Martin, Boeing, Northrop Grumman, Raytheon, and the US Department of Defense. Their GaN technology offers greater power, smaller size, fewer parts, and higher efficiency then their current competition.

Bear of the Day:

Let's face it America. We've packed on a few extra pounds over the years. Maybe it's the burgers. Maybe it's the beer. Maybe I'm just lazy. It's probably all of the above. There are plenty of companies out there to help you get on the right track and lose that stubborn belly fat. Some of them do it by trying to get you back in the gym to exercise. Some want to give you a pill. And others try to get you to eat right. That's exactly what our Bear of the Day has been trying to do. Get you to eat their "Just add water" soups, shakes, and meals.

Medifast (NYSE:MED-Free Report) stock has been struggling since mid-June. The company has recently been dropped down to a Zacks Rank #5 (Strong Sell). The company is engaged in the production, distribution, and sale of consumable health and diet products. Basically these are powder packets you add water to for one of your snacks throughout the course of the day.

This varies from some other diet providers in that Medifast does not provide you with what you're supposed to scarf down for lunch. What it gives you is the sensible snacks you're supposed to constantly stoke your metabolism with throughout the course of the day. Then it gives you guidelines for what your main meal should be that day.

It sounds easy enough, doesn't it? But Medifast has struggled to impress analysts. Despite earnings surprises that average about 5 cents over the last four quarters, analysts have continued to revise their earnings estimates to the downside. Over the last 30 days analysts have dropped estimates for the current year from $1.84 per share down to $1.75 per share and for the next year down from $2.25 to $2.00. What doesn't help the stock is the fact that the industry ranks in the Bottom 25% of our Zacks Industry Rank.

The stock's chart has been a wild ride for investors over the course of the last two years. MED has whipsawed back and forth from as low as $21.75 to a high over $34 just a few short months ago. Today the stock currently trades down at the $27.11 level.

The recent sell-off from above $34 took the stock sharply under the 25 day moving average shifted by 5 days (25x5) and pushed stochastics well into oversold territory. In early July, with the stock finding a bid near $30 it looked like Medifast was going to make another run back at the highs and back above the 25x5. But the stock failed to push through upside resistance July 7th and subsequently headed lower.

Additional content:

AT&T Looks Forward to LTE-Based Media Broadcasting in 2015

AT&T Inc. (NYSE:T-Free Report) is reportedly planning to introduce LTE-based media broadcasting in the US. According to media reports, the company will launch its own Multicast service in 2015, to compete with Verizon Communications Inc. (NYSE:VZ-Free Report). Although no official disclosure has been made in this regard, we believe the prospective new service, which remains complementary to the company's project VIP initiative, will remain accretive to revenues and improve market share.

AT&T remains focused on its project VIP initiative, which targets business expansion. These initiatives target 4G LTE expansion, spectrum and network capabilities enhancement, 8.5 million new U-verse service customers and the addition of 57 million broadband users, covering 75% of the company's wireline footprint by the end of 2015. In addition, the company is also seeking to expand its fiber network to include 1 million additional customer locations by 2015.

This project underlines the company's efforts to meet the growing demand for high-speed Internet. We believe that this investment program will provide AT&T with a high-potential growth platform for revenues and earnings.

Moreover, to support network infrastructure, AT&T acquired 39 lower 700 MHz B Block spectrum licenses from Verizon for $1.9 billion in 2013. In Jan 2014, the company also plans to acquire 49 AWS spectrum licenses from Aloha Partners II, L.P. The licenses cover nearly 50 million people in 14 states. The transaction is expected to be completed by the second half of the year. In Dec 2013, AT&T also completed its lease transaction for 9,000 towers and sale of approximately 600 towers with Crown Castle (NYSE:CCI-Free Report) for $4.83 billion.

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 TQNT - FREE

Get the full Report on MED - FREE

Get the full Report on T - FREE

Get the full Report on VZ - FREE

Get the full Report on CCI - 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.

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
SYS-CON Events announced today the Enterprise IoT Bootcamp, being held November 1-2, 2016, in conjunction with 19th Cloud Expo | @ThingsExpo at the Santa Clara Convention Center in Santa Clara, CA. Combined with real-world scenarios and use cases, the Enterprise IoT Bootcamp is not just based on presentations but with hands-on demos and detailed walkthroughs. We will introduce you to a variety of real world use cases prototyped using Arduino, Raspberry Pi, BeagleBone, Spark, and Intel Edison. Y...
What does it look like when you have access to cloud infrastructure and platform under the same roof? Let’s talk about the different layers of Technology as a Service: who cares, what runs where, and how does it all fit together. In his session at 18th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, an IBM company, spoke about the picture being painted by IBM Cloud and how the tools being crafted can help fill the gaps in your IT infrastructure.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
Much of IT terminology is often misused and misapplied. Modernization and transformation are two such terms. They are often used interchangeably even though they mean different things and have very different connotations. Indeed, it is somewhat safe to assume that in IT any transformative effort is likely to also have a modernizing effect, and thus, we can see these as levels of improvement efforts. However, many businesses are being led to believe if they don’t transform now they risk becoming ...
"We provide DevOps solutions. We also partner with some key players in the DevOps space and we use the technology that we partner with to engineer custom solutions for different organizations," stated Himanshu Chhetri, CTO of Addteq, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
SYS-CON Events announced today that LeaseWeb USA, a cloud Infrastructure-as-a-Service (IaaS) provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. LeaseWeb is one of the world's largest hosting brands. The company helps customers define, develop and deploy IT infrastructure tailored to their exact business needs, by combining various kinds cloud solutions.
As companies gain momentum, the need to maintain high quality products can outstrip their development team’s bandwidth for QA. Building out a large QA team (whether in-house or outsourced) can slow down development and significantly increases costs. This eBook takes QA profiles from 5 companies who successfully scaled up production without building a large QA team and includes: What to consider when choosing CI/CD tools How culture and communication can make or break implementation
Adding public cloud resources to an existing application can be a daunting process. The tools that you currently use to manage the software and hardware outside the cloud aren’t always the best tools to efficiently grow into the cloud. All of the major configuration management tools have cloud orchestration plugins that can be leveraged, but there are also cloud-native tools that can dramatically improve the efficiency of managing your application lifecycle. In his session at 18th Cloud Expo, ...
The best-practices for building IoT applications with Go Code that attendees can use to build their own IoT applications. In his session at @ThingsExpo, Indraneel Mitra, Senior Solutions Architect & Technology Evangelist at Cognizant, provided valuable information and resources for both novice and experienced developers on how to get started with IoT and Golang in a day. He also provided information on how to use Intel Arduino Kit, Go Robotics API and AWS IoT stack to build an application tha...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
It’s 2016: buildings are smart, connected and the IoT is fundamentally altering how control and operating systems work and speak to each other. Platforms across the enterprise are networked via inexpensive sensors to collect massive amounts of data for analytics, information management, and insights that can be used to continuously improve operations. In his session at @ThingsExpo, Brian Chemel, Co-Founder and CTO of Digital Lumens, will explore: The benefits sensor-networked systems bring to ...
"Tintri was started in 2008 with the express purpose of building a storage appliance that is ideal for virtualized environments. We support a lot of different hypervisor platforms from VMware to OpenStack to Hyper-V," explained Dan Florea, Director of Product Management at Tintri, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.