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
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and ...
"Venafi has a platform that allows you to manage, centralize and automate the complete life cycle of keys and certificates within the organization," explained Gina Osmond, Sr. Field Marketing Manager at Venafi, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Application transformation and DevOps practices are two sides of the same coin. Enterprises that want to capture value faster, need to deliver value faster – time value of money principle. To do that enterprises need to build cloud-native apps as microservices by empowering teams to build, ship, and run in production. In his session at @DevOpsSummit at 19th Cloud Expo, Neil Gehani, senior product manager at HPE, discussed what every business should plan for how to structure their teams to delive...
"We are a modern development application platform and we have a suite of products that allow you to application release automation, we do version control, and we do application life cycle management," explained Flint Brenton, CEO of CollabNet, in this SYS-CON.tv interview at DevOps at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
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 sett...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...
The WebRTC Summit New York, to be held June 6-8, 2017, at the Javits Center in New York City, NY, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 20th International Cloud Expo and @ThingsExpo. WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web ...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, 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.
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
"We're a cybersecurity firm that specializes in engineering security solutions both at the software and hardware level. Security cannot be an after-the-fact afterthought, which is what it's become," stated Richard Blech, Chief Executive Officer at Secure Channels, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...