|By PR Newswire||
|August 19, 2014 09:30 AM EDT||
CHICAGO, Aug. 19, 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), CarMax Inc. (NYSE:KMX-Free Report), O'Reilly Automotive Inc. (Nasdaq:ORLY-Free Report), Fox Factory Holding Corp (Nasdaq:FOXF-Free Report) and AstraZeneca (NYSE:AZN-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Tesla Model S Gets 8-Year, Infinite Mile Warranty
Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) announced that it has increased the warranty on its Model S drive unit to eight years and infinite miles. This is same as the warranty on the battery pack. Moreover, the electric carmaker has not put any restriction on the number of owners the car can belong to during the warranty period. Further, the warranty extension is being implemented on a retrospective basis to all Model S sedans.
Earlier, Tesla provided a warranty for four years or 50,000 miles on the car. In comparison, most gasoline cars offer a standard three-year/36,000-mile warranty.
The extension of the warranty reflects Tesla's belief that electric motors are more reliable than gasoline engines due to the lower number of moving parts and absence of oily residue or combustion byproducts. The electric carmaker believes that it should have provided this warranty from the beginning itself.
Tesla also acknowledges that the move will have an adverse effect on its earnings in the short term due to the increase in warranty reserves. However, it believes that the move will have long-term beneficial effects.
The extended warranties will ease consumers' concerns following recent revelations by Consumer Reports and Edmunds.com that Model S cars have been found to develop certain snags during long-term usage. Moreover, it will likely boost resale values of Model S, per some analysts.
Currently, Tesla sports a Zacks Rank #1 (Strong Buy). Other auto stocks worth considering include CarMax Inc. (NYSE:KMX-Free Report), O'Reilly Automotive Inc. (Nasdaq:ORLY-Free Report) and Fox Factory Holding Corp (Nasdaq:FOXF-Free Report). All these stocks have a Zacks Rank #2 (Buy).
AstraZaneca Initiates Phase 3 for Asthma Drug
Investors in the pharma/biotech sector eagerly wait for pipeline updates as they play an important role in deciding whether or not to invest in a particular company. Pipelines are of prime importance as far as pharma/biotech companies which spend significant funds and time in advancing their pipelines.
Last week, AstraZeneca (NYSE:AZN-Free Report) provided an update on its pipeline. The company has initiated a phase III program for its asthma candidate, tralokinumab. The phase III program will assess the safety and efficacy of tralokinumab in reducing the rate of asthma exacerbations in adults and adolescents suffering from severe, inadequately controlled asthma despite receiving inhaled corticosteroids plus long-acting β2-agonist.
The company initiated the phase III program on tralokinumab based on results from a phase IIb study, which were presented at the 2014 American Thoracic Society International Conference in May.
AstraZeneca is also evaluating the candidate for the treatment of mild-to-moderate idiopathic pulmonary fibrosis. A 72-week phase II study evaluating the efficacy and safety of tralokinumab is ongoing.
We are pleased with the pipeline progress at AstraZeneca. If successfully developed and subsequently approved, tralokinumab will boost the company's respiratory portfolio. AstraZeneca already has experience in marketing several products like Symbicort and Pulmicort in this area, which should prove beneficial if and when tralokinumab receives approval.
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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