Welcome!

Open Source Cloud Authors: Mark Ross-Smith, Derek Weeks, Mano Marks, Liz McMillan, Carmen Gonzalez

News Feed Item

Universal Display, AGCO, Intel, Apple and Google highlighted as Zacks Bull and Bear of the Day

CHICAGO, Aug. 12, 2014 /PRNewswire/ -- Zacks Equity Research highlights Universal Display Corp (Nasdaq:OLED-Free Report) as the Bull of the Day and AGCO Corp (NYSE:AGCO-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onIntel (Nasdaq:INTC-Free Report), Apple (Nasdaq:AAPL-Free Report) and Google (Nasdaq:GOOGL-Free Report).

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

Here is a synopsis of all five stocks:

Bull of the Day:

Universal Display Corp (Nasdaq:OLED-Free Report) has beaten the Zacks Consensus Estimate in four of its last five earnings reports and recently reported strong guidance. Today, OLED is a Zacks Rank #2 (Buy), and it is the Bull of the Day.

Why a Zacks Rank #2 (Buy)

The Bull of the Day is not an article that is designed to show a stock that is going up the most on any one given day. It is about showing how the Zacks Rank works and the positive attributes that the highly ranked stocks have.

Normally we write about Zacks Rank #1 (Strong Buy) stocks for the Bull of the day, but I wanted to highlight a stock that I think has a number of positive catalysts that could drive the stock price higher.

Company Description

Universal Display Corporation is a leader in the research, development and commercialization of organic light emitting diode, or OLED, technologies and materials. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light, making them highly suitable for use in full-color displays and as lighting products. OLED displays are capturing a growing share of the flat panel display market.

Most Recent Quarter

OLED reported a strong 2Q14 beating the Zacks Consensus Estimate by $0.04 in posting a 10% positive earnings surprise. The company reported revenues of $64M when the street was calling for $62M in the quarter. The $2M top line beat translated into a 3.3% revenue surprise.

Tight In The Shorts?

I took a look at the short interest in this stock and was surprised to see at a great short squeeze candidate. On 5/30 the absolute number of shares sold short was at a high point over the last twelve months. 9.2M shares had been sold short as of that date, and with 680K shares in daily volume that meant the shorts needed 13.5 days to cover.

On 6/13 the reported number of shares sold short ticked down by 50K, but days to cover ballooned to 15.5.

The most recent data is from 7/15 and it shows there are 8.5M shares sold short with days to cover standing at a brisk 13.6. This implies that a even a small move up in the stock could produce a pretty large short squeeze.

Bear of the Day:

AGCO Corp (NYSE:AGCO-Free Report) may have beaten the Zacks Consensus Estimate in each of the last three quarters, but estimates have moved lower recently. AGCO a Zacks Rank #5 (Strong Sell), and it is the Bear of the Day.

Company Description

AGCO Corporation manufactures and distributes agricultural equipment and related replacement parts worldwide. It offers tractors and combines. AGCO Corporation was founded in 1990 and is headquartered in Duluth, Georgia.

Guiding Lower

The company guided lower on July 29 as they expected sales to be between $10.1B -$10.3B compared to the $10.34B estimate. At that time the company also noted that EPS for FY14 would be $5.00.

Recent Earnings Reports

The most recent report saw AGCO come in ahead of the Zacks Consensus Estimate. The company reported $1.77 vs. the $1.68 estimate fro a beat of $0.09 or 5.4% positive earnings surprise. The guidance, however, disappointed Wall Street and the stock sold off by 5.2% in the session following the release.

Additional content:

Technology Stock Roundup

A fake PR creates temporary tension at Intel (Nasdaq:INTC-Free Report) as Xiaomi takes the lead in China and Google's smartphone strategy takes shape.

Fake PR Says Intel to Close Israel Operations

A press release purported to have come from Intel's PR department said that Intel had decided to abandon/delay its Israel operations (in which it has invested $6 billion) because of the ongoing conflict with Gaza. Intel has since assured that both the release and claims weren't authentic, but someone seems to have gone to a lot of trouble to set up a false website and have a person "with an American accent" answering the PR contact number enlisted on the release.

Business Insider said that the person confirmed Intel's plans to close/postpone operations in Israel and WSJ reported that the said person who identified himself as Nick Veritas later agreed that the whole thing was a hoax intended to prove disconnect between what companies said and did "regarding corporate responsibility and human rights."

China Answers Samsung, Apple

As the smartphone war heats up in China, local players are sprouting up all over. But heading the list is Xiaomi, which initially made strides copying Apple (Nasdaq:AAPL-Free Report). But it's now a serious contender, with its 15 million Q2 units and strong growth rates giving it a leading 14% share of the Chinese smartphone market. Xiaomi uses a forked version of Android and also sells a few phones based on an internally developed OS. Strategy Analytics says that Xiaomi has jumped to the fifth largest global vendor on the basis of its growth in China and preliminary success in India.

Samsung has plenty to worry about: a separate report indicated that it also dropped to number two in India where local player Micromax took over the leading position. Apple continues to do well in the premium segment.

Google Cornering the Smartphone Market

There have been a few rumors that Google (Nasdaq:GOOGL-Free Report) is retiring its Nexus Line in favor of Android Silver, where it will retain more control over the OS, ensure faster updates and attract premium pricing. However, reports in the media have also said that these plans were shelved.

But Nexus may have already served its purpose because of the Google Play versions that have actually caught on very well. Contrary to what may have been believed, the closed OS (that was developed by the Open Handset Alliance, or OHA) is doing better than the open one (Android Open Source Project, or AOSA), according to a new report from ABI Research.

OHA now has a global market share of 65% compared to AOSA's 20%. The latter is however growing faster because of rapid adoption in Asia. For all practical purposes, Google is providing an entry-level OS and enabling migration to a more advanced one.

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 OLED - FREE 
Get the full Report on AGCO - FREE 
Get the full Report on INTC - FREE 
Get the full Report on AAPL - FREE 
Get the full Report on GOOGL - 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.

@ThingsExpo Stories
SYS-CON Events announced today that MobiDev, a client-oriented software development company, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place June 6-8, 2017, at the Javits Center in New York City, NY, and the 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex softw...
The cloud market growth today is largely in public clouds. While there is a lot of spend in IT departments in virtualization, these aren’t yet translating into a true “cloud” experience within the enterprise. What is stopping the growth of the “private cloud” market? In his general session at 18th Cloud Expo, Nara Rajagopalan, CEO of Accelerite, explored the challenges in deploying, managing, and getting adoption for a private cloud within an enterprise. What are the key differences between wh...
"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.
The security needs of IoT environments require a strong, proven approach to maintain security, trust and privacy in their ecosystem. Assurance and protection of device identity, secure data encryption and authentication are the key security challenges organizations are trying to address when integrating IoT devices. This holds true for IoT applications in a wide range of industries, for example, healthcare, consumer devices, and manufacturing. In his session at @ThingsExpo, Lancen LaChance, vic...
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, discussed the importance of WebRTC and how it enables companies to focus o...
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
In his General Session at 16th Cloud Expo, David Shacochis, host of The Hybrid IT Files podcast and Vice President at CenturyLink, investigated three key trends of the “gigabit economy" though the story of a Fortune 500 communications company in transformation. Narrating how multi-modal hybrid IT, service automation, and agile delivery all intersect, he will cover the role of storytelling and empathy in achieving strategic alignment between the enterprise and its information technology.
Buzzword alert: Microservices and IoT at a DevOps conference? What could possibly go wrong? In this Power Panel at DevOps Summit, moderated by Jason Bloomberg, the leading expert on architecting agility for the enterprise and president of Intellyx, panelists peeled away the buzz and discuss the important architectural principles behind implementing IoT solutions for the enterprise. As remote IoT devices and sensors become increasingly intelligent, they become part of our distributed cloud enviro...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Things are changing so quickly in IoT that it would take a wizard to predict which ecosystem will gain the most traction. In order for IoT to reach its potential, smart devices must be able to work together. Today, there are a slew of interoperability standards being promoted by big names to make this happen: HomeKit, Brillo and Alljoyn. In his session at @ThingsExpo, Adam Justice, vice president and general manager of Grid Connect, will review what happens when smart devices don’t work togethe...
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Discover top technologies and tools all under one roof at April 24–28, 2017, at the Westin San Diego in San Diego, CA. Explore the Mobile Dev + Test and IoT Dev + Test Expo and enjoy all of these unique opportunities: The latest solutions, technologies, and tools in mobile or IoT software development and testing. Meet one-on-one with representatives from some of today's most innovative organizations
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.
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in Embedded and IoT solutions, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 7-9, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/Big Data, HPC and E...
SYS-CON Events announced today that Linux Academy, the foremost online Linux and cloud training platform and community, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Linux Academy was founded on the belief that providing high-quality, in-depth training should be available at an affordable price. Industry leaders in quality training, provided services, and student certification passes, its goal is to c...