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Zacks Investment Research #1 Rank (strong buy) stocks have consistently outperformed the S&P 500 since 1988. Here are some their recommended "Bull of the Day" stock picks with a #1 ranking. This list is updated daily.
Las Vegas Sands Corp. (LVS) - Bull of the Day
Fri, 18 May 2012
Las Vegas Sands Corp.'s (LVS) first-quarter results were robust with an industry-wide record of $1 billion EBITDA and adjusted earnings up 89.2% year over year. The first-quarter earnings also surpassed the Zacks Consensus Estimate by $0.10.
The company enjoys a revenue compound annual growth rate of over 20%. With the gradual recovery in global economy, the company is experiencing an increase in demand. Macao and Singapore operations continue to witness strong momentum. The business at Las Vegas, which was worst hit due to the economic slowdown, is also steadily improving.
Moreover, we view the company's Sand Cotai Central project as a long-term catalyst. Additionally, the company remains focused on enhancing shareholder value. Thus, we expect the company's earnings to increase going forward. Hence, we upgrade the stock from Neutral to Outperform.
LAS VEGAS SANDS (LVS): Free Stock Analysis Report
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Zacks Investment Research
Macy's, Inc. (M) - Bull of the Day
Thu, 17 May 2012
Macy's, Inc. (M) has been taking prudent steps to increase sales, profitability and cash flows. These include integration of operations, consolidation of divisions and customer-centric localization initiatives. To help drive traffic, Macy's continues to focus on price optimization, inventory management and merchandise planning. These help the company to deliver better-than-expected first-quarter 2012 results.
The quarterly earnings of $0.43 per share beat the Zacks Consensus Estimate of $0.40, and rose 43.3% from the prior-year quarter. Macy's continues to expect fiscal 2012 earnings between $3.25 and $3.30 per share.
The company hinted that it is seeking to expand both the Macy's and Bloomingdale's brands, which present enormous opportunities to enhance market share. Macy's, which saw a 1.2% increase in April comparable-store sales, now expects comps growth of approximately 3.7% for fiscal 2012.
MACYS INC (M): Free Stock Analysis Report
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Zacks Investment Research
Texas Capital Bancshares (TCBI) - Bull of the Day
Wed, 16 May 2012
Texas Capital Bancshares' (TCBI) first-quarter 2012 operating earnings per share surpassed the Zacks Consensus Estimate. The results were also significantly ahead of the prior-year quarter's earnings. Quarterly results benefited from an increase in the top line aided by an augmentation of both net interest income as well as non-interest income.
Texas Capital's business model remains a chief growth driver. The gain in market share from its competitors and organic growth is impressive. Credit quality improvement is also encouraging. The company's efforts to hire experienced bankers and expand its presence are impressive.
We believe that with an eventual improvement in the Texan economy, the company would be further poised to experience an increase in earnings. Our six-month target price of $46.00 equates to 16.7x our earnings estimate for 2012. This price target implies an expected total return of 18.8% over that period.
TEXAS CAP BCSHS (TCBI): Free Stock Analysis Report
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Zacks Investment Research
AGCO Corporation (AGCO) - Bull of the Day
Tue, 15 May 2012
We reiterate our Outperform recommendation on AGCO Corporation (AGCO) with a target price of $52. The company reported first quarter 2012 earnings of $1.21 per share, exceeding the Zacks Consensus Estimate of $0.86. Total revenues increased 26.5% to $2.27 billion, beating the Zacks Consensus Estimate of $2.08 billion.
The acquisition of GSI will help to place the company in a new market sector and extend its achievement in the agricultural industry. Moreover, it plans to invest in new products to expand its product line. In addition, its strategy of entering the emerging markets of Russia, CIS, China and Africa is slated to achieve significant growth.
Further, the demand for AGCO's products may increase as the U.S. Department of Agriculture expects worldwide corn production to rise 10% to 946 million tons in 2012. We set a 6-month target price of $52 per share, based on a P/E of 9.4x and our fiscal 2012 earnings estimate.
AGCO CORP (AGCO): Free Stock Analysis Report
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Zacks Investment Research
Eastman Chemical Co. (EMN) - Bull of the Day
Mon, 14 May 2012
We are retaining our Outperform recommendation on Eastman Chemical Co. (EMN). First quarter adjusted earnings of $1.22 per share beat the Zacks Consensus Estimate. Revenue growth was aided by higher selling prices.
Moving ahead, we believe that the company is well placed to benefit in the second-half of the year from the synergies of its impending acquisition of Solutia. Eastman Chemical's diversified chemical portfolio, along with its integrated and diverse downstream businesses, is driving its earnings.
The company also benefits from business restructuring, recent acquisitions, cost-cutting measures and increased capacity additions. Our long-term Outperform recommendation on the stock indicates that it will perform above the broader market. Our price target of $61 is based on 11.7x our fiscal 2012 earnings estimate.
EASTMAN CHEM CO (EMN): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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