HOME ZACKS RESEARCH FUNDS PORTFOLIO BROKER RESEARCH MARKETS SCREENING EDUCATION SERVICES

Zacks Equity Research
Zacks Rank can tell you which stocks to buy and sell. Zacks Equity Research tells you why. Click here to learn more.
Quote:
Login Free Membership
Search:

 
Press Releases  

drugstore.com, LoopNet, Research In Motion, Apple and Palm

May 04, 2009 | Comments: 0
Recommended this article (1)
DSCM | LOOP | RIMM | AAPL | PALM
Print    Share

For Immediate Release

Chicago, IL – May 4, 2009 – Zacks Equity Research highlights drugstore.com (DSCM - Snapshot Report) as the Bull of the Day and LoopNet, Inc. (LOOP - Snapshot Report) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Research In Motion, Inc. (RIMM - Analyst Report), Apple, Inc. (AAPL - Analyst Report) and Palm, Inc. (PALM - Snapshot Report).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

drugstore.com (DSCM - Snapshot Report) reported better-than-expected top-line results for the first quarter, while EPS were in line. For the second quarter, DSCM expects revenue of $93-$97 million and a slight loss to break even earnings.

We continue to believe that investors should focus on the company strategy to achieve profitable sales growth over the long term. Its strategy includes increasing share in the over-the-counter market, growing its international business, entering new partnership arrangements, and expanding into higher margin product lines.

We think these initiatives could produce strong long-term earnings growth. We rate drugstore.com a Buy with a $3.00 target price.

Bear of the Day:

We reiterate our Sell rating on shares of LoopNet, Inc. (LOOP - Snapshot Report) following the release of Q1 results. Although the company owns the leading online commercial real estate marketplace, we believe that a challenging near-term operating environment will curtail share price appreciation.

Continuing macro-economic challenges will likely put stress on the commercial real estate sector, in our opinion, as slower economic growth combined with tight access to debt capital may limit transaction activity. Various key operating metrics have weakened for four consecutive quarters, and we believe that a lower multiple is appropriate at this time.

Latest Posts on the Zacks Analyst Blog:

Wireless Symposium Next Week

Next week the Wireless Enterprise Symposium will be held in Orlando/>, Florida/>/>. At this event last year, Research In Motion, Inc. (RIMM - Analyst Report) introduced a number of products, and we expect some will be introduced this year. Trade sources suggest that there will be several software enhancements for the Blackberry and more details of its recently introduced Blackberry App World.

The penetration of Apple, Inc. (AAPL - Analyst Report) into the corporate market has been hindered by device security concerns (which may also be a concern with the new Palm, Inc. [PALM - Snapshot Report] operating system) and this may be addressed by RIM at this conference. 

Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.

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 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. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2677.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which 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.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contacts:

Mark Vickery

312-265-9380

Visit: www.zacks.com

Email

Print

Share

RSS

Rate Pos

Rate Neg

Comment
Read/Post Comments (0) | Recommended this article (1)
 Posting Comment...
There was a problem posting this this comment. Please try back later.
[CLICK TO CLOSE X]
Comments (Limit 1000 Characters - Used: 0)
Display Name: Email Address:  
 Loading Comments...
Be the first to comment on this article!
Best Stocks. Best Insight. Join Now...it's FREE!
Over 550,000 investors look forward to the timely insights in our email newsletter; Zacks Profit from the Pros. In each daily issue you will find:
  • Free  Four Zacks #1 Rank "Strong Buy" Stocks
  • Free  Timely Market Commentary
  • Free  Wealth Management Tips
  • Free  Profitable Strategy Screens
  • Free  Bull and Bear Stocks of the Day
Zacks FREE Registration

More Zacks Resources

Market Summary Nov 26, 2009 09:35 am ET
DJIA 10464.4  30.69 0.29%
NASD 2176.05  6.87 0.32%
S&P 500 1110.63  4.98 0.45%
Sponsored Links