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Zacks Analyst Blog Highlights: Visa, MasterCard, American Express, Capital One and Petrobras.

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May 21, 2009 |Comments: 0
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V | MA | AXP | COF | PBR

For Immediate Release

Chicago, IL – May 21, 2009 - 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: Visa (V), MasterCard (MA), American Express (AXP) and Capital One (COF) and Petrobras (PBR).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Wednesday’s Analyst Blog:

Credit Card Reform Passes Senate

On Tuesday May 19, 2009, the Senate overwhelmingly voted to curtail credit card rate increases and excessive fees, in an attempt to give consumers (i.e. voting constituents) some latitude amid the current recession. It appears all that is needed is to have the executive branch sign off on it.

If enacted into law, the players in the credit card industry -- such as, but not limited to, Visa (V), MasterCard (MA), American Express (AXP) and Capital One (COF) -- would have less than a year to make changes. These changes would include card lenders having to post their credit card agreements on the Internet, and permit all customers the ability pay their bills online or by phone without an added fee, rationalize over-the-limit fees and provide 45 days notice and an explanation before interest rates are increased.

Petrobras in Brazilian Politics

Petrobras (PBR) is now the target of a Congressional commission in Brazil (CPI) in order to investigate supposed mismanagement. The main allegations are that (i) there were above normal expenses in the refinery project in the State of Pernambuco, North East Brazil, and (ii) some questionable accounting practices adopted by Petrobras during 2008 made it possible for the company to save around BRL4 billion (US$1.95 billion) in taxes.

As we have been saying for quite some time, as a state owned company, Petrobras is always a target for a political fight and short-term electoral interests that have nothing to do with corporate matters. In the particular case of this Congressional commission, what is really under discussion are the 2010 presidential elections.

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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: 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 at http://at.zacks.com/?id=4580.

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.

Contact:
Mark Vickery
Web Content Editor
312-265-9380
Visit: www.zacks.com

Read the full analyst report on V

Read the full analyst report on MA

Read the full analyst report on AXP

Read the full analyst report on COF

Read the full analyst report on PBR

 
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