Zacks Bull and Bear of the Day Highlights: Hanesbrands Inc., Syneron Medical, Ltd., General Motors Corp., American Axle & Manufacturing and Lear.

For Immediate Release

Chicago, IL – June 2, 2009 – Zacks Equity Research highlights Hanesbrands Inc. (HBI - Analyst Report) as the Bull of the Day and Syneron Medical, Ltd. (ELOS - Snapshot Report) the Bear of the Day. In addition, Zacks Equity Research provides analysis on General Motors Corp. (GM), American Axle & Manufacturing (AXL - Analyst Report) and Lear (LEA).

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:

Headquartered in Winston-Salem, NC, Hanesbrands Inc. (HBI - Analyst Report) is a manufacturer and marketer of innerwear, outerwear, and hosiery apparel, which are sold under the brand names of Hanes, Champion, Playtex, Bali, Just My Size, Barely There, L eggs, Outer Banks, and Wonderbra.

Management's business model requires only modest sales growth to create substantial EPS growth. Earnings are being driven by brand building and cost-reduction initiatives. Since the spin-off in September 2006, the company has reduced debt by $511 million, lowering interest expense from the post spin-off financial structure.

However, management is reporting non-GAAP EPS, which excludes unusual actions, which may be distorting perceived earnings. The Buy rating is maintained due to valuation.

Bear of the Day:

Syneron Medical, Ltd. (ELOS - Snapshot Report) competes in the very competitive aesthetic devices market. With more than half of its sales derived from the United States, a weak economic outlook leads us to believe that sales growth will slow. As a result, we have reduced our revenue and EPS estimates.

Given the largely discretionary nature of the aesthetics laser business, the outlook could weaken further given current trends in the global economy. We are reducing out target price and recommending a Sell rating for this stock.

Latest Posts on the Zacks Analyst Blog:

GM Files for Bankruptcy

General Motors Corp. (GM) will move forward with four core brands -- Chevrolet, Cadillac, Buick and GMC. The company plans to cut 21,000 employees, about 34 percent of its work force, and reduce the number of dealers by 2,600. We think this is needed and will be good for the company in the long term (and we have been calling for it for some time).

There will be volume weakness in the near term because of this. American Axle & Manufacturing (AXL - Analyst Report) and Lear (LEA) are key companies that are negatively impacted.

As a side-note, we upgraded the auto industry from underweight to neutral on Friday, and believe that the worst has now hit the auto industry. The stocks should track the market from this point forward.

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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.

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