Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- What is the Stock Market's Achilles Heel?
- 3 Dividend Stocks at Reasonable Prices
- RTI: Are You Doing the Elon Musk Trade?
- Buy These ETFs to Profit from "Sector Rotation"
- Oil & Gas Industry Stock Outlook - May 2013
- Uncharted Territory
- 4 Ways to Short Oil with ETFs
- Options Strategies & the Zacks Rank
- This Week's Growth & Income Stocks
- AWS 5/17: The Fed: The Only Game in Town
- PFP 5/17: The ONLY Investment Story
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 05/17/2013
| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING INC | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
Beginning next month, the third largest wireless carrier Sprint Nextel Corp. ( S - Analyst Report ) will offer the popular Apple Inc.’s ( AAPL - Analyst Report ) iPhone through its no-contract prepaid Virgin Mobile brand.
The move will make Sprint the second carrier to offer prepaid iPhones after Leap Wireless International Inc. ( LEAP - Analyst Report ) . Leap is expected to offer iPhone from June 22 on a prepaid basis through its Cricket brand.
Leap’s Cricket will offer iPhone 4S for $499 and iPhone 4 for $399 with a prepaid service monthly plan of $55. The iPhone 4S has data storage capacity of 16 GB while iPhone 4 can store up to 8GB of data. Cricket will throttle the speed if data usage exceeds 2.3 GB per month.
Sprint has not yet disclosed its pricing plans for iPhones. Currently, Virgin Mobile provides unlimited data for $35 per month and throttles the speed after 2.5 GB of data usage. In addition, Sprint offers iPhone 4 for $99.99 and iPhone 4S for $199.99, much lower than Leap’s price.
Further, Cricket covers a small market, say about 20% of the populace, while Virgin Mobile has a nationwide footprint. We believe prepaid iPhone from Sprint would be widely adopted as compared to Leap’s Cricket brand. Also, the prepaid offering will help Sprint to fulfill its promise of paying $15.5 billion to Apple over the next four years. The company has to pay 40% more subsidies on iPhones than other smartphones. This equates to more than $200 per device.
Sprint’s prepaid wireless service is considered the major growth arena as contract (post-paid) customers are dwindling. Sprint added 489,000 prepaid users while lost 192,000 post-paid customers in the first quarter. Multi-brands like Boost Mobile, Assurance Wireless and Virgin Mobile, as well as innovative offers like $50 Monthly Unlimited plan with Shrinkage, Beyond Talk and Broadband2Go are contributing significantly to the company’s prepaid subscriber growth.
Additionally, Sprint plans to launch WiMAX service on a prepaid basis for both Virgin Mobile and Boost Mobile later this quarter. These expansions will provide Sprint a competitive edge over prepaid wireless carriers such as Leap, MetroPCS Communications Inc. ( ) , America Movil S.A.B. de C.V. ( AMX - Analyst Report ) , AT&T Inc. ( T - Analyst Report ) and Verzion Communications Inc. ( VZ - Analyst Report ) .
We are maintaining our long-term Neutral recommendation on Sprint. For the short term (1–3 months), the stock retains a Zacks #3 (Hold) Rank.
Read the full Analyst Report on T
Read the full Analyst Report on S
Read the full Analyst Report on AAPL
Read the full Analyst Report on AMX
Read the full Analyst Report on VZ
Read the full Analyst Report on LEAP