This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
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 firstname.lastname@example.org or call 800-767-3771 ext. 9339.
For Immediate Release
Chicago, IL – July 26, 2012 – 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 Sears Holdings Corporation (SHLD - Analyst Report), Wal-Mart Stores Inc. (WMT - Analyst Report), Target Corporation (TGT - Analyst Report), Home Depot Inc. (HD - Analyst Report) and Garmin Ltd. (GRMN - Analyst Report).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Wednesday’s Analyst Blog:
Sears Launches New Women's Line
Keeping in mind the present day’s young women, who are both fashion conscious and career-oriented, broadline retailer, Sears Holdings Corporation (SHLD - Analyst Report), announced the launch of a new brand “Metaphor”. This brand will cater to the needs of the new generation women, who are looking for the latest in fashion at reasonable prices.
The new women’s line at Sears, scheduled to be in stores by August, will comprise of ready-to-wear apparel assortments at rational prices, complemented by fashion footwear and jewelry. Metaphor will offer stylish jackets, trousers, shirts and dresses that appeal to working woman of all shapes and sizes. The brand’s assortments provide wide choices for any occasions, ranging from everyday office wear to chic outfits for cocktail parties with friends and more.
The launch of a new fashion line focused on women is indicative of management’s strategy of making Sears a ‘one-stop shop’ for women by broadening its portfolio with fashionable and trend-right brands. Management believes Metaphor adds a refreshing look to Sears’ current offerings in the contemporary career category, providing beautiful clothes at affordable prices. The brand’s collection feature exclusively on all Sears’ stores in the U.S. as well as the company’s website, www.Sears.com.
Sears Holdings is one of the largest broad line retailers in the U.S. The company operates a strong network of over 4,000 full-line and specialty stores across the U.S. and Canada to compete effectively against rivals, such as Wal-Mart Stores Inc. (WMT - Analyst Report), Target Corporation (TGT - Analyst Report) and Home Depot Inc. (HD - Analyst Report). Furthermore, in order to attract more customer footfalls, the company is continuously taking prudent steps to improve its merchandise and realign its inventory with sales trend.
For quite a while now, Sears has been working to revamp its organizational structure and operating model in order to overcome its sluggish top-line performances and even weaker bottom-line results. Efforts paid off last quarter, when the company narrowed its loss per share to 31 cents from $1.34 in the prior-year period, faring better than the Zacks Consensus Estimate. The improved results were primarily driven by its ongoing cost reduction, inventory management, strengthening liquidity strategies and merchandise initiatives.
Going forward, Sears Holdings intends to shutter 100 to 120 Kmart and Sears full-line stores to trim down costs and generate cash. Further, the company expects to produce $140 to $170 million of cash from store closures through inventory clearance.
Sears Holdings currently has a Zacks #2 Rank, implying a short-term ‘Buy’ rating. The company retains a long-term Outperform recommendation.
Garmin's Affordable Radar
Garmin Ltd. (GRMN - Analyst Report), a worldwide provider of navigation, communications, and information devices, most of which are enabled by global positioning system (GPS) technology has launched a new affordable weather radar called GWX 70 for the general avionics market.
GWX 70 radar is better than its predecessors due to its enhanced range of readings, which coupled with real-time weather analysis in the cockpit makes it a reliable device in aircraft. The main enhancement is with respect to its ability to detect and warn against turbulence. This would therefore increase the safety and comfort of journeys.
The technology is not new -- it was earlier available on high-end commercial aircraft, personal and business jets. Garmin has changed all that, extending the technology to all kinds of aircraft that can easily fit the advanced weather radar.
The new radar device is an addition to Garmin’s product portfolio which already includes traffic advisory systems and traffic collision avoidance systems, terrain awareness and warning systems, instrument landing system (ILS) receivers, surveillance products, audio panels and cockpit datalink systems.
As per IBIS World, revenue for the Global Airlines industry is estimated to increase at a compounded annual growth rate (CAGR) of 2.8% from 2007-2012 to $633.0 billion. In addition, the Federal Aviation Administration (FAA) expects the number of commercial aircraft to grow from 7,096 in 2010 to 10,523 in 2031, an average annual growth rate of 1.9% or 163 aircraft annually.
Garmin is well positioned in the aviation market, although recessionary pressures have affected this business. But Garmin has continued with its product launches right through the year, including the GTN TM 650 and 750 series touchscreen-controlled integrated VHF navigation receiver, G1000H TM integrated glass flight deck system, aera® 795 and 796 touchscreen portable aviation navigation devices among others.
For the first quarter of fiscal 2012, revenue from the aviation segment was $73.0 million (13.0% of revenue), which was up 2.1% sequentially, and 5.4% year over year.
Currently, Garmin Ltd. has a Zacks Rank of #4, implying a short-term Sell recommendation.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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=5517
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT 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=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
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.
Zacks Investment Research
800-767-3771 ext. 9339
Please login to Zacks.com or register to post a comment.