Zacks Bull and Bear of the Day Highlights: Xzeres, DryShips, DISH Network, Sprint Nextel and AT&T

  Zacks Bull and Bear of the Day Highlights: Xzeres, DryShips, DISH Network,
                            Sprint Nextel and AT&T

PR Newswire

CHICAGO, Dec. 28, 2012

CHICAGO, Dec. 28, 2012 /PRNewswire/ --Zacks Equity Research highlights Xzeres
Corp (OTC:XPWR) as the Bull of the Day and DryShips (Nasdaq:DRYS) as the Bear
of the Day. In addition, Zacks Equity Research provides analysis on DISH
Network Corp. (Nasdaq:DISH), Sprint Nextel Corp. (NYSE:S) and AT&T


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

Xzeres Corp (OTC:XPWR) was upgraded from Neutral to Outperform as quarterly
sequential revenue growth resumed last quarter. Third fiscal quarter results
are expected in mid-January.

XZERES is positioned to benefit from the growth of the small wind energy
industry. Access to capital through three separate financings over the last
eight months, at first stabilized, and then, grew the company s revenue base.

XPWR reported second quarter earnings of -$0.06 per share. Secondquarter
earnings were better than year ago earnings of -$0.09 per share. The Zacks
Estimate for the third quarter earnings is a loss of $0.05 per share, an
improvement from the previous quarter.

Bear of the Day:

DryShips (Nasdaq:DRYS) was recently downgraded from Neutral to Underperform.
The downgrade was based on current volatile conditions of the shipping

In the most recent quarter revenue improved on a year over year basis but
earnings per share swung from positive to negative. It was the third quarter
in a row the company reported a loss and two more quarters of losses are

The dry bulk shipping and oil tanker industry are facing severe challenges as
the vessel rate collapsed even below the rate during the recession. We believe
the sole reason for this dismal condition is the sheer increase of vessels
under operation that resulted in intense price competition.

We have a long term Underperform recommendation on the stock. Ourtarget price
of $1.50 is based on approximately 0.16x price to book metric.

Latest Posts on the Zacks Analyst Blog:

DISH Demands More Time from FCC

DISH Network Corp. (Nasdaq:DISH) – the second largest satellite TV operator in
the U.S. – plans to ask the Federal Communications Commissions (FCC) for more
time to file a petition against theSprint Nextel Corp. (NYSE:S) and Japan's
SoftBank Corp. deal, as the latter plans to takeover Sprint.

DISH Network's decision to oppose SoftBankCorp.'s proposal to buy Sprint's 70%
stake for $20.1 billion has come up as a result of Sprint's recent plan to
buyback Clearwire Corp. for $2.2 billion.

Earlier, in a report presented by the FCC and Citibank in 2010, Clearwire owed
134 MHz of spectrum belonging to 2.5 GHz band. So, the acquisition of
Clearwire will not only make Sprint (the third largest carrier in U.S.), the
largest Spectrum holder in the U.S. with 185 MHz of combined spectrum but will
also widen the gap with two top carriers – Verizon Wireless andAT&T
Inc.(NYSE:T) with 77 MHz and 83 MHz spectrum, respectively.

DISH Network – already holds 40 MHz of satellite spectrum and recently
received – the FCC nod – to utilize those unused spectrum to set up a wireless
network. Consequently, the company believes that Sprint's decision to acquire
full stake in Clearwire may not only give access to nearly 134 MHz of spectrum
but will also create a much dominant force in the wireless industry.

Moreover, if SoftBank becomes successful in acquiring Sprint, it will give
access to nearly 184 MHz of spectrum (51 MHz of Sprint and 134 MHz of
Clearwire), hence making a foreign company the largest holder of spectrum,
which is also not in the best interest of the country. However, Clearwire's
spectrums are less popular in U.S. market as it uses high frequency band while
most smartphone and tablets in the coutry uses low frequency band.

Similar instance took place when the FCC ruled out AT&T's plan to buyout
T-Mobile USA (a U.S. subsidiary of Germany-based Deutsche Telekom), which may
result in a monopoly if the deal materialized as AT&T will then become the
largest holder of spectrum in the country with nearly 125 MHz spectrum.

So, it is to be seen how the FCC deals with the situation whether to give its
approval to improve spectrum shortage crisis or to protect the U.S. wireless
market from foreign threats.

We maintain our long-term Neutral recommendation on DISH Network. Currently,
it has a short-term Zacks #3 Rank (Hold) on the stock.

Get the full analysis of all these stocks by going to

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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