Zacks Bull and Bear of the Day Highlights: CoreLogic, Bebe Stores, Plains All American Pipeline, Devon Energy and Chesapeake

Zacks Bull and Bear of the Day Highlights: CoreLogic, Bebe Stores, Plains All
            American Pipeline, Devon Energy and Chesapeake Energy

PR Newswire

CHICAGO, Feb. 11, 2013

CHICAGO, Feb. 11, 2013 /PRNewswire/ --Zacks Equity Research highlights
CoreLogic (NYSE:CLGX) as the Bull of the Day and Bebe Stores (Nasdaq:BEBE) as
the Bear of the Day. In addition, Zacks Equity Research provides analysis on
Plains All American Pipeline, L.P. (NYSE:PAA), Devon Energy Corporation
(NYSE:DVN) and Chesapeake Energy Corporation (NYSE:CHK).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Full analysis of all these stocks is available at
http://at.zacks.com/?id=2678.

Here is a synopsis of all five stocks:

Bull of the Day:

On January 31, CoreLogic (NYSE:CLGX) updated its financial guidance for 2012.
The company now expects stronger results for 2012 (expected at the top of its
previous guidance range) as a result of higher origination volumes,
acceleration in data and analytics revenue growth and cost reduction programs
as well as share repurchases.

CoreLogic also provided its initial guidance for 2013. The company expects
earnings of $1.65 to $1.75 per share for 2013, implying a growth of 10-17%. .
The results will be released on February 21, 2013.

Zacks consensus estimate now calls for earnings of $0.32 per share in the
previous quarter and $0.43 per share in the current quarter. Further, Zacks
Industry rank also looks attractive currently—70 out of 265.

In November, S&P had upgraded its outlook on CoreLogic from positive to
stable. The upgrade was a result of expectation that the company will be able
to maintain earnings stability through origination cycles and its moderate
financial policies. The rating agency further stated that CoreLogic's
leadership position in mortgage processing markets and focus on reducing costs
will support consistent profitability,

Bear of the Day:

Bebe Stores (Nasdaq:BEBE) designs, develops and produces a distinctive line of
contemporary women's apparel and accessories. They market their products under
the bebe, BEBE SPORT, bbsp and 2b brand names through their retail stores
located in the United States, Canada and internationally licensed stores.

Bebe reported its results for the second quarter ended December 29, 2012 on
January 31, 2012. The quarter resulted in a loss of $4.8 million, or $0.06 per
share compared with a profit of $6.5 million, or $0.08 per share in the second
quarter of prior fiscal.

Gross margin also declined from 33.9% of net sales compared with 40.1% from
the year-ago quarter, as a result of increase in mark downs and unfavorable
occupancy leverage. The consensus expectation was for a loss of $0.01 per
share.

The company expects the finished goods inventory to increase, which coupled
with rising SG&A expenses (39.4% for the reported quarter compared with 32.8%
for the prior-year quarter) will put further pressure on margins.

Latest Posts on the Zacks Analyst Blog:

Plains All American Expands Pipeline

Plains All American Pipeline, L.P. (NYSE:PAA) is expanding its existing
Mississippian Lime Pipeline, stretching from Coldwater in Comanche County ,
Kansas to Byron in Alfalfa County , Oklahoma . This project is expected to be
online in the fourth quarter of 2013.

This 55-mile pipeline project will enable Plains All American to transport
roughly 75,000 barrels of oil per day (Bbls/d). The partnership is installing
this pipeline to transfer crude oil from the Mississippian Lime pipeline to
its terminal in Cushing , Oklahoma .

In Feb 2012, Plains All American had started the construction of its 170-mile
Mississippian Lime Pipeline. This pipeline, in combination with earlier
announced Medford-to-Cushing pipeline renovation, is expected to supply
approximately 175,000 Bbls/d of crude oil to Cushing. This project is expected
to be brought into service in the middle of 2013.

High resource potential in the Mississippian oil play has attracted big oil
and gas operators. Plains All American was also lured. This factor along with
growing production propels the partnership to deploy additional $150 million
in 2013 for the expansion of its Mississippian Lime Pipeline. Other operators
including Devon Energy Corporation (NYSE:DVN) and Chesapeake Energy
Corporation (NYSE:CHK) have strong acreage in this region.

Fourth-quarter 2012 Earnings Recap

Plains All American announced its fourth-quarter and full-year 2012 results on
Feb 6. The partnership posted fourth-quarter 2012 pro forma earnings of $1.01
per unit, beating the Zacks Consensus Estimate by 32 cents. Quarterly earnings
were 23.2% higher than the year-ago figure. Its full-year 2012 earnings were
$3.35 per unit, surpassing the Zacks Consensus Estimate by 39.6%. The
full-year result was 27.9% higher than last year's earnings.

Get the full analysis of all these stocks by going to
http://at.zacks.com/?id=2649.

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.

About the Analyst Blog

Updated throughout every trading day, the Analyst Blog provides analysis from
Zacks Equity Research about the latest news and events impacting stocks and
the financial markets.

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 analyst 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 by visiting http://at.zacks.com/?id=7158.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed
in 1978 by Leonard 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=4582.

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.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

SOURCE Zacks Investment Research, Inc.

Website: http://www.zacks.com