Zacks Bull and Bear of the Day Highlights: Avery Dennison, Progressive Waste Solutions, International Game Technology, Facebook and Apple PR Newswire CHICAGO, Feb. 27, 2013 CHICAGO, Feb. 27, 2013 /PRNewswire/ --Zacks Equity Research highlights Avery Dennison Corporation (NYSE:AVY) as the Bull of the Day and Progressive Waste Solutions Ltd. (NYSE:BIN) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on International Game Technology (NYSE:IGT), Facebook (Nasdaq:FB) and Apple (Nasdaq:AAPL). (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: Avery Dennison Corporation (NYSE:AVY) completed a triple play in the fourth quarter: a positive earnings surprise, a positive sales surprise, and strong management guidance. This prompted analysts to revise their estimates higher for both 2013 and 2014, sending the stock to a Zacks Rank #1 (Strong Buy) stock. Although shares have risen more than 10% off the strong quarter, valuations still look very reasonable. So shares of Avery Dennison have plenty of room to continue marching higher. Avery Dennison manufactures labeling and packaging materials for a wide variety of industries around the globe. It reports its results in three segments: oPressure-Sensitive Materials: 71% of total sales oRetail Branding & Information Solutions: 25% oOther Specialty Converting Businesses: 4% Bear of the Day: Progressive Waste Solutions Ltd. (NYSE:BIN) reported a fourth quarter earnings miss, and management provided weak guidance for 2013. This prompted analysts to revise their estimates lower for both 2013 and 2014, sending the stock to a Zacks Rank #5 (Strong Sell) stock. Although shares have sold off a bit after the report, valuations still do not look cheap. Progressive Waste Solutions is a full-service waste management company that provides non-hazardous solid waste collection, recycling and disposal services to commercial, industrial, municipal and residential customers in 13 U.S. states and the District of Columbia and six Canadian provinces. It is headquartered in Vaughan, Canada and has a market cap of $2.4 billion. Progressive Waste Solutions reported its Q4 results on February 14. Earnings per share came in at 24 cents, missing the Zacks Consensus Estimate by 8%. This marked the company's third earnings miss in the last four quarters. EPS was also 25% lower than in the same quarter in 2011. Latest Posts on the Zacks Analyst Blog: IGT Signs New Cloud Deal International Game Technology (NYSE:IGT)recently entered into an agreement with Uruguay-based Rivera Casino Group to install IGT cloud at two casino sites. The partnership will allow Rivera to offer IGT's cloud-based gaming solutions to its Manteo S.A. Rivera Casino & Resort as well as Sarandi Slots customers. Deploying IGT Cloud in casino properties will not only give Rivera access to IGT's vast gaming library but also help to optimize its casino operations by using IGT's different casino management solutions and sbX analytics. The Rivera contract is IGT's second win in Uruguay in consecutive months. Earlier in January, IGT agreed to install sbX casino management system at SALTO Hotel and Casino. IGT Cloud has been selected by a number of International casino providers such as the Rank Group and Olympic Entertainment over the last 12 months. The popularity of the Cloud in the casino gaming industry is encouraging as it is expected to improve IGT's top line going forward. IGT's gaming operations continue to suffer from sluggish macro-economic conditions in the domestic market. IGT is therefore looking for expansion opportunities in the International market. We believe that these customer wins will expand IGT's international penetration over the long term. The company is also gaining traction through its DoubleDown Casino, which has garnered significant attention from different land-based casino operators in the recent times. In January this year, IGT agreed to provide its entire online gaming portfolio to Belgian land-based casino operator Groupe Circus. IGT already has relationships with operators in the United Kingdom, Italy and Denmark and this partnership further extends IGT's presence in the European regulated online casino market. Moreover, in the domestic market, DoubleDown has secured deals from Bonanza Casino, Hard Rock Hotel and Casino and Jacobs Entertainment. These partnerships have helped DoubleDown to achieve significant customer base in the recent past. As per IGT, DoubleDown Casino continues to remain the #3 top-grossing app on Facebook (Nasdaq:FB), and also became the #6 top-grossing app on Apple's (Nasdaq:AAPL) iPad in the first quarter of 2013. Moreover, average revenue per daily active user also improved from 28 cents to 30 cents in the last quarter. 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. 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Zacks Bull and Bear of the Day Highlights: Avery Dennison, Progressive Waste Solutions, International Game Technology, Facebook
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