Zacks Bull and Bear of the Day Highlights: Symantec, Freeport-McMoRan, Invesco, Franklin Resources and Legg Mason

    Zacks Bull and Bear of the Day Highlights: Symantec, Freeport-McMoRan,
                  Invesco, Franklin Resources and Legg Mason

PR Newswire

CHICAGO, March 13, 2013

CHICAGO, March 13, 2013 /PRNewswire/ --Zacks Equity Research highlights
Symantec (Nasdaq:SYMC) as the Bull of the Day and Freeport-McMoRan (NYSE:FCX)
as the Bear of the Day. In addition, Zacks Equity Research provides analysis
on Invesco Ltd. (NYSE:IVZ), Franklin Resources Inc. (NYSE:BEN) and Legg Mason
Inc. (NYSE:LM).


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

If you want exposure to the big trends in cyber-security, you might consider
owning the biggest "secret agent" in the business, Symantec (Nasdaq:SYMC).
This $17 billion provider of Internet security technology and software to
corporations, individuals, and governments has been the beneficiary this year
of rising earnings estimates and increased vigilance at the Federal level to
combat "cyber terrorism."

In just the last two months, the National Defense Authorization Act, which
includes several cybersecurity statutes, was signed into law, two independent
cybersecurity bills have been reintroduced to the U.S. Congress, and President
Obama signed an Executive Order aimed at improving national IT security,
specifically related to "critical infrastructure."

Several computer security names have outperformed the recent meager advances
of the tech-heavy Nasdaq, including Check Point Software and Palo Alto
Networks, which had its IPO last July.

But Symantec has been joined by Sourcefire and Fortinet in racking up 30%,
25%, and 20% gains, respectively, in the past 3 months.

Bear of the Day:

As gold continues to test the lower bounds of its 18-month support line above
$1500, the miners keep sliding down the shaft even faster.

Copper king Freeport-McMoRan (NYSE:FCX) is hardly immune, just because it is
the world's lowest-cost producer. That's because the industrial metal with a
PhD in economics isn't exactly predicting gangbuster global growth with its
consolidation around $3.50 per pound.

Freeport-McMoRan is engaged in mineral exploration and development, mining and
milling of copper, gold, and silver in Indonesia, North America, and the
smelting and refining of copper concentrates in Spain and Indonesia. It is one
of the world's largest producers of gold and copper.

Latest Posts on the Zacks Analyst Blog:

Invesco's AUM Shows Marginal Rise

Invesco Ltd. (NYSE:IVZ) recorded a marginal rise in its preliminary month-end
assets under management (AUM) for Feb 2013. The AUM for the month was $713.8
billion, up 0.2% from $712.6 billion at the end of Jan 2013.

Favorable market returns as well as hike in active long-term inflows were the
primary reasons for the rise. Yet, foreign exchange led to a $5.8 billion drop
in AUM. At the end of the month, Invesco's average assets stood at $708.0
billion, while the total value of average active assets was $588.4 billion.

In the month under review, Invesco's preliminary active AUM was recorded at
$593.0 billion, reflecting a 0.2% rise from $591.9 billion in the prior month.
Similarly, preliminary passive AUM was $120.8 billion, witnessing a marginal
0.1% increase from the earlier month level.

At the end of Feb 2013, Invesco's total equity AUM dipped 0.2% to $311.3
billion from $312.0 billion recorded at the end of Jan 2013. Also, alternative
AUM showed a slight decline of 0.2% from the prior month to $84.3 billion.

Nevertheless, Invesco's fixed income AUM inched up 0.3% to $174.8 billion from
$174.2 billion in the preceding month. Similarly, balanced assets summed up to
$66.8 billion, rising 1.7% from the previous month. Further, money market AUM
came in at $76.6 billion in the reported month, improving 0.5% from the prior
month's level.

Among other investment managers, Franklin Resources Inc. (NYSE:BEN) announced
preliminary AUM of $813.8 billion by its subsidiaries for Feb 2013, up 0.5%
from $809.8 billion as of Jan 31, 2013. Another investment manager, Legg Mason
Inc. (NYSE:LM) is expected to announce its Feb 2013 AUM later this week.

Invesco's broad diversification strategy positions it comfortably to benefit
from enhanced global investment flows. However, the unstable U.S. dollar,
volatile equity markets and a sluggish economic recovery, along with mounting
competition, make us apprehensive.

Get the full analysis of all these stocks by going to

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