The Zacks Analyst Blog Highlights:Amazon.com, Apple, Google, Microsoft and Lennar

  The Zacks Analyst Blog Highlights:Amazon.com, Apple, Google, Microsoft and
                                    Lennar

PR Newswire

CHICAGO, March 19, 2013

CHICAGO, March 19, 2013 /PRNewswire/ --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 Amazon.com Inc. (Nasdaq:AMZN),
Apple Inc. (Nasdaq:AAPL), Google Inc. (Nasdaq:GOOG), Microsoft Corp.
(Nasdaq:MSFT) and Lennar Corporation (NYSE:LEN).

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

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 Monday's Analyst Blog:

Amazon's Kindle Fire HD to Cost Less

Amazon.com Inc. (Nasdaq:AMZN) slashed the price of Kindle Fire high-definition
(HD) 8.9 tablets in order to make the device more affordable and thrive in the
highly competitive environment. The online retailer also announced the
availability of its 8.9 inch Kindle Fire HD tablets across the U.K., Germany,
France, Italy, Spain and Japan.

The company stated that the WiFi version of the Kindle Fire HD 8.9 inch tablet
will now be available in the U.S. for $269 instead of $299 while the price of
the 4G version will come down to $399 from $499.

The Kindle Fire HD 8.9 inch is a large-screen version of Amazon's Kindle
tablet used for web browsing, email, gaming, watching TV shows, reading
magazines and more. It comes with dual band Wi-Fi connectivity and MIMO
technology that speeds up video streaming and downloading. The device also
includes an upgraded version of Immersion Reading that allows the user to hear
narration by a popular actor while reading a book.

The company entered the tablet market with the shipping of Kindle Fire in late
2011. The tablet market is getting more competitive by the day. Apple Inc.
(Nasdaq:AAPL) leads the race so far with record unit shipments of its iconic
iPad but Amazon's lower-priced Kindle Fire has also seen very strong demand.
Other players like Google Inc. (Nasdaq:GOOG) and Microsoft Corp. (Nasdaq:MSFT)
have also stepped in to grab a share of the pie.

Though Amazon's unit sales are far behind Apple's iPad and Samsung Galaxy
tablets, we believe that the lower rates will definitely create a price war in
the tablet market and will continue to pressure the high-volume Android OEMs
like Samsung, ASUS and even Google.

We view Amazon's expansion into the tablet market as a defensive move,
designed to protect its leading share of the e-reader market and maintain
sales of books and other digital products through the Kindle platform. Even if
Amazon does not make big money from tablets, it will increase the number of
customers buying both physical and digital products from the company, such as
movies, music, games and apps, thus increasing its revenues.

At the same time, we think there is a certain amount of uncertainty regarding
Amazon's investment plans, which could continue over the next few quarters.
While it is true that these investments are going to drive the next phase of
its growth, near-term earnings will remain under pressure.

Amazon currently retains a Zacks Rank #3 (Hold).

Earnings Preview: Lennar Corp.

Lennar Corporation (NYSE:LEN) is set to report its first quarter 2013 results
on Mar 20 before the market opens. Last quarter it posted a 30.23% positive
surprise. Let's see how things are shaping up for this announcement.

Growth Factors This Past Quarter

Lennar's fourth quarter earnings beat the Zacks Consensus Estimate and, the
year-ago figure on the back of double-digit growth in homebuilding revenues
and solid operating margins. Double-digit growth in revenues in the quarter
was driven by both pricing and volume growth in a stabilizing housing market.

However, the ever-rising cost of construction is a matter of concern for
Lennar. LEN has also been witnessing weak performance from the Rialto sector
since the past few quarters.

Earnings Whispers?

Lennar has witnessed solid year-over-year growth in new home orders, average
selling prices and home closings in all the quarters of 2012. Margins have
also been above average despite rising costs, driven by strong operating
leverage.

Lennar expects to continue to achieve further profitability in fiscal 2013,
despite expectations of higher input costs, on the back of rising home prices,
strong liquidity position, solid backlog position, strategic land acquisitions
and new community openings.

The backlog conversion ratio is expected to decline to around 75% in the first
quarter and thereafter improve to approximately 90% per quarter thereafter.
Gross margin is expected to be between 23% and 24% on an average in fiscal
2013 compared to 22.7% in 2012. 

The Zacks Consensus Estimate for the first quarter stands at 14 cents.
Estimates have seen a mixed movement after announcement of the fourth quarter
results. The Zacks consensus estimate for fiscal 2013 has moved up by 0.6% to
$1.58 over the past 90 days.

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

About Zacks

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.

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