Zacks Bull and Bear of the Day Highlights: Omega Protein, On Assignment, Dell, Hewlett-Packard and Apple

Zacks Bull and Bear of the Day Highlights: Omega Protein, On Assignment, Dell,
                          Hewlett-Packard and Apple

PR Newswire

CHICAGO, April 11, 2013

CHICAGO, April 11, 2013 /PRNewswire/ --Zacks Equity Research highlights Omega
Protein (NYSE:OME) as the Bull of the Day and On Assignment (NYSE:ASGN) as the
Bear of the Day. In addition, Zacks Equity Research provides analysis on Dell
(Nasdaq:DELL), Hewlett-Packard (NYSE:HPQ) and Apple Inc. (Nasdaq:AAPL).


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

Omega Protein (NYSE:OME) is getting some new interest from analysts and they
are bulking up their estimated earnings. Today, it's the this Zacks Rank #2
(Buy) stock is the Bull of the Day.

When I look the earnings history, I see the company has not had an easy go of
it. They have missed in all but one of the last six quarters. That is not the
type of thing you want to see, but a change at the top inspired analysts to
raises estimates. It was shortly after that change took place that the company
reported a positive earnings surprise and saw its Zacks Rank increase from #3
(Hold) to a #2 (Buy).

The jolt to the earnings picture is probably just beginning to be understood.
The Zacks Consensus Estimate for 2013 moved from $0.56 to $0.74 more or less
overnight. The movement was not limited to 2013, so it was not a one-time
event. 2014 estimates moved from $0.68 to $0.92. This could be the start of
several consecutive earnings estimate increases, which will increase the Zacks
Rank for the stock and most likely lead to higher share prices.

Omega Protein is a nutritional ingredient company focusing on the production
of Omega-3 fish oil and specialty fish meal products. Omega Protein
Corporation was founded in 1913 and is based in Houston, Texas.

Bear of the Day:

On Assignment (NYSE:ASGN) is feeling the impact of a bad jobs number coming
after an earnings miss. Today, it's the this Zacks Rank #5 (Strong Sell) stock
is the Bear of the Day.

Over the last several quarters, ASGN has been a very reliable company. They
beat the Zacks Consensus Estimate in five of the last six quarters. The most
recent quarter will be discussed below, but let's just say that the stock
dropped 11.5% in the session following the report.

After estimates had held still for some time at $1.23, they moved lower after
the earnings miss. The 2013 Zacks Consensus Estimate moved to $1.06. At the
same time, estimates for 2014 have also come down from $1.43 to $1.31.

On Assignment is a staffing company for higher end jobs. The company recently
noted that it was selling its nursing business line, and that was the major
reason for estimates turning lower.

Latest Posts on the Zacks Analyst Blog:

Dell Downgraded to Strong Sell

Dell (Nasdaq:DELL) has witnessed some downward estimate revisions after
posting mediocre fourth-quarter 2013 results. The company had decided to go
private to save itself from public and legal scrutiny which was affecting its
profitability. Moreover, due to the impending recession in Europe, the company
is not able to generate much business from that region.

On Feb 20, 2013, Dell reported weak fourth-quarter results with revenues and
margins taking a big hit. Revenues across the entire business declined over
the past year.

The major challenge at the moment is the cannibalization of its PC/notebook
business. Moreover, the company is up against cutthroat competition from
Hewlett-Packard (NYSE:HPQ) and Apple Inc. (Nasdaq:AAPL), as well as a
restricted spending environment. The competition faced by the company in the
SMB and server segments is also a concern.

Moreover, Dell's Small & Medium Business (SMB) has not been doing so well in
the last few quarters. This segment was down 5.0% in the fourth quarter,
mainly attributed to the reduction in the order renewal rate by the SMB client
as economic conditions have prompted conservative spending by customers, so
they are either deferring their purchases or looking for cheaper alternatives.

Although privatization might have helped Dell move away from public scrutiny,
the go-shop period raised new problems for founder Michael Dell. It now
appears that the privatization could be delayed because of the interest shown
by other parties.

The Zacks Consensus Estimate for 2014 decreased 5.7% to $1.65 per share over
the last 60 days. For 2013, most of the estimates were lowered in the last 60
days, which pulled down the Zacks Consensus Estimate by 5.7% to $1.57 per
share. Over the last 90 days, estimates for 2014 and 2015 dropped 6.4% and
1.8%, respectively.

Get the full analysis of all these stocks by going to

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