Zacks Bull and Bear of the Day Highlights: Grupo Aeroportuario del Centro
Norte, Titan Machinery, Eli Lilly,Novo Nordisk and Bristol-Myers Squibb
CHICAGO, April 19, 2013
CHICAGO, April 19, 2013 /PRNewswire/ --Zacks Equity Research highlights Grupo
Aeroportuario del Centro Norte, S.A.B. de C.V. (Nasdaq:OMAB) as the Bull of
the Day and Titan Machinery Inc. (Nasdaq:TITN) as the Bear of the Day. In
addition, Zacks Equity Research provides analysis on Eli Lilly and Company
(NYSE:LLY), Novo Nordisk (NYSE:NVO) and Bristol-Myers Squibb (NYSE:BMY).
Full analysis of all these stocks is available at
Here is a synopsis of all five stocks:
Bull of the Day:
As the Mexican economy heats up, so will its transportation needs. Grupo
Aeroportuario del Centro Norte, S.A.B. de C.V., otherwise known as OMA
(Nasdaq:OMAB), is on the front lines of the expansion as it operates 13
airports in Mexico. This Zacks Rank #1 (Strong Buy) is expected to see double
digit earnings growth in both 2013 and 2014.
Most people only think of the airlines, truckers and railroads when they think
of transportation infrastructure. But Mexico also has three companies that run
the airports themselves.
OMA operates airports in the north and central regions of Mexico including the
important business center of Monterrey, which is Mexico's third largest metro
area. It also services key tourist destinations of Acapulco, Mazatlan and
Additionally, it operates a hotel and commercial center outside of Terminal 2
at the Mexico City airport.
With the Mexican economy growing around 4% in 2012, it's not surprising that
airport traffic was up for the year. OMA saw total revenue grow 14.7% in 2012.
Passenger growth jumped 7%.
Bear of the Day:
The record setting days for the big machinery sellers are over. Recently,
Titan Machinery Inc. (Nasdaq:TITN) missed the Zacks Consensus Estimate for its
fiscal fourth quarter by 20%.
The agriculture and construction equipment industry is facing a tough 2013.
Farmers are still recovering from last year's drought and the construction
segment, while improving, is only slowly coming off the mat. Fiscal 2014
estimates have been cut. Titan has fallen to a Zacks Rank #5 (Strong Sell).
Titan Machinery doesn't make the equipment, it simply sells it at 106
dealerships in the United States and 14 in Europe. It sells the CNH Brands,
which is owned by Fiat, including CaseIH, New Holland Agriculture, Case
Construction, New Holland Construction Kobelco and CNH Capital.
On Apr 10, Titan reported its fiscal fourth quarter results and missed the
Zacks Consensus by 18 cents. It was the third miss in the last four quarters.
Latest Posts on the Zacks Analyst Blog:
Positive Data on Lilly Diabetes Candidate
Eli Lilly and Company (NYSE:LLY) recently announced top-line data on its type
II diabetes candidate, dulaglutide. The company said that dulaglutide met its
primary endpoint in two phase III studies (AWARD-2 and AWARD-4) which are a
part of the AWARD program.
Dulaglutide is a glucagon-like peptide 1 (GLP-1) analog which is being
developed for the once-weekly treatment of type II diabetes.
Eli Lilly said that with dulaglutide (1.5 mg) meeting the primary efficacy
endpoint of non-inferiority to insulin glargine, superiority for lowering
HbA1c levels was also evaluated. Dulaglutide 1.5 mg achieved a statistically
superior reduction in HbA1c level compared to insulin glargine at 52 weeks in
type II diabetes patients on metformin and glimeperide (AWARD-2). Moreover,
results from AWARD-4 showed that dulaglutide 1.5 mg plus insulin lispro
demonstrated a statistically superior reduction in HbA1c levels compared to
insulin glargine plus insulin lispro at 26 weeks.
Gastrointestinal events were the most frequently reported adverse events. This
has been observed in other GLP-1 agonists as well.
We note that positive top-line results from the other three AWARD studies were
presented in Oct 2012. Results from the AWARD program will be used to support
dulaglutide regulatory filings, which are scheduled for this year.
While we are encouraged with the phase III data, we note that the GLP-1 market
is getting pretty crowded. While approved products include Novo Nordisk's
(NYSE:NVO) Victoza and Bristol-Myers Squibb's (NYSE:BMY) Bydureon and Byetta,
other big pharma companies also have GLP-1 candidates in late-stage
Eli Lilly currently holds a Zacks Rank #3 (Hold). The biggest near-term
challenge for Eli Lilly will be to replace the revenues that will be lost to
generic competition now that Zyprexa has lost US and EU exclusivity. The
generic threat will continue to pose challenges for Eli Lilly with Cymbalta
slated to lose patent protection in late 2013 and Evista in 2014. On the flip
side, the Animal Health business and the diabetes franchise should provide
some downside support. We are also pleased to see Eli Lilly pursuing small
acquisitions and in-licensing deals to boost its pipeline.
Get the full analysis of all these stocks by going to
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