The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, Sanofi, AbbVie, Celgene and Telus

   The Zacks Analyst Blog Highlights: Bristol-Myers Squibb, Sanofi, AbbVie,
                              Celgene and Telus

PR Newswire

CHICAGO, May 7, 2013

CHICAGO, May 7, 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 Bristol-Myers Squibb Company
(NYSE:BMY), Sanofi (NYSE:SNY), AbbVie (NYSE:ABBV), Celgene Corporation
(Nasdaq:CELG) and Telus Corporation (NYSE:TU).

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Here are highlights from Monday's Analyst Blog:

Good News for Bristol-Myers

Bristol-Myers Squibb Company (NYSE:BMY) recently received positive news from
the US Food and Drug Administration (FDA) when the US regulatory authority
approved the pharma major's HIV drug Sustiva for treating children between
three months and three years. The body weight of the children should not
exceed 3.5 kilograms.

The approval provides a once-daily option as part of a regimen for HIV
infected children between three months and three years. Moreover, the "capsule
sprinkle" administration procedure is beneficial for children who cannot
swallow capsules or tablets.

We note that Sustiva is already approved for treating HIV infected patients
aged three years and above and weighing not less than 10 kilograms. The FDA
decision has expanded the patient population for Sustiva. This will boost the
drug's sales potential.

The FDA decided to expand the patient population for Sustiva on the basis of
data from three open-label studies, which evaluated the pharmacokinetics,
safety and antiretroviral activity of the drug combined with other
antiretroviral agents in 182 antiretroviral-naïve and – experienced patients
infected with HIV. The studies evaluated patients aged between three months
and 21 years for a median of 123 weeks.

The FDA's decision to broaden Sustiva's target population is encouraging for
Bristol-Myers, which has entered a challenging phase following the
genericization of Plavix. Plavix, co-developed with Sanofi (NYSE:SNY), went
off patent in the US in May 2012. The drug's genericization has resulted in
the loss of significant revenues for Bristol-Myers.

Bristol-Myers is looking to combat the challenges confronting it through
partnering deals and acquisitions and introducing new products to augment its
product portfolio.

Bristol-Myers, a large cap pharma stock, carries a Zacks Rank # 3 (Hold).
AbbVie (NYSE:ABBV) appears to be more favorably placed in the large cap pharma
space with a Zacks Rank # 2 (Buy). Meanwhile, Celgene Corporation
(Nasdaq:CELG) too carries a Zacks Rank #2.

Telus Likely to Top Earnings

We expect Canada-based Telus Corporation (NYSE:TU), to beat expectations when
it reports its first-quarter 2013 results on May 9, 2013.

Why a Likely Positive Surprise?

Our proven model shows that Telus is likely to beat earnings because it has
the right combination of two key ingredients.Positive Zacks ESP

: Expected Surprise Prediction or ESP (Read: Zacks Earnings ESP: A Better
Method), which represents the difference between the Most Accurate estimate
and the Zacks Consensus Estimate, is +3.77%. This is a meaningful and leading
indicator of a likely positive earnings surprise.

Zacks Rank #3 (Hold): Telus currently has a Zacks Rank #3. Note that the
stocks with a Zacks Rank #1 (Strong Buy), 2 (Buy) and 3 (Hold) have a
significantly higher chance of beating the earnings.

The combination of Telus's Zacks Rank #3 (Hold) and +3.77% ESP makes us
confident of a positive earnings beat on May 9, 2013.

What is Driving the Better-Than-Expected Earnings?

Telus' ongoing investment in the expansion of its fiber optic network provides
compelling home entertainment services in the Western Canadian market. The
company continues to add new features as well as upgrading the existing
features of its popular Optik TV and Optik High Speed Internet broadband
services that are gaining strong traction across the Canadian region.

The company is providing 4G LTE networks with the popular smartphones, which
resulted in solid growth in its post-paid divisions.

However, Telus remains challenged by the weak Canadian economy and domestic
competition, which is expected to intensify with the entry of new wireless
players. Moreover, higher burden of subsidy cost associated with smartphones
coupled with lack of spectrum will continue to impede the company's growth
opportunities.

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