Zacks Bull and Bear of the Day Highlights: Haverty Furniture, Silver Wheaton, Duke Realty, Jones Lang LaSalle and General

Zacks Bull and Bear of the Day Highlights: Haverty Furniture, Silver Wheaton,
             Duke Realty, Jones Lang LaSalle and General Electric

PR Newswire

CHICAGO, May 20, 2013

CHICAGO, May 20, 2013 /PRNewswire/ --Zacks Equity Research highlights Haverty
Furniture Companies, Inc. (NYSE:HVT) as the Bull of the Day and Silver Wheaton
Corporation (NYSE:SLW) as the Bear of the Day. In addition, Zacks Equity
Research provides analysis on Duke Realty Corporation (NYSE:DRE), Jones Lang
LaSalle (NYSE:JLL) and General Electric Company (NYSE:GE).


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

What do you do when you buy a new house or condo? Buy furniture, of course.
Suddenly, that old sectional with the dog hair stuck to the pillows isn't
looking so hot.

Haverty Furniture Companies, Inc. (NYSE:HVT) is looking to cash in on the
housing recovery. This Zacks Rank #1 (Strong Buy) is expected to grow earnings
by 63% in 2013.

Havertys has seen it all. The company was founded in 1885 in Atlanta and used
to make deliveries in horse and buggy. It now has showrooms in 16 Southern and
Midwest states. Havertys went public in 1929 during dark economic times, but
it has survived each of the big economic shocks.

The impact of the recent housing bust is obvious in Havertys multi-year
earnings history. Earnings plunged 88.7% in 2007 to just 8 cents before the
rest of the country went into recession and took Haverty's even lower.

The company didn't make money in either 2008 or 2009. Even 2010 and 2011 were
still a struggle. But in 2012, the turnaround in the housing market, and the
consumer, began to take hold. Havertys made 67 cents that year and it has seen
rising earnings ever since.

Bear of the Day:

With gold and silver prices falling off a cliff in 2013, it's not surprising
that earnings estimates are being cut for the miners. Silver Wheaton
Corporation (NYSE:SLW), one of the largest streaming metals companies in the
world, is no exception. 10 earnings estimates for 2013 have been cut in the
last 2 months, sending the consensus plunging for the year.

Silver Wheaton is not a mining company but streams the precious metals. That
means it enters agreements where it has the right to purchase all or part of
the gold or silver production from mines around the world.

The payment is up front, which means its costs are mainly fixed. It doesn't
actually do the exploration or have to deal with employee issues like union
contracts. It looks for politically stable regions.

Based upon current agreements, the company has forecast 2013 production of
33.5 million silver equivalent ounces and 145,000 ounces of gold. Silver
Wheaton expects to grow production to 53 million silver equivalent and 180,000
ounces of gold by 2017.

It doesn't hedge its gold or silver production.

Latest Posts on the Zacks Analyst Blog:

Duke Realty CFO Resigns, Joins Jones Lang

The office and industrial real estate investment trust (REIT) –Duke Realty
Corporation (NYSE:DRE) – announced the decision of its Chief Financial Officer
(CFO), Christie B. Kelly to quit her post, with effect from May 17, 2013.
Consequently, the company declared Mark A. Denien as her replacement.

Kelly is parting with Duke Realty to join Jones Lang LaSalle (NYSE:JLL) –
another REIT – as the CFO, with effect from Jul 1, 2013. Kelly will replace
the company's previous CFO, Lauralee Martin.

Mark A. Denien, who is currently serving Duke Realty as Senior Vice President
(VP) and Chief Accounting Officer, joined the company in 2005. Prior to
joining Duke Realty, Denien worked at KMPG for 16 years, overseeing the real
estate practices.

With his vast know-how and expertise in the real estate industry, Denien can
be easily regarded as a veteran of the sector. We expect the company's
successful trajectory to gain further upside from his expert guidance in the
new post.

On the other hand, Jones Lang's management is confident in its appointment of
Kelly, considering her exhaustive proficiency in the real estate domain. They
expect Kelly's financial and operational skills as well as international
experience to boost bottom-line growth and thus benefit the company's clients
and shareholder value.

Notably, Kelly held various executive positions at several top companies in
her over 25-year career. On previous occasions, she had served Lehman Brothers
as Senior VP, Global Real Estate. She also spent a large part of her career at
General Electric Company (NYSE:GE), holding numerous domestic and global
leadership roles.

Get the full analysis of all these stocks by going to

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