Zacks Bull and Bear of the Day Highlights: Heartware International, Jive
Software, JPMorgan Chase, American International Group and Bank of America
CHICAGO, May 21, 2013
CHICAGO, May 21, 2013 /PRNewswire/ -- Zacks Equity Research highlights
Heartware International (Nasdaq:HTWR) as the Bull of the Day and Jive Software
(Nasdaq:JIVE) as the Bear of the Day. In addition, Zacks Equity Research
provides analysis on JPMorgan Chase & Co. (NYSE:JPM), American International
Group, Inc. (NYSE:AIG) and Bank of America Corporation (NYSE:BAC).
Full analysis of all these stocks is available at
Here is a synopsis of all five stocks:
Bull of the Day:
Heartware International (Nasdaq:HTWR) Has seen analysts pump their estimates
higher, giving love to this medical device company love and not heartache. As
a Zacks Rank #2 (Buy), it is the Bull of the Day.
Heart failure is a degenerative, terminal disease affecting more than 20
million patients worldwide and causing more than 7.25 million deaths each
year. Approximately 1 million patients suffer from Class IV heart failure, the
most severe stage of the disease. Heart transplantation is a proven treatment
option for Class IV heart failure patients, but a limited number of donor
hearts become available each year.
HeartWare International Inc. is a global medical device company dedicated to
delivering safe, high-performing and transformative therapies that enable
patients with heart failure to get back to life. The company's innovative
technologies are creating advances in the miniaturization of Ventricular
Assist Devices (VADs) leading to less invasive surgical procedures and
increasing the patient population who may be suitable for VAD therapy.
Dating back to the December 2012 quarter, Heartware has beaten the Zacks
Consensus Estimate in two consecutive quarters. The December 2012 quarter saw
the company post a positive earnings surprise of 10.4%. The following quarter
saw an even larger surprise of 24.35%. The increases in the beats means that
the company is outperforming the increased expectations creating some solid
Bear of the Day:
Jive Software (Nasdaq:JIVE) isn't jiving with analysts as they see earnings to
continue to move lower. As a Zacks Rank #4 (Sell), it is the Bull of the Day.
Jive is looking to get businesses use their software to increase
collaboration, content movement and enterprise portals / intranets. Jive's
mission is to change the way work gets done, but with nearly 1 billion
Facebook users, 175M LinkedIn members and about 400 million tweets a day, are
they late to the game?
Jive Software, Inc. provides a social business software platform to
businesses, government agencies, and other enterprises. Its Jive Engage
Platform enables collaboration across two principal communities and employees
within the enterprise, and customers and partners outside the enterprise. The
company's Jive Engage Platform is used as a communications tool and
collaborative workspace that supports and enhances knowledge sharing,
facilitates communication within and across organizational boundaries, and
enables individuals to work together to achieve common business goals.
Dating back to the December 2011 quarter, which was the last time that the
company posted a positive earnings surprise. Of the five quarters since that
time, there have been two meets and 3 negative earnings surprises.
Latest Posts on the Zacks Analyst Blog:
JPMorgan to Face Dexia Lawsuit Again
The U.S. District Judge Jed Rakoff has revoked his earlier order to dismiss a
major portion of the lawsuit filed by Brussels based Dexia N.V./S.A against
JPMorgan Chase & Co. (NYSE:JPM). The lawsuit accused JPMorgan of deliberately
selling risky mortgage-backed securities (MBS) worth $1.6 billion to Dexia
during the housing boom prior to the 2008 financial meltdown.
In justifying the revival of the lawsuit, Rakoff stated that he lacked any
jurisdiction under the Edge Act to dismiss the case. Further, citing the
ruling of 2nd U.S. Circuit Court of Appeals in New York for American
International Group, Inc.'s (NYSE:AIG) lawsuit against Bank of America
Corporation (NYSE:BAC), Rakoff decided to reverse his decision for the
Now, the trial will resurface in the New York state court, where it began in
Jan 2012, when Dexia sued JPMorgan along with its affiliates – The Bear
Stearns Companies, Inc and Washington Mutual, Inc. According to the subsidiary
of Dexia – FSA Asset Management LLC – the accused clearly knew of the risks
associated with the mortgage securities. However, JPMorgan allegedly sold
massive quantities of these securities to Dexia to reduce its own exposure.
The Dexia lawsuit attracted media attention after a series of emails were
discovered suggesting JPMorgan's sale of massive quantities of these
securities, while being aware of the associated risks.
In Apr 2013, Rakoff had allowed Dexia to proceed with only 5 claims, while
dismissing nearly 60 claims. This significantly slashed the potential legal
settlement to $5.7 million from $774 million.
Get the full analysis of all these stocks by going to
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