Zacks Bull and Bear of the Day Highlights: Alleghany, Cablevision, CBS, Lions Gate Entertainment and JPMorgan Chase

Zacks Bull and Bear of the Day Highlights: Alleghany, Cablevision, CBS, Lions
                    Gate Entertainment and JPMorgan Chase

PR Newswire

CHICAGO, June 4, 2013

CHICAGO, June 4, 2013 /PRNewswire/ --Zacks Equity Research highlights
Alleghany Corp (NYSE:Y) as the Bull of the Day and Cablevision (NYSE:CVC) as
the Bear of the Day. In addition, Zacks Equity Research provides analysis on
CBS Corporation (NYSE:CBS), Lions Gate Entertainment Corp. (NYSE:LGF) and
JPMorgan Chase & Company (NYSE:JPM).


Full analysis of all these stocks is available at

Here is a synopsis of all five stocks:

Bull of the Day:

Rising estimates resulting from an excellent quarterly performance have sent
insurer Alleghany Corp (NYSE:Y) to Zacks #1 (Strong Buy) rank and it is the
Bull of the day.

Alleghany is a multi-line insurance company, engaged in the sale and
underwriting of title insurance and in other real estate-related services
businesses, through its subsidiaries Chicago Title and Trust Company, Chicago
Title Insurance Company, Security Union Title Insurance Company and Ticor
Title Insurance Company.

It also operates certain other financial services businesses, though its
subsidiary Alleghany Asset Management.

Alleghany reported its first quarter results on May 6, 2013. Stockholders'
equity per common share increased to $394.71 as of March 31, 2013, up 4.1%
from $379.13 at December 31, 2012. Pre-tax earnings for the quarter, before
merger-related items, came in at $265.0 million, up from pre-tax earnings,
before merger related items, of $181.8 million for the year-ago quarter.

Zacks consensus estimate for the current quarter has increased to $6.72 per
share from $5.80 per share 60 days ago and similarly, the estimate for the
current year has gone up to $28.50 per share from $23.15 per share.

Bear of the Day:

Cablevision's (NYSE:CVC) fifth-largest cable operator (by subscribers) is
currently going through a challenging time due to increased competition from
Verizon's FiOS internet and television services and online video streaming
services by many companies.

Further, sharp downward estimates revisions have resulted in a cloudy
near-term outlook for this Zacks Rank # 5 (Strong Sell) stock.

Cablevision Systems Corporation is one of the country's leading media and
telecommunications companies. They deliver cable, Internet, and voice
offerings throughout the New York area. Additionally, the company owns and
operates cable systems in four Western states.

The company announced its first quarter results on May 9, 2013. The quarter
resulted in a loss of 16.1 million, or $0.06 per share, compared with a profit
of $57.2 million, or $0.21 a share, in the year-ago quarter. Results were
substantially worse than the Zacks consensus estimate of $0.07 per share.

Latest Posts on the Zacks Analyst Blog:

CBS Obtains Rights to TV Guide Digital

CBS Corporation (NYSE:CBS) announced the acquisition of the remaining 50%
stake in TV Guide Digital, including the and TV Guide Mobile
properties from Lions Gate Entertainment Corp. (NYSE:LGF). However, TVGN Cable
Network will continue to operate as a joint venture between CBS and Lionsgate.

For quiet sometime now, CBS has been eyeing expansion opportunities in the
basic cable arena. In March, the company first acquired the 50% stake in TVGN
from JPMorgan Chase & Company's (NYSE:JPM) One Equity Partners.

The addition of to CBS' impressive portfolio is believed to be a
major boost for the latter's digital business as both and TV Guide
Mobile enjoy a strong audience in the lucrative TV information category.
Moreover, TVGN, which airs reruns of programs like "Who's The Boss," ''Ugly
Betty" and old movies, is now available in more than 80 million homes.

As per the agreement, and the TV Guide Mobile apps will be a part
of CBS Interactive's Technology, Games and Lifestyle group.

Alongside, CBS Corporation remains well positioned to drive growth in the
coming quarters through its strategic initiatives focused on increasing
subscription based revenue channels.

CBS remains optimistic and expects its growth momentum to continue in 2013
based on reverse compensation from affiliates, strong demand of its content,
digital distribution, syndication sales and retransmission consent.

CBS is eyeing around $1 billion in retransmission and reverse compensation
revenues by 2017. The company also remains positive about CBS Television
Network being the growth driver.

Get the full analysis of all these stocks by going to

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are
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