The Zacks Analyst Blog Highlights: Alleghany, Crown Castle Int'l, Lennox, IAC/Interactive and Chesapeake Utilities

  The Zacks Analyst Blog Highlights: Alleghany, Crown Castle Int'l, Lennox,
                   IAC/Interactive and Chesapeake Utilities

PR Newswire

CHICAGO, June 11, 2013

CHICAGO, June 11, 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 Alleghany Corp. (NYSE:Y-Free
Report), Crown Castle Int'l Corp (NYSE:CCI-Free Report), Lennox
Int'l.(NYSE:LII-Free Report), IAC/Interactive Corp. (Nasdaq:IACI-Free Report)
and Chesapeake Utilities (NYSE:CPK-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

Here are highlights from Monday's Analyst Blog:

Summer May Be Range-bound

May has come and gone and summer is here. It's time to review the markets, the
economy and stock strategy.

Time to Buy in June?

At Zacks, we're onboard for a further rise under global QE. If the Fed taper
hits early, look for a big sell-off. This fall downside risk puts a
range-bound market into play for the summer.

Looking out 6 to 12 months, a majority of Zacks in-house strategists see the
S&P 500 higher. In fact, it most likely will remain well above 1600 this
summer.

With firm resolution of sequestration by September 30 on Federal fiscal year
budgets; stronger housing markets; fresh evidence of policy activism in
Europe; and firmer China growth; stocks go higher. Pessimists will point to
Europe, China, or to a U.S. growth slowdown later in 2013. There could be
pauses, a lull, and a possible correction.

Japan's QE makes that much less likely.

A Fed View on the Economy

The San Fran Fed says the U.S. "continues to expand at a moderate pace."

Ongoing federal deficit reduction will weigh on the recovery in the near
term. So the San Fran Fed expects growth of only about +2¼% this year. They
expect growth to pick up to about +3¼% next year as monetary policy remains
accommodative and the forces restraining recovery ease somewhat.

Adverse forces include restrictive fiscal policy at home; the economic,
fiscal, and financial situation in Europe; and the pervasive uncertainty that
has been weighing on households and businesses.

Zacks Sector-Industry-Company Telescope

A few top-down Zacks Ranked ideas emerged in early June…

(1) U.S. momentum in the Finance Sector flows from the stock market and higher
interest rates. Investment Funds, Investment Banking & Brokering, Real Estate
and Insurance industries showed up even stronger in early June. This is the
number one Zacks Sector right now.

A Company to Check Out:

Insurance Property & Casualty Industry – Alleghany Corp. (NYSE:Y- Free
Report). Zacks Rank #1 with an Outperform Rating. Alleghany Corp. is engaged
in the sale and underwriting of title insurance and other real estate
services. The subsidiaries you know well are Chicago Title and Trust Company
(CT&T) and Chicago Title Insurance Company (CTI),

(2) IT looks strong, with handheld drivers.Telco Equipment and Misc-Tech
became the most attractive industries in June, with growth in smart phone
Asia-Pacific. Computer Software & Services and Semiconductors ranked as market
weight industries. Computer Office and Electronics Hardware fell to become
underweight Zacks Ranked IT Industries.

A Company to Check Out:

Telco Infrastructure Industry – Crown Castle Int'l Corp (NYSE:CCI-Free
Report). Zacks Rank #2. Houston-based Crown Castle International Corp. is a
leading independent operator of wireless communication towers in the U.S. and
Australia.

(3) Strength is building inside the Industrials sector on a stronger domestic
outlook. Construction-Building Services, Transportation and Industrial
Products & Services are very attractive. Machinery, Electrical Machinery and
Pollution Control struggle the most.

A Company to Check Out:

Building Products Industry – Air/Heating – Lennox Int'l. (NYSE:LII-Free
Report). Zacks Rank #2. Lennox International Inc. is a leading global
provider of climate control solutions. The company designs, manufactures and
markets a broad range of products for the heating, ventilation, air
conditioning and refrigeration markets.

(4) Rising U.S. jobs numbers and upward 2013 jobs revisions helped the stock
market stay near multi-year highs. In a positive feedback loop, the personal
and home sides of Consumer Discretionary are highest ranked: Other Cons-Disc,
Media and Home Furnishing-Appliance ranked at the top.

A Company to Check Out:

Internet Commerce Industry, IAC/Interactive Corp. (Nasdaq:IACI-Free Report).
It is a Zacks Rank #1 with an Outperform Rating. IAC is an internet company
with more than 50 brands serving consumer audiences across more than 30
countries.

(5) Utility-Gas Dist. and Util-Electric industries got upgraded into early
June.

A Company to Check Out:

Chesapeake Utilities (NYSE:CPK-Free Report) is a small-cap niche stock. It has
a Zacks Rank #2 with an Outperform rating. Chesapeake Utilities is engaged in
natural gas distribution and transmission, propane distribution and marketing,
advanced information services, and other related businesses in southern
Delaware, Maryland's Eastern shore and Florida.

(6) Weakness in international outlooks pushes down the Materials sector.

Weakness was apparent in very low Zacks Industry Ranks for Steel and
Metals-Non-ferrous. Chemicals and Paper were weak, too.

(7) Weaker gas at the pump prices played out within the Energy sector. We saw
Oil-Misc. with its Refiners do best in the Zacks Ranks. Oil-Integrated and
E&P are market weights. Coal and Pipelines are underweights. Alternative
Energy and Drilling remain the most unattractive.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of
the Day pick for free.

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