The Zacks Analyst Blog Highlights:General Motors, Toyota Motor, Magna International, Visteon and Core Laboratories

    The Zacks Analyst Blog Highlights:General Motors, Toyota Motor, Magna
                 International, Visteon and Core Laboratories

PR Newswire

CHICAGO, June 14, 2013

CHICAGO, June 14, 2013 /PRNewswire/ 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 General Motors Company
(NYSE:GM-Free Report), Toyota Motor (NYSE:TM-Free Report), Magna International
(NYSE:MGA-Free Report), Visteon Corp. (NYSE:VC-Free Report) and Core
Laboratories N.V. (NYSE:CLB-Free Report).


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

Here are highlights from Thursday's Analyst Blog:

GM Recalls New Cadillac & Chevrolet

General Motors Company (NYSE:GM-Free Report) plans to recall 1,627 units of
recently launched 2014 Chevrolet Impala and 2013 Cadillac ATS and XTS sedans
due to an electrical fault in the brake lamps and the cruise control. The
automaker launched both the vehicles in 2012.

General Motors revealed that the brake lamps in some vehicles may flash even
when the brake pedal is not applied. The problem could also cause the cruise
control to disengage. The faulty signal of brake lamp could create false alarm
of emergency braking to the following driver, resulting in a crash.

GM stated that it has not yet received any reports of crashes or injuries
related to the problem. Its dealers will reprogram the cars' body control
module at no cost to owners as all the cars are still under warranty.

Last month, GM recalled more than 27,000 units of its Cadillac crossover
vehicles globally because their wheel nuts may not have been tightened
properly at the time of assembling. The recall affected 2013 Cadillac SRX
models equipped with 18-inch wheels.

General Motors revealed that about 18,871 Cadillac vehicles will be recalled
in the U.S., 913 units in Canada, and the remaining 7,397 units of exported
vehicles outside North America.

Automotive safety recalls were brought into focus by media after Toyota
Motors' (NYSE:TM-Free Report) announcement of the largest-ever global recall
of 3.8 million vehicles in September 2009, triggered by a high-speed crash
that killed 4 members of a family. Later on, a string of recalls has led
Toyota to face numerous personal injury and wrongful death lawsuits in federal

The Transportation Department of U.S. slapped a fine of $17.35 million on
Toyota due to late response regarding a defect in its vehicles to safety
regulators as well as late recall of those vehicles. According to the
department, it was the maximum allowable fine under the law for not initiating
a recall in a timely manner. The latest fine added to $48.4 million imposed by
the U.S. government on the company in 2010 due to late recall of millions of
defective vehicles.

General Motors, a Zacks Rank #3 (Hold) stock, reported a 28.0% fall in
earnings to 67 cents per share in the first quarter of the year from 93 cents
in the same quarter of 2012 (all excluding special items) due to lower
earnings generated from the company's all geographic operations except Europe.
Despite this, the automaker's earnings exceeded the Zacks Consensus Estimate
by 11 cents per share.

Net earnings fell 31.3% to $1.1 billion from $1.6 billion in the first quarter
of 2012. Including net loss from special items, earnings were $0.9 billion or
58 cents per share in the quarter compared with $1.0 billion or 60 cents a
year ago.

Revenues in the quarter slid 2.4% to $36.9 billion, despite a 3.6% rise in
retail unit sales to 2.4 million vehicles globally. It was higher than the
Zacks Consensus Estimate of $36.4 billion.

Few stocks that are performing well in the broader industry where GM operates
include Magna International (NYSE:MGA-Free Report) and Visteon Corp.
(NYSE:VC-Free Report). Both the stocks carry a Zacks Rank #1 (Strong Buy).

Core Lab Upgraded to Buy

On Jun 13, Zacks Investment Research upgraded oilfield service company Core
Laboratories N.V. (NYSE:CLB-Free Report) to Zacks Rank #2 (Buy).

Why the Upgrade?

Core Lab has been witnessing rising earnings estimates following impressive
first quarter 2013 results that were backed by global deepwater hydrocarbon
developments. The company's consistent emphasis on international crude-oil
developments (mainly in deepwater), its global high-grading unconventional
crude oil and natural gas opportunities as well as improvements in North
American operations complemented the results.

On Apr 17, Core Lab reported earnings per share (EPS) of $1.22, surpassing the
Zacks Consensus Estimate of $1.15. Comparing year over year, EPS increased
8.0% excluding one-time items.

With respect to the earnings trend, Core Lab delivered positive earnings
surprises in 3 of the last 4 quarters with an average beat of 2.87%. Moreover,
the company has been gaining shareholders' confidence by returning wealth via
share repurchases and dividend hikes. It increased its quarterly common stock
dividend by 14.2% to 32 cents per share ($1.25 per share annualized) in Jan

The long-term expected earnings and sales growth projections of 18.0% and
7.48%, respectively, are also fairly impressive.

Based on Core Lab's consistency in earnings, attractive fundamentals and a
positive outlook, the Zacks Consensus Estimate for the second quarter of 2013
has increased 4.0% to $1.31 per share over the last 60 days. For 2013, the
Zacks Consensus Estimate increased 1.6% over the same time frame to $5.22 per

We believe that Core Labs' technology-heavy portfolio of proprietary products
and services gives it the opportunity to optimize production from new and
existing fields. The company remains well positioned onshore U.S. given its
strong presence in the emerging shale plays, where activity levels are not
affected by the ongoing financial turmoil and commodity-price uncertainty.

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

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative
analysis to help investors know what stocks to buy and which to sell for the

Continuous coverage is provided for a universe of 1,150 publicly traded
stocks. Our analysts are organized by industry which gives them keen insights
to developments that affect company profits and stock performance.
Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the
latest analysis from Zacks Equity Research. Subscribe to this free newsletter

About Zacks is a property of Zacks Investment Research, Inc., which was formed
in 1978. The later formation of the Zacks Rank, a proprietary stock picking
system; continues to outperform the market by nearly a 3 to 1 margin. The best
way to unlock the profitable stock recommendations and market insights of
Zacks Investment Research is through our free daily email newsletter; Profit
from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED
to be worth your time! Register for your free subscription to Profit from the

Get the full Report on GM - FREE

Get the full Report on TM - FREE

Get the full Report on MGA - FREE

Get the full Report on VC - FREE

Get the full Report on CLB - FREE

Follow us on Twitter:

Join us on Facebook:

Zacks Investment Research is under common control with affiliated entities
(including a broker-dealer and an investment adviser), which may engage in
transactions involving the foregoing securities for the clients of such

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment
is the potential for loss. This material is being provided for informational
purposes only and nothing herein constitutes investment, legal, accounting or
tax advice, or a recommendation to buy, sell or hold a security. No
recommendation or advice is being given as to whether any investment is
suitable for a particular investor. It should not be assumedthat any
investments in securities, companies, sectors or markets identified and
described were or will be profitable. All information is current as of the
date of herein andis subject to change without notice. Any views or opinions
expressed may not reflect those of the firm as a whole. Zacks Investment
Research does not engage in investment banking, market making or asset
management activities of any securities. These returns are from hypothetical
portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced
monthly with zero transaction costs. These are not the returns of actual
portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers
displayed in this press release.

SOURCE Zacks Investment Research, Inc.

Press spacebar to pause and continue. Press esc to stop.