The Zacks Analyst Blog Highlights: Best Buy, Apple, Microsoft, Macy's and Gap PR Newswire CHICAGO, June 27, 2013 CHICAGO, June 27, 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 Best Buy Co. Inc. (NYSE:BBY-Free Report), Apple Inc. (Nasdaq:AAPL-Free Report), Microsoft Corporation (Nasdaq:MSFT-Free Report), Macy's, Inc. (NYSE:M-Free Report) and The Gap, Inc. (NYSE:GPS-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 Wednesday's Analyst Blog: Consumer Confidence Up: A Sign of Growth? The belief of an economic recovery might just have got stronger with consumer confidence hitting a multi-year high. A recent report by Conference Board data suggested the Consumer Confidence Index improved to 81.4 in Jun 2013 from a revised 74.3 in May 2013. The index notched its highest level since Jan 2008, when it had touched 87.3. This prompts a sense of optimism about a steady increase in consumer spending going forward. A recovery in the housing market, stock prices gaining momentum and improving labor market condition played vital roles to help the consumer confidence move north. According to Census Bureau and Department of Housing and Urban Development, sales of new houses jumped 2.1% sequentially in May 2013 and surged 29% from May 2012. Additionally, unemployment rate is currently hovering around 7.6%, reflecting an improvement from 7.9% in the beginning of the year. Alongside, S&P 500 has scored roughly 9%, while Dow Jones Industrial Average has gained approximately 10% so far this year. So, does this invoke enough confidence to say that the economy is back on growth trajectory? Although the data on the table shows that derailed economy is gradually making a comeback, it wouldn't be prudent to jump the gun. Fed officials hinted at gradual rollback of $85 billion monthly stimulus program in the later part of the year and said that they might discontinue the program by the middle of next year if economy improves further. Fed officials look quite optimistic about pulling the unemployment rate down to a range of 7.2% to 7.3% in 2013 with expected economic growth of 2.3% to 2.6%. Next year they further intend to restrict the unemployment rate to between 6.5% and 6.8%, and boost economic growth to 3% - 3.5%. As for the broader economy, we need to wait and see whether the Fed's move is in the right direction or the economy outcries for more. But if everything goes well and consumer confidence further rises with improving economy, then we could see a spur in demand with willingness to shell out more. Consumers' confidence is a key determinant for the economy's health with consumer spending accounting for over two-thirds of U.S. economic activity. This could prove to be a boon for retail companies, which have been actively making efforts to win the hearts of bargain hunters. Thus, Best Buy Co. Inc. (NYSE:BBY-Free Report) could witness more foot traffic in their stores with consumers searching for products from bellwethers including Apple Inc. (Nasdaq:AAPL-Free Report) and Microsoft Corporation (Nasdaq:MSFT-Free Report). Also, look for more people shopping in stores such as Macy's, Inc. (NYSE:M-Free Report) and The Gap, Inc. (NYSE:GPS-Free Report). Let's hope the prevailing confidence in the air remains intact. 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 long-term. 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 today. About Zacks Zacks.com 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 Pros. Get the full Report on BBY - FREE Get the full Report on AAPL - FREE Get the full Report on MSFT - FREE Get the full Report on M - FREE Get the full Report on GPS - FREE Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts 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 affiliates. Media Contact Zacks Investment Research 800-767-3771 ext. 9339 firstname.lastname@example.org http://www.zacks.com 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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release. SOURCE Zacks Investment Research, Inc. Website: http://www.zacks.com
The Zacks Analyst Blog Highlights: Best Buy, Apple, Microsoft, Macy's and Gap
Press spacebar to pause and continue. Press esc to stop.