Pilgrim's Pride, HomeStreet, Amazon.com, Apple and Microsofthighlighted as Zacks Bull and Bear of the Day

  Pilgrim's Pride, HomeStreet, Amazon.com, Apple and Microsofthighlighted as
                        Zacks Bull and Bear of the Day

PR Newswire

CHICAGO, July 12, 2013

CHICAGO, July 12, 2013 /PRNewswire/ --Zacks Equity Research highlights
Pilgrim's Pride (Nasdaq:PPC-Free Report) as the Bull of the Day and HomeStreet
(Nasdaq:HMST-Free Report) as the Bear of the Day. In addition, Zacks Equity
Research provides analysis onthe Amazon.com Inc. (Nasdaq:AMZN-Free Report),
Apple Inc. (Nasdaq:AAPL-Free Report) and Microsoft Corp. (Nasdaq:MSFT-Free
Report).

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

Here is a synopsis of all five stocks:

Bull of the Day:

Pilgrim's Pride (Nasdaq:PPC-Free Report) has seen some big action on recent
Friday's, carries a great valuation and will be reporting earnings soon. It is
a Zacks Rank #1 (Strong Buy). It is the Bull of the Day.

If the title line of this section is lost on you then I am showing my age a
bit. That was a popular tag line from a commercial in the 80's but it's clear
that the sentiment still rings true.

With a 19% share of the domestic market, Pilgrim's Pride has a firm grip on
second place behind Tyson's 22%. The 36 million bird weekly capacity also
tells you that plenty of people are eating chicken.

Pilgrim's Pride produces, processes and markets fresh, frozen, and value-added
chicken products in the United States, Mexico, and Puerto Rico. The company
was founded in 1945 and is headquartered in Greeley, Colorado. As of December
28, 2009, Pilgrim's Pride Corporation operates as a subsidiary of JBS USA
Holdings, Inc.

Looking to the earnings history, I see a stock that has beaten the number in
two of the three most recent reports. The most recent quarter was a miss of
$0.02, which translated into a negative earnings surprise of 8.7%. The two
previous quarters had the analyst guessing where the number was going to come
in and they were pretty light. The September 2012 quarter was s beat of $0.11
or 183%, and that was followed up by an even more impressive $0.17 beat for
the December 2012 quarter. That translated to a beat of 212%, which isn't
exactly chicken feed.

PPC has approximately 37,500 employees and 30 hatcheries. They also have 3,900
growers and 26 feed mills with production facilities throughout the Southeast
of the United States, Mexico and Puerto Rico.

Bear of the Day:

HomeStreet (Nasdaq:HMST-Free Report) missed the mark on the most recent
earnings release and has seen estimates drop substantially over the last six
months. It is a Zacks Rank #5 (Strong Sell). It is the Bear of the Day.

Over the last few weeks, interest rates have moved higher and that has caused
rates for mortgages to increase as well. Along with a light housing inventory,
this will keep some buyers on the sidelines which could hurt the real estate
lending business for HMST.

HomeStreet is a diversified financial services company headquartered in
Seattle, WA serving consumers and businesses in the Pacific Northwest,
California and Hawaii. The company operates four primary lines of business:
Community Banking, Single Family Lending, Commercial Real Estate Lending and
Residential Construction Lending. Its principal subsidiaries are HomeStreet
Bank and HomeStreet Capital Corporation.

The most recent quarter was a big miss, with the company reporting earnings of
$0.74 when the Zacks Consensus Estimate was calling for $0.84. The ten cent
negative earnings surprise translates to a 11.9% miss. The topline also came
in $5 million light, so another miss of 6% on top.

HomeStreet Bank is a WA state chartered savings bank with a network of 23
retail bank branches, 28 stand-alone lending centers and three stand-alone
commercial lending centers in Washington, Oregon, California and Hawaii. Its
size may keep some investors out of it beyond its limited geographical
footprint.

Additional content:

Amazon Cuts Kindle Prices

Amazon.com Inc. (Nasdaq:AMZN-Free Report) recently slashed the price of Kindle
Fire high-definition (HD) 7 inch tablets in the U.S. and U.K.

Amazon has always been very competitive and in the current environment, where
competitors like Barnes & Noble and H-P are cutting prices, it is only
expected that Amazon would follow suit. The company usually upgrades once a
year, so the price cut should also help inventory clearance ahead of the new
announcement.

The company stated that the 16 GB model will be available at $169 instead of
$199. The 32GB model is now priced at $199, down from $229 earlier. In the
U.K., the 16GB model is available for £139 while the 32GB variant is priced at
£159.

A few days back, Amazon also slashed the price of its 8.9 inch Kindle Fire HD
tablets across the U.K., Germany, France, Italy, Spain and Japan. The Kindle
Fire HD 8.9 inch tablet is now available in the U.S. for $269 instead of $299
while the price of the 4G version has come down to $399 from $499.

The Kindle Fire HD 7.0 inch is used for web browsing, email, gaming, streaming
TV shows and movies, reading e-books and more. It comes with IPS technology
and runs a forked version of Google's Android OS (Wikipedia). For Amazon, the
Kindle is more than a product generating revenue. It's more important function
is to serve as a platform for the sale of digital goods. Amazon is a very big
player in this segment and while it started out in the digital book segment,
it is now a major player in the video segment as well. 

Even if Amazon does not make big money from tablets, it intends to increase
the number of customers buying both physical and digital products from the
company, such as movies, music, games and apps, thus increasing its revenues.

Amazon entered the tablet market with the shipping of Kindle Fire in late
2011. The tablet market is getting more competitive by the day. Apple Inc.
(Nasdaq:AAPL-Free Report) leads the race so far with record shipments of its
iconic iPad. However, Amazon's lower-priced Kindle Fire has also witnessed
strong demand. Other players like Microsoft Corp. (Nasdaq:MSFT-Free Report)
have also stepped in to grab a share of the pie.

Get today's Zacks #1 Stock of the Day with your free subscription to Profit
from the Pros newsletter:

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are
likely to outperform (Bull) or underperform (Bear) the markets over the next
3-6 months.

About the Analyst Blog

Updated throughout every trading day, the Analyst Blog provides analysis from
Zacks Equity Research about the latest news and events impacting stocks and
the financial markets.

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 analyst 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. Click here to 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 PPC - FREE

Get the full Report on HMST - FREE

Get the full Report on AMZN - FREE

Get the full Report on AAPL - FREE

Get the full Report on MSFT - 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
support@zacks.com
http://www.zacks.com

Zacks.com provides investment resources and informs you of these resources,
which you may choose to use in making your own investment decisions. Zacks is
providing information on this resource to you subject to the Zacks "Terms and
Conditions of Service" disclaimer. www.zacks.com/disclaimer.

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