CHICAGO, June 3, 2011 /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: Qualcomm Inc. (OTC: QCOM),
Microsoft Corporation (Nasdaq: MSFT), Nokia Corp.
(NYSE: NOK), Atheros Communications, Inc. (Nasdaq: ATHR) and
Zumiez Inc. (Nasdaq: ZUMZ).
(Logo:
http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Get the most recent insight from Zacks Equity Research with the
free Profit from the Pros newsletter:
http://at.zacks.com/?id=5513
Here are highlights from Thursday's Analyst Blog:
Qualcomm to Support Windows 8
Qualcomm Inc. (OTC: QCOM), the largest global
manufacturer of mobile phone chipsets, is set to develop chipsets,
which will support the upcoming Windows 8 platform. Earlier, in
January this year, the company had planned to collaborate with
other chipset makers to develop Microsoft Corporation's
(Nasdaq: MSFT) Windows 8 operating system.
Microsoft's new version of the popular Windows platform will be
supported by touch screen applications. The new feature is expected
to counter the growing popularity of tablets, which are considered
to be a real threat to the PC market. Microsoft also has a
partnership with Qualcomm, under which Microsoft's Windows Phone 7
is powered by Qualcomm's chipsets. Moreover, Microsoft intends to
extend its partnership with Qualcomm as most Android-based tablets
typically use Qualcomm's microprocessors.
Qualcomm's microprocessors, popularly known as Snapdragon, are
becoming more and more popular as demand for smartphones and
tablets are increasing. These chipsets allow proper functioning of
software on mobile handsets. Currently, 125 devices are using
Qualcomm's chipsets and another 250 devices are in the pipeline.
Recently Nokia Corp. (NYSE: NOK) announced that it will be
using Qualcomm's chipsets in their upcoming Windows Phone 7-based
smartphones.
Qualcomm also launched its next-generation Snapdragon processors
supported by Krait architecture, which is generally used in
Android-powered 3G smartphones. The new processor provides speed up
to 2.5GHz per core coupled with lower power consumption, better
graphics and video streaming facilities.
Recently, Qualcomm completed the acquisition of Wi-Fi chip set
maker Atheros Communications, Inc. (Nasdaq: ATHR), which
will enable the company to diversify in the consumer electronics
segment, particularly in the home networking market.
We maintain our long-term Outperform recommendation on Qualcomm.
Currently, Qualcomm has a Zacks#2 Rank, implying a short-term Buy
rating on the stock.
Zumiez Comps Rise Yet Again
Zumiez Inc. (Nasdaq: ZUMZ), an action sports retailer in
the United States, reported
comparable store sales for the four-week period ended May 28, 2011. Total net sales for the period
increased by a sharp 14.9% to $30.3
million from $26.3 million
reported in the four-week period ended May
29, 2010.
For the reported period, comparable store sales jumped 7.8%
compared with a rise of 7.1% in the prior-year period. The April
results marked the 18th consecutive month of comparable store sales
growth.
Prior to this, Zumiez reported first-quarter 2011 earnings of
6 cents a share, beating the Zacks
Consensus Estimate of 2 cents a
share. The company also outpaced a loss of 3
cents a share posted in the first quarter of fiscal 2010.
Net income from operations was $1.9
million compared with a loss of $0.7
million in the prior-year quarter.
Want more from Zacks Equity Research? Subscribe to the free
Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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:
http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc.,
which was formed in 1978 by Leon
Zacks. As a PhD from MIT Len knew he could find patterns in
stock market data that would lead to superior investment results.
Amongst his many accomplishments was the formation of his
proprietary stock picking system; the Zacks Rank, which 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 at
http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
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
Disclaimer: Past performance does not guarantee future results.
Investors should always research companies and securities before
making any investments. Nothing herein should be construed as an
offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
