CHICAGO, Dec. 17, 2014 /PRNewswire/ -- Zacks Equity Research highlights Ambarella Inc. (Nasdaq:AMBA-Free Report) as the Bull of the Day and Midcoast Energy Partners (NYSE:MEP-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onAmazon.com Inc. app (Nasdaq:AMZN-Free Report) and Google (Nasdaq:GOOGL-Free Report).
Here is a synopsis of all four stocks:
Ambarella Inc. (Nasdaq:AMBA-Free Report) has seen its estimates increase due to higher than expected new product sales, specifically the GoPro Hero4 sports camera. Further, new opportunities in drones and wearable cameras along with a solid foothold in professional IP cameras in China are the short and long term growth drivers for this company. Therefore Ambarella is our Zacks Bull of the Day.
This Zacks Rank #1 (Strong Buy) develops video compression and image processing semiconductors. The company's products are used in digital still cameras, digital camcorders, and video-enabled mobile phones. Ambarella sells its solutions to original design manufacturers and original equipment manufacturers.
Ambarella recently reported their Q3 2015 earnings in early December, and posted their seventh consecutive positive Earnings and Revenue surprise. The company beat the Zacks Consensus Earnings and Revenue estimates by 29.55%, and 5.4% respectively. Over the past four quarters Ambarella has posted an average positive earnings surprise of 44.15%.
Midcoast Energy Partners (NYSE:MEP-Free Report) has seen significant estimate downgrades over the past ninety days. This Zacks Rank #5 (Strong Sell) has had its stock estimates significantly trimmed for the next two quarters and for Fiscal 2014 & 2015.
Midcoast Energy Partners is a growth oriented limited partnership formed by Enbridge Energy Partners which engages in providing natural gas services. It focuses on gathering, processing, treating, transporting, and marketing natural gas and natural gas liquids to intrastate and interstate pipelines for transportation. The company operates in two segments; gathering, processing and transportation, and logistics and marketing.
The main drivers behind the downgrades are the following: lower volumes, declining commodity price, and operational headwinds. Further, Enbridge Energy, which owns 52% equity ownership interest in Midcoast Energy, will have to help Midcoast in order for the company to meet its funding needs. Another headwind facing the company as it battles declining volumes and commodity prices.
Midcoast Energy does not have a good earnings history, with four consecutive earnings misses and two consecutive revenue misses. The company has posted a four quarter average negative earnings surprise of -128.08%.
Additional content:
Google Takes Down Amazon App from Play Store
The official Amazon.com Inc. app (Nasdaq:AMZN-Free Report) was taken down from the Google (Nasdaq:GOOGL-Free Report) Play store, after the search giant realized that Amazon had built a hidden app store into its own app.
Timeline
In September this year, Amazon had tweaked its app a little. It added a new category called "Apps & Games." Amazon issued a press release for this stating that the app now enabled customers to discover and purchase products from its digital catalog. It mainly highlighted the Prime Instant Video integration.
But the category was a complete app store in itself, within the main Amazon application. Users could browse, search, install and buy apps directly from Amazon's main application without having to install the standalone Amazon Appstore app.
Google on its part, at the end of September, revised a key section of its policy, stating that apps could not be utilized to distribute, or aid the distribution, of apps or games outside the Play Store.
Formerly, Google's rules barred alternative app stores only, and not those that offered such a service among other things. This ambiguity was utilized by Amazon.
The original app from Amazon is now no longer available on Google Play.
Without wasting any time, Amazon came out with an alternative version for Google Play and stopped access to Amazon's own Android Appstore through its app. The alternate Amazon app, called simply Amazon Shopping, only lets users shop from the online store.
Amazon has also side-loaded its own, complete app on its website. This app allows users to use the Amazon Appstore, watch Prime Instant Video, and shop from a single app.
Google currently holds a Zacks Rank # 4 (Sell).
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 AMBA - FREE
Get the full Report on MEP - FREE
Get the full Report on AMZN - FREE
Get the full Report on GOOGL - 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
[email protected]
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 assumed that 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 and is 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.
Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ambarella-midcoast-energy-partners-amazoncom-and-google-highlighted-as-zacks-bull-and-bear-of-the-day-300011091.html
SOURCE Zacks Investment Research, Inc.
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article