Zacks Bull and Bear of the Day Highlights: Apollo Global Management, Agnico-Eagle Mines, IsisPharmaceuticals, GlaxoSmithKline and Sanofi
CHICAGO, April 3, 2013 /PRNewswire/ -- Zacks Equity Research highlights Apollo Global Management, LLC (NYSE: APO) as the Bull of the Day and Agnico-Eagle Mines (NYSE: AEM) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Isis Pharmaceuticals, Inc. (Nasdaq: ISIS), GlaxoSmithKline (NYSE: GSK) and Sanofi (NYSE: SNY).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
Ready to plunk down some money with a private equity firm? If you are an accredited high net worth investor with at least $1 million to risk with the firm on whatever their latest deal is, you have many quality outfits to choose from.
But if you're not in "the 1%," there is another path. Many private equity (PE) firms are also public companies, including Blackstone Group and the infamous KKR. As an industry group, together with traditional investment management firms like BlackRock and Franklin Resources, the PE "alternative" asset managers currently rank in the top 10% of Zacks Industries.
Today we are going to focus on Apollo Global Management, LLC (NYSE: APO), a $3 billion company which grew its total assets under management (AUM) in 2012 from $75 billion to $113 billion.
Apollo operates in three business segments: private equity, capital markets and real estate. It raises, invests and manages funds on behalf of pension and endowment funds, as well as other institutional and individual investors.
After a rough year following its March 2011 IPO, the firm started firing on all rockets, boosting fourth-quarter GAAP earnings an astronomical 1,564% higher than a year earlier. And this represented a 120% surprise over analyst expectations.
As long as the price of gold continues to drift lower, it seems earnings expectations for miners of the yellow metal are following its decline. And in the high-risk metal mining industry, costs can quickly escalate too.
This week, Agnico-Eagle Mines (NYSE: AEM ) dropped to a Zacks #5 Rank as analyst 2013 EPS estimates have fallen from $2.44 to $2.04 in the past 60 days. And downward revisions have taken the full-year 2014 down to $2.36 from $2.80.
Agnico-Eagle Mines Limited is a Toronto-based gold producer with operations in Canada, Finland and Mexico. The company's LaRonde mine in Quebec is one of Canada s largest operating gold mines by gold reserves and has provided the company s foundation for domestic and international expansion.
The company missed expectations in fourth-quarter 2012 with both revenues and adjusted earnings falling short of the Zacks Consensus Estimate.
Latest Posts on the Zacks Analyst Blog:
Isis Publishes Encouraging Data
Isis Pharmaceuticals, Inc. (Nasdaq: ISIS) recently published encouraging new data in the journal Circulation Research related to antisense technology. It was found that antisense targeting of apolipoprotein C-III (apoC-III) showed significant decline in apoC-III and triglycerides. Both apoC-III and triglycerides are risk factors associated with cardiovascular diseases.
Isis Pharma currently has an antisense apoC-III inhibitor, ISIS-APOCIII, in its pipeline. ISIS-APOCIII is being evaluated in a phase II study for the treatment of severe hypertriglyceridemia. Top-line data from the study are expected to be released in mid-2013. On completion of the phase II study the company plans to initiate phase III study on the candidate.
We are impressed by the development of antisense technology and believe that the number of potential therapeutic applications is enormous. Antisense drugs may have significant potential to treat a number of diseases where small molecules and biologic compounds have failed. Although still in its early stage, antisense technology with mechanisms such as small interfering RNA (siRNA), RNA interference (RNAi), alternate splicing, and microRNA (mRNA) have the potential to change how diseases are treated.
Earlier this year, Isis Pharma received a $7.5 million milestone payment from GlaxoSmithKline (NYSE: GSK). The payment primarily relates to the initiation of a phase II/III clinical study of ISIS-TTRRx. The study will span 15 months enrolling 200 patients. Isis is developing ISIS-TTRRx in collaboration with Glaxo for the potential treatment of transthyretin (TTR) amyloidosis.
We note that Isis Pharma's lead product, Kynamro (mipomersen sodium), received FDA approval in Jan 2013 for the treatment of familial hypercholesterolemia (FH). Isis Pharma's partner Sanofi (NYSE: SNY) is marketing the product in the US. Sanofi is also looking to get the drug approved in the rest of the world including Europe.
Isis Pharma currently carries a Zacks Rank #3 (Hold).
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
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.
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