Agnico Eagle Mines, Palo Alto Networks, Apple, Facebook andTwitter highlighted as Zacks Bull and Bear of the Day
CHICAGO, June 4, 2014 /PRNewswire/ -- Zacks Equity Research highlights Agnico Eagle Mines (NYSE:AEM-Free Report) as the Bull of the Day and Palo Alto Networks (NYSE:PANW-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onApple (Nasdaq:AAPL-Free Report), Facebook (Nasdaq:FB-Free Report) and Twitter (NYSE:TWTR-Free Report).
Here is a synopsis of all five stocks:
Since gold entered a steep decline in 2013, it's been easy to pick a "Bear of the Day" to write about. All you had to do was go to the Zacks #5 Rank list and grab a gold miner.
Well that tide has slowly been turning this year, with the industry grinding its way back up from the bottom third of groups to the top 30%. And this week's top of the heap #1 Rank is Agnico Eagle Mines (NYSE:AEM-Free Report), who I chose for a "Bear" write-up at least twice last year.
Agnico was always a unique miner in that they had a policy of not hedging with forward contract sales to lock in prices. That benefited them during gold's great rally up to $1900, but obviously hurt them on the way down as I pointed out in my April and July 2013 articles.
And every miner has their own unique challenges with costs, labor, and regional regulations around the globe. Here's what I highlighted in my April 2013 piece...
One of Agnico Eagle's main issues has been the persistently high operating costs at its Meadowbank mine in the Canadian Arctic. Ore dilution resulted in lower than expected grades to the mill, and the cost of transportation, logistics, labor and maintenance continued to be much higher than expected.
Network security is certainly a critical area of business and government and we would all like to invest in the champion who comes up with the best solutions. Unfortunately, finding that hero has not been an easy task lately with stocks like Fireye and Palo Alto Networks (NYSE:PANW-Free Report).
The former has seen its shares go from $40 to nearly $100 and back to $30 just this year. And the latter has been embroiled in patent litigation with competitor Juniper Networks which was just settled last week. Still, PANW remains a Zacks #5 Rank Strong Sell today.
Palo Alto Networks offers an enterprise security platform featuring a proprietary firewall that delivers natively integrated application, user, and content visibility and control through its operating system, hardware, and software architecture.
Last week, Juniper announced that Palo Alto Networks will make a one-time payment to Juniper of $75 million in cash and $100 million in shares of common stock and warrants. The companies entered a licensing agreement with no royalty payments required. With this settlement, Juniper Networks and Palo Alto Networks will dismiss all patent litigation.
Additional content:
Apple Launches Series of Updates at WWDC
At the ongoing Worldwide Developers Conference (WWDC) held in San Francisco, Apple (Nasdaq:AAPL-Free Report) unveiled a series of updates including iOS 8, OS X 10.10 Yosemite, Healthkit and a new programming language called Swift.
However, no new hardware was mentioned during the conference.
iOS 8 is equipped with a number of unique and improved features including revamped notification features, an upgrade to the keyboard's auto-correct functionality called QuickType; support for third-party keyboards, improvements to mail, and the much-rumored health tracking feature and companion app HealthKit.
Healthkit is Apple's new platform aimed at uniting health and fitness data from a wide variety of apps and services. It can act as an early-warning system that doctors can use to detect an unexpected spike in blood pressure or perhaps even a missed medication dosage.
Unlike in the past, Apple has opened up new elements of its iPhone OS such as its keyboard and cloud storage systems for external developers who can now create tools to customize these basic functions of the iPhone.
Apple opened up the iPhone to third-party apps way back in 2008. However, to date, only a handful of companies including Facebook (Nasdaq:FB-Free Report) and Twitter (NYSE:TWTR-Free Report) have been integrated into the basic functions of the iPhone's core software.
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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