Ambarella, Midcoast Energy Partners, Amazon.com and Google highlighted as Zacks Bull and Bear of the Day
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).
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