Synaptics, Uni-Pixel, Tesla Motors, AT&T and General Motors highlighted as Zacks Bull and Bear of the Day
CHICAGO, Jan. 9, 2014 /PRNewswire/ -- Zacks Equity Research highlights Synaptics (Nasdaq:SYNA-Free Report) as the Bull of the Day and Uni-Pixel (Nasdaq:UNXL-Free Report)as the Bear of the Day. In addition, Zacks Equity Research provides analysis onTesla Motors, Inc. (Nasdaq:TSLA-Free Report), AT&T, Inc. (NYSE:T-Free Report) and General Motors (NYSE:GM-Free Report).
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Here is a synopsis of all five stocks:
At the Consumer Electronics Show in Las Vegas this week, technology and gadget aficionados of all types have been discovering what's hot and what's not in everything from personal wearable technology and health devices to 3D printing and robotics, and all kinds of stuff that makes your home and car seem smarter.
Many companies don't make the gadgets that get all the "ooo's" and "ahh's." They just provide the software and hardware that make the magic possible, like Microsoft or Intel.
One company you may not have heard of is Synaptics (Nasdaq:SYNA-Free Report), the leading innovator in touch technology for PCs, notebooks, and smartphones. But some investors and analysts were certainly paying attention to SYNA's display of its 2013 milestones and new innovations like fingerprint authentication and gesture control (hover and swipe functionality) for devices.
The stock shot up over 9% on big volume January 7 as the company showed off its wares in a "by-appointment-only" private meeting space at CES.
Synaptics "human interface" products enable users to interact more easily and intuitively with smartphones, notebooks, tablets, and other portable multi-media devices and allow simpler, more elegant designs for consumer electronics and appliances.
SYNA has the leading share in smartphone touch controllers and estimates they supply touch pads and other pointing interfaces for more than 65% of the worldwide notebook market.
I last chose Uni-Pixel (Nasdaq:UNXL-Free Report) as the "Bear of the Day" on October 11 when shares were trading $18. Since then, this Zacks #5 Rank Strong Sell has been cut in half, hitting a new 52-week low of $8.36 this week.
Uni-Pixel designs and develops functional electronic conductive films and durable wear resistance films used in sensors and display applications for consumer and industrial products. The $200 million company had virtually no revenues in 2012 and is projected to have less than $20 million this year.
Uni-Pixel's patented technology, the Time Multiplexed Optical Shutter (TMOS), can be used in mobile phones, digital cameras, notebook computers, televisions, as well as display and interactive technologies in the energy, transportation and entertainment industries.
As far as picking an innovative company in fast-growing area of tech, Uni-Pixel probably seemed like the right choice on a few fronts. The future of touch, sensor, and gesture technologies looks bright, with Oppenheimer projecting the consumer gesture control market to be the fastest growing segment as it expands fivefold from $850 million in 2013 to over $4 billion by 2017. That's a compound annual growth rate of 50%!
But as we are seeing with Uni-Pixel, falling in love with a tech story can blind investors to the realities of management's ability to execute and deliver products to sell.
Additional content:
Tesla, AT&T Pen Wireless Deal
Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) has signed a multi-year agreement with AT&T, Inc. (NYSE:T-Free Report), under which the automaker intends to provide high-speed wireless internet to the current and upcoming electric cars in North America. The connectivity will support Tesla's remote engine diagnostics, telematics and information and entertainment offerings like Internet radio, web browsing, live traffic, weather and navigation.
Cars with high-speed connectivity are very popular in the automobile industry. Recently, in the Consumer Electronics Show, General Motors (NYSE:GM-Free Report) announced that its Chevrolet brand will be featuring the OnStar 4G LTE connection, which runs on AT&T's network.
This connection will provide high-speed data and turn the car into a mobile hub. It will offer customers convenient access to apps and services that require a high-speed cellular or data connection.
Separately, Tesla announced that it installed four supercharging units in Lusk, Wyoming last month. The electric carmaker is currently building the first coast-to-coast network of quick-charge stations.
This network of superchargers will greatly benefit customers driving across the country. Supercharging stations provide free of cost charging to Tesla customers. Moreover, its vehicles get fully charged within half an hour, compared to over 4 hours required by normal charging stations.
Last month, Tesla announced the opening of its first supercharger station in New York. At present, the automaker has more than 48 superchargers in the U.S., a large portion of which are located on the West Coast.
Tesla is planning to install supercharging stations in Arizona, New Mexico, Utah, Colorado, Minnesota, Wisconsin, Illinois, Indiana, Ohio and Pennsylvania. Although the company is working toward developing a supercharging network, the number of charging stations still remains drastically low compared to gasoline stations.
Tesla currently has a Zacks Rank #4 (Sell). We are concerned about the continued losses, production constraints, high prices and mounting R&D and SG&A expenses of the company
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