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The Zacks Analyst Blog Highlights: TAL Education Group, Yingli Green Energy Holding, General Electric, ReneSola and China Mobile

Zacks Investment Research, Inc., www.zacks.com. (PRNewsFoto/Zacks Investment Research) (PRNewsFoto/ZACKS INVESTMENT RESEARCH)

News provided by

Zacks Investment Research, Inc.

Jul 25, 2014, 09:30 ET

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CHICAGO, July 25, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the TAL Education Group (NYSE:XRS-Free Report), Yingli Green Energy Holding Company Ltd. (NYSE:YGE-Free Report), General Electric Co. (NYSE:GE-Free Report), ReneSola Ltd. (NYSE:SOL-Free Report) and China Mobile Ltd. (NYSE:CHL-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday's Analyst Blog:

China Stock Roundup

Stocks had a good week but for Monday when familiar market concerns returned to haunt investors. The benchmark index declined following fears over new share sales and concerns that earnings will come in below expectations.

However, markets returned to their winning ways on Tuesday after several government measures propelled stocks upward. Stocks ended Wednesday nearly flat as new share sales resumed. The Shanghai Composite ended at its highest level in three months today.

Promising manufacturing data indicated that the nation is well placed to achieve its growth target for the year. Earnings from TAL Education Group (NYSE:XRS-Free Report) beat estimates while a unit of Yingli Green Energy Holding Company Ltd. (NYSE:YGE-Free Report) secured an order to supply 32 MW of PV modules to a Japanese project.

Last Week's Developments

Stocks gained on Friday as a sub-index of real estate companies posted its largest increase in nearly two months. Speculation that a decline in home prices will lead to more cities easing restrictions on house purchase regulations led to these gains. Prices declined in 55 of the nation's 70 cities last month compared to May. This is the highest decline since Jan 2011.

Housing Minister Chen Zhenggao has asked cities with large housing inventories to lower them using all means possible. The Shanghai Composite Index increased 0.2% while the CSI 300 moved up 0.3%.

The Hang Seng China Enterprises Index declined 0.6% after a Malaysian Airlines passenger jet was shot down near the Ukraine-Russia border. The Bloomberg China-US Equity Index increased 0.9%.

The benchmark index gained 0.6% over the week. The Hang Seng increased by 1% while the Hang Seng China Enterprises Index gained 0.6% over the week.

Markets and the Economy This Week

The Shanghai Composite Index declined 0.2% on Monday, as Chinese stocks took losses for the third time in four days. Fears that earnings reports will come in under par and IPOs will lure funds away from older stocks returned to haunt markets.

Market watchers believe that earnings growth will be modest. Meanwhile, 11 new share sales are scheduled for the week. The seven day repo rate jumped the most in a month, adding to speculation that investors are securing funds to buy new shares. The CSI 300 gained 0.1% while the Hang Seng China Enterprises Index declined by 0.8%. This was its fourth successive day of losses, despite a revival in gambling stocks.

The benchmark index closed at its highest level since Jun 16 on Tuesday. A large volume of gains propelled indexes upward as the automobile, banking and property sectors gathered strength. A government announcement on Monday which will benefit hybrid and electric cars lifted auto stocks.

Property stocks registered gains following media reports that cities are easing house purchase regulations. Metal stocks rose as London zinc and aluminium touched record highs. The Shanghai Composite Index increased 1% while the CSI 300 gained 1.2% to close at its highest level since April 23.

The Hang Seng China Enterprises Index gained 2.4% following speculation that the government will announce additional stimulus measures for the economy. This was the index's highest increase in four months.

Stocks ended Wednesday nearly flat as five companies began new share sales. These IPOs are expected to lure funds away from existing stocks. The ChiNext Composite Index was hit hard by the IPOs, declining 2.8%. The tech heavy index suffered its largest one day decline in nearly a month. Brokerage companies posted good performances, gaining from the resumption of IPOs and expanding the scope of their business. Insurance stocks also registered gains.

The Shanghai Composite Index gained 0.1% to reach its highest level since June 16. The CSI 300 increased 0.2% to end at its highest level in more than three months. The Hang Seng China Enterprises Index gained 2%.

The Shanghai Composite Index jumped 1.3% today to close at a three-month high. A significant expansion in the country's manufacturing sector added strength to expectations that China will be able to achieve its growth target for the year. The HSBC flash PMI increased to 52, its highest level in one and a half years.

A gauge of financial stocks increased 3.1%, the highest among the CSI 300's industry groups. The CSI 300 moved up 1.8%, bolstering the index's monthly increase of 3.3%. The ChiNext lost 1.6%, taking monthly losses to 9.5%. The Hang Seng China Enterprises Index increased 1.1%. The index closed at its highest level since Dec 18.

Stocks in the News

TAL Education Group reported first quarter earnings of 17 cents per share, compared to the Zacks Consensus Estimate of 13 cents. Sales increased 45% to $89 million on a year-over-year basis, exceeding the higher bound of its guidance by 1%. Reduction in costs and higher demand for its small class offerings were major growth drivers.

Earnings improved primarily because the company reallocated resources from one-on-one tutoring sessions to small classes which offer high margins. Small class centers increased from 183 to 191 compared with the last quarter of 2013. On the other hand, one-on-one learning centers increased from 90 to 91

However, second quarter sales guidance was disappointing. TAL Education expects revenues to increase 31-34% year over year. This is lower than consensus estimate of 37%. The company says sluggish growth in English and one-on-one classes is the reason for setting lower sales guidance. However, TAL Education says full-year growth of 35% is still possible.

Yingli Green Energy Holding Company Ltd's unit Yingli Green Energy Japan Corporation has entered into a contract to provide 32 megawatts (MW) of multicrystalline photovoltaic (PV) modules to a large-scale Japanese project. The market reacted positively to the news with the company's share price edging up around 3.2% to $3.56 on Jul 23, 2014 from the prior session.

Per the agreement, Yingli Green Energy will supply 108,000 YGE 72 Cell Series modules. The delivery will commence from Jan 2015 and will complete in Dec 2015.

The solar project located in Okayama, Japan will be constructed by the Tokyo-based power plant development company Pacifico Energy K.K. GE Energy Financial Services, a division of General Electric Co. (NYSE:GE-Free Report), will finance the project. The project's estimated annual power generation capacity is 37,000,000 Kilowatt-hour (KwH).

ReneSola Ltd. (NYSE:SOL-Free Report) has entered into an agreement with China Seven Star Holdings Ltd, a Hong Kong-based company. Per the agreement, ReneSola will sell 200 MW of solar power projects by the end of 2015.

The agreement encompasses new projects and four existing solar parks in Bulgaria and Romania. ReneSola will also sell two projects with a combined capacity of 9.7 MW located in Bulgaria to China Seven Star.

China Mobile Ltd. (NYSE:CHL-Free Report) announced on its official microblog on Monday that it plans to have more than 500,000 4G base stations by the end of 2014. Currently, China Mobile has 14 million 4G subscribers. This constitutes around 2% of its 791 million mobile customers. The company aims to have 50 million 4G users by the end of the year.

Speaking at a press conference, Huang Wenlin, vice president of China Mobile said the world's largest mobile carrier in subscriber terms will offer 4G international roaming services in 50 additional countries frequently visited by Chinese tourists. These services can be accessed using a new 4G USIM card without a change of number or a new registration.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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 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. Subscribe to this free newsletter today.

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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.

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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.

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