CHICAGO, Sept. 27, 2011 /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 Boeing Company (NYSE: BA), DISH Network Corp. (Nasdaq: DISH), Netflix Inc. (Nasdaq: NFLX), Comcast Corp. (Nasdaq: CMCSA) and Time Warner Cable Inc. (NYSE: TWC).
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Here are highlights from Monday's Analyst Blog:
Boeing Delivers First Dreamliner
The Boeing Company (NYSE: BA) has completed the contractual delivery of the first 787 Dreamliner series aircraft to Japanese carrier, All Nippon Airways. The Boeing 787 Dreamliner is a long-range, mid-size, wide-body, twin-engine jet airliner.
Boeing's first delivery of Dreamliner aircraft is more than three years behind the original schedule. The delays have forced Boeing to pay huge compensations to customers, adding to the project's cost. Despite delays to the program, Boeing has secured orders for 821 Dreamliner aircraft from 56 customers.
Going forward, Boeing plans to boost the monthly output of the Dreamliner from the current 3 planes to 10 by the end of 2013. The company's efforts to boost production comes as rival Airbus SAS, a unit of European Aeronautic Defence & Space Co. or EADS, is starting production of its competing A350 model, which it plans to start delivering in 2013.
Boeing launched its ambitious Dreamliner program in April 2004, with a schedule to deliver the first airplane in May 2008. The aircraft's maiden test flight, originally planned for September 2007, took place on December 15, 2009. The 787 Program of Boeing is the first passenger jetliner manufactured mostly of lightweight and environment-friendly composite material -- a welcome change from traditional materials like aluminum and titanium.
The new airplane is being preferred by airline companies owing to better fuel efficiency. It consumes 20% less fuel than other competing airplanes. The 787 Dreamliner can be configured in two versions -- 787-8 priced at $185.2 million, which carries 210–250 passengers, and 787-9 priced at $218.1 million that will fly around 300 people.
Boeing has a unique position as the largest aircraft manufacturer in the world in terms of revenues, orders and deliveries. Besides, it is one of the largest aerospace and defense contractors in the world. Also, its revenues are spread across more than 90 countries around the globe.
DISH Network to Stream Blockbuster
DISH Network Corp. (Nasdaq: DISH) is gradually transforming itself from a satellite pay-TV operator to a converged multichannel entertainment service provider for various platforms. Recently, the company announced its Blockbuster Movie Pass service, the first concrete step with its newly acquired bankrupt movie chain and video game retailer Blockbuster Inc. With this announcement, DISH Network entered into next-generation online video streaming services, head-on with Netflix Inc. (Nasdaq: NFLX), YouTube, and Hulu.
Blockbuster Movie Pass will enable DISH Network's existing subscribers to stream movies on TV and PCs, to get movie DVDs and video games by mail, and to watch several premium TV channels, by paying just $10 extra per month. New subscribers will enjoy Blockbuster Movie Pass service absolutely free for one year if they subscribe to DISH Network's America's Top 200 programming package or greater and enter a 2-year DISH Network service. Blockbuster Movie Pass will start from October 1, 2011.
We believe offering online streaming movie services will play a major role to consolidate DISH Network's sagging pay-TV subscriber base. In the previous quarter, DISH Network lost an enormous 135,000 net subscribers compared with a net loss of a mere 19,000 subscribers in the prior-year quarter. DISH Networkblamed lack of gross subscriber addition (down 23.4% year over year) as the primary reason for this huge net subscriber loss. Management cited aggressive marketing promotion and increased level of discounts offered by the company's competitors are the other main reasons for this massive net subscriber loss.
The Blockbuster Movie Pass not only place DISH Network at par with Netflix, Hulu, or YouTube, it will also help DISH Network to significantly differentiate its offerings from large pay-TV competitors in the industry, such as Comcast Corp. (Nasdaq: CMCSA) and Time Warner Cable Inc. (NYSE: TWC). The video-on-demand service of DISH Network includes powerfull Blockbuster contents, where subscribers will have access to video games and can rent DVD from Blockbuster retail stores.
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