For Immediate Release
Chicago, IL - March 29, 2012 - 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
Tyson Foods Inc.
(
TSN
),
McDonald's Corp
(
MCD
),
Kroger Co
. (
KR
),
Safeway Inc
. (
SWY
) and
Accenture
plc
(
ACN
).
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Here are highlights from Wednesday's Analyst
Blog:
Pink Slime Fuss Irks Tyson
The world's leading meat manufacturer and packager
Tyson Foods Inc.
(
TSN
) expressed concerns about a fall in beef demand amidst the
pink-slime controversy.
Pink slime, created from low quality beef trimmings, is an
industrial byproduct and is usually treated with ammonia gas to
qualify it for food health standards.
Critics argue that several cheap ground beef and frozen-marketed
hamburger patties contain pink slime as an additive. Although the
food watchdogs certify that they meet the food standards, some
critics argue that the addition of the pink slime is not disclosed
on the labels as soy and oatmeal added to beef have been.
Since the additives have not been disclosed on the labels, the
ground beef, containing pink slime, have been routinely included in
school lunches and other cafeteria.
The "lean, finely textured beef," as referred to by the meat
industry, seem to be extremely unpopular as a lot of consumers,
schools and grocers are shying away from the product.
Moreover, the US Department of Agriculture recently ruled that
school districts may stop using government meat that contains pink
slime. This sparked the controversy even more.
Many food stores like
McDonald's Corp
(
MCD
),
Kroger Co
. (
KR
),
Safeway Inc
. (
SWY
) and Food Lion stopped purchasing ground beef with the
controversial meat filler.
Moreover, Beef Products Inc., renowned maker of pink slime in
Lubbock, Texas, suspended three of four plants on the onset of the
controversy of the cons of eating pink slime.
The confusion regarding the effect of pink slime has reduced the
consumption of ground meat to a considerable extent. Tyson's
management has forecasted that there will be a 2% to 3% reduction
in supply, which in turn will drive up costs for consumers.
Currently Tyson holds a Zacks #3 Rank which implies a short term
Hold rating.
Accenture Poised for Growth
Technology and consulting company
Accenture
plc
(
ACN
) recently won a contract from a non-profit organization Out &
Equal. The tech major is poised to work in sync with Out &
Equal and the other stakeholders to help them invest in new
technologies for establishing an IT system within the
organization.
Accenture is expected to streamline the organizational structure
of Out & Equal as well as help them to reach out to people
across the globe. The new digital platform will create a
significant impact on the IT infrastructure of the company, while
also promote the idea of workplace equality irrespective of
gender.
Apart from winning new contracts, Accenture recently witnessed a
top management churn. The company appointed Christopher L. Smith as
the U.S. federal chief technology and innovation officer. We
believe that Accenture will benefit from his rich federal
government experience as he had earlier served in several senior
positions with the General Services Administration and the Internal
Revenue Service and was associated with the Air National Guard for
nearly 25 years.
Some industry experts believe that the
consulting/outsourcing/offshore combination continues to support
global enterprise's demand for high-end but cost effective service
delivery. Given its global footprint and client base, Accenture
remains well positioned to benefit from multiple technology drivers
including cloud initiatives, SaaS, mobility, digital marketing,
analytics and others.
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ACCENTURE PLC (
ACN
): Free Stock Analysis Report
KROGER CO (
KR
): Free Stock Analysis Report
MCDONALDS CORP (
MCD
): Free Stock Analysis Report
SAFEWAY INC (
SWY
): Free Stock Analysis Report
TYSON FOODS A (
TSN
): Free Stock Analysis Report
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