For Immediate Release
Chicago, IL - September 21, 2015 - Zacks Equity Research highlights Casey's General Stores, Inc. ( CASY ) as the Bull of the Day and Banco Bradesco S.A. ( BBD ) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Facebook, Inc. ( FB ), Twitter, Inc. ( TWTR ) and New York Times Company ( NYT ).
Here is a synopsis of all five stocks:
Casey's General Stores, Inc. ( CASY ) is seeing strong momentum as gasoline prices fall and the American consumer buys more in their convenience stores. This Zacks Rank #1 (Strong Buy) recently reported record first quarter results.
Founded in 1959 in Des Moines, Iowa, Casey's General Stores opened its first general store in 1968. It now operates 1,850 convenience stores in 14 Midwestern states. It's the 10th largest convenience store chain in the United States.
If you're not familiar with Casey's, it could be because you live in a major metropolitan area. 57% of its stores are located in towns with less than 5,000 people.
It combines gasoline sales, with a convenience store and many offer its famous made-from-scratch pizza. Casey's is the 5th largest pizza chain in the United States. Because of its focus on small town America, it is often the only pizza restaurant in town.
Record First Quarter
On Sep 8, Casey's reported its fiscal first quarter 2016 results which ended on July 31, 2015. It beat the Zacks Consensus again, this time by 11.4%.
It has beat the Zacks Consensus six quarters in a row.
Earnings per share rose 23% even though its fuel margin declined 1.4 cents per gallon over the prior year because of margin expansion in prepared foods.
There's nowhere to hide for Banco Bradesco S.A. ( BBD ) as Brazil's economy weakens. As one of Brazil's largest banks, this Zacks Rank #5 (Strong Sell) just had its rating lowered by Standard & Poor's.
Banco Bradesco was founded in 1943 and with a market cap of $29 billion, is one of Brazil's largest privately-owned banks. As of June 2015, it had assets of R$1.03 trillion with 26.5 million active checking accounts and 50,000 express units.
Rating Lowered by Standard & Poor's
On Sep 10, Standard & Poor's cut Banco Bradesco's global scale rating to speculative grade with a negative outlook after it downgraded Brazil's credit to junk.
Brazil is in its worst recession in the last quarter of a century with inflation at 12-year highs. The Real has dropped to 13-year lows, sliding 32% this year alone.
Apparently, the Brazilian government has delayed August tax data, putting fuel to the fire that the economy is worse than it appears.
The Brazilian Congress has also recently started discussions to impeach President Dilma Rousseff.
All of these events continue to pressure the Real.
Facebook Launches Signal to Help Journalists, Fight Twitter
Facebook, Inc. ( FB ) has unveiled Signal, a free of cost discovery and curation feature for journalists to help them with their newsgathering process.
The platform available on both Facebook and Instagram will help journalists to "source, gather, and embed newsworthy content, across news, culture, entertainment, sports, and more-all in one place."
With Signal, Facebook is trying to take on Twitter, Inc. ( TWTR ), which has for some time been the hotspot for following trending and breaking news. Facebook's Director of Media Partnerships, Andy Mitchell said, "We've heard from journalists that they want an easy way to make Facebook a more vital part of their newsgathering with the ability to surface relevant trends, photos, videos, and posts on Facebook and Instagram for use in their storytelling and reporting."
Through Signal, journalists can track the topics that are trending and then use the shared information to provide "deeper context on those trends." Moreover, it will enable them to access information on the most talked about/mentioned personality on Facebook across diverse fields such as politics, movies, sports, music, and so on. Instagram would facilitate the use of visual content. Also, all posts, updates, images and videos on Signal will be saved and made available for later use.
Signal is powered by Facebook's Media Solutions API along with third party APIs from CrowdTangle and Storyful.
Analysts observe that Facebook is trying to evolve into a destination rather than a sort of distraction to improve engagement levels. It aims at becoming a platform where users get to know about all significant things going on across the globe. Therefore, wooing journalists and media publications seems a sure shot way of building a much stronger user base.
Signal follows the company's high profile, journalism friendly Mentions for Profiles app launch last week. The app helps journalists and readers to interact with each other. In May 2015, it also launched Instant Articles in association with The New York Times Company ( NYT ) to post articles straight on its mobile platform. Also, Facebook launched FB Newswire, powered by Storyful a year back.
Stiff competition is one thing Facebook should be concerned about as most social media companies are improving their connection with media. In fact, Twitter is itself developing a news curation feature called Project Lighting. It is so designed that people can tune into Twitter events even without registering.
At present, Facebook carries a Zacks Rank #3 (Hold).
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