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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT RESULTS

Chevron, Exxon under pressure as falling natural gas prices hit earnings

The Zacks Analyst Blog Highlights: Intel, Google, Yahoo, Advanced Micro Devices and Facebook

Zacks Equity Research

For Immediate Release

Chicago, IL – July 22, 2014 – 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 Intel (INTC-Free Report), Google (GOOGL-Free Report), Yahoo (YHOO-Free Report), Advanced Micro Devices (AMD-Free Report) and Facebook (FB-Free Report).

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

Here are highlights from Monday’s Analyst Blog:

Technology Stock Roundup: Q2 Earnings Version

The tech earnings season kicked off last week, with Intel (INTC-Free Report) and Google (GOOGL-Free Report) pulling off another solid quarter, while Yahoo (YHOO-Free Report) and Advanced Micro Devices (AMD-Free Report) disappointed. Here are the top stories:

Earnings Highlights

Intel Shares Up: Intel shares jumped post its very strong second-quarter results that saw earnings growing strong double digits and moving past management guidance and our estimates. The results indicated PC and data center strength and a growing IoT (Internet of Things) segment. Mobile profits remain a disappointment for now, but unit growth remains on track. Mobile volumes should accelerate in the second half of 2014 but in the meantime, subsidies (contra revenue) continue.

Google Also Up: Google missed our earnings estimate while exceeding on the top line. Its pains: proliferation of mobile that is seeing Facebook (FB-Free Report) stealing digital ad market share and CPC declines that are being precipitated by programmatic buying trends. Its strengths: very strong growth even after several years in operation, a high level of innovation that has in fact picked up pace in the last few years and solid execution in the face of a constantly changing competitive landscape.

Yahoo Falls: Investors are increasingly concerned about Yahoo’s core business as the Alibaba IPO draws near. Mayer had planned to turn around the company in three years and two of those are up. So the clock is ticking and no one can really wait. Then the company reports results that just about meet estimates including gains from patent sales and a lower share count. No one is actually seeing the growth in display volumes, they are instead watching the decline in price per ad.

Similarly, the increased price per click in the search business is not as eye-catching as the lackluster growth in paid clicks. So naturally, the only reason to cheer is the fact that Yahoo will now sell only 140 million Alibaba shares instead of the previously-agreed upon 208 million because this enables it to participate in Alibaba’s growth.

AMD Falls Further: AMD shares plunged over 16% as the chipmaker missed earnings estimates and provided a very disappointing guidance. The AMD turnaround story hinges on diversification away from PCs and strength in gaming devices where it has won sockets at all the leading consoles. But that doesn’t mean people won’t compare its PC market performance with that of Intel’s and punish the shares for the relative weakness.

Nor can they forgive management for falling behind in the turnaround plan. Moreover, the current quarter is likely to be its strongest for gaming devices, but apparently not strong enough to generate an encouraging revenue guidance.

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.

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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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