Mark Vickery

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Zacks Equity Research highlights American Tower Corp. (NYSE: AMT) as the Bull of the Day and General Motors (NYSE: GM) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Investors Real Estate Trust (Nasdaq: IRET), Napster (Nasdaq: NAPS) and Ingram Micro, Inc. (NYSE: IM).

Full analysis of all these stocks is available at http:// at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day: American Tower Corp. (NYSE: AMT)

We reaffirm our Buy rating and the same valuation target for American Tower Corp (AMT), a leading operator of wireless communications towers in the USA, Mexico, and Brazil. Overall performance has been driven by substantial demand for more tower space to facilitate high-speed data services and mobile video, along with 3G and WiMAX technologies.

Recent initiatives in emerging markets of India will further solidify long-term growth capabilities. Improvements continue with respect to several of its financial metric benchmarks and the company has sequentially outperformed its peer group on an EBITDA margin basis. Significant operating cash flow reduces our concern regarding its leveraged balance sheet.

Our view towards the wireless tower industry remains positive and we believe American Tower is well positioned to capitalize on next- generation telecom network deployment opportunities.

Bear of the Day: General Motors (NYSE: GM)

General Motors is one of the largest automobile manufacturers in the U.S. and the world. Weak North American sales, falling production volumes, and rising raw material costs are increasing our concerns for the stock. Significant incentives to stimulate sales and keep inventories lean are eating into margins.

Furthermore, GM sales are hampered by poor resale values. The company is at a disadvantage compared to its competition owing to huge pension and health care costs. These issues compel us to rate the shares a Sell with a six-month target price of $7.00.

Our outlook for the Auto and Auto Parts Sector industry is Negative. The industry is very concentrated, with the top 8 auto companies having more than 90% of revenues and the top 50 auto parts companies having 80% of revenues (the top 4 tire producers have 75% of the market). The auto companies focus on the design, assembly and marketing, while the components come from the auto parts suppliers.

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Investors Real Estate Trust (Nasdaq: IRET)

Investors Real Estate Trust had a mediocre 1st quarter.