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Zacks Analyst Blog Highlights: Nuvelo, Inc., SINA Corp., American International Group, Inc., MBIA and Ambac Financial Group
Monday, September 29, 2008 3:34 PM
Symbols: AIG, MBI, NUVO, SINA
(Source: BUSINESS WIRE)trackingZacks.com

Mark Vickery

Web Content Editor

312-265-9380

Visit: www.zacks.com

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: Nuvelo, Inc. (Nasdaq: NUVO), SINA Corp. (Nasdaq: SINA), American International Group, Inc. (NYSE: AIG), MBIA Inc. (NYSE: MBI) and Ambac Financial Group, Inc. (NYSE: ABK).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Friday's Analyst Blog:

Nuvelo "Wait & See" After Merger

Nuvelo, Inc. (Nasdaq: NUVO) is a biopharmaceutical company that makes drugs for acute cardiovascular and cancer therapy. On September 25, the San Carlos, California-based company announced that it has entered into a definitive merger agreement with privately held ARCA Biopharma, Inc. Under the terms of the agreement, ARCA will become a wholly owned subsidiary of Nuvelo.

The deal will result in the creation of a late-stage biotechnology company which will focus on the treatment of cardiovascular diseases. This deal makes sense for both companies in our view. While Nuvelo will get the chance to transform itself into a late-stage biotech company, ARCA should be able to put Nuvelo's significant cash balance to good use towards the commercialization of its lead pipeline candidate, Gencaro, which is currently under FDA review for the treatment of chronic heart failure.

SINA Corp. Shows Olympic Bump

SINA Corporation (Nasdaq: SINA) is one of the most well-known online brands in China. The company is a leading provider of online media and value-added information services to global Chinese community. The company continues to do well in its online brand advertising, and is increasing the gap between it and its closest competitor in the online brand ad market.

Sina has released its estimate of the impact of the Beijing Olympics. The company reported that on-line advertising (70% of total revenue) growth was enhanced by about fifteen percentage points from the rate experienced in 2007, for an annual growth of 55% year over year.

Take a Deep Breath; Where Are We?

OK, let's recap this whole thing. Hank Paulson has been consistently behind the curve. The crisis was easily foreseeable, but it was attacked piecemeal. Then again, some of the piecemeal solutions were actually well-crafted, that included substantial protections for the taxpayers.


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