Mark Vickery

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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: China Mobile Ltd. (NYSE: CHL), Infosys Technologies, Ltd. (Nasdaq: INFY), MCG Capital Corp. (Nasdaq: MCGC), Polycom, Inc. (Nasdaq: PLCM) and Standard Motor (NYSE: SMP).

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Here are highlights from Thursday's Analyst Blog:

China Mobile Attractively Priced

China Mobile Limited's (NYSE: CHL) market valuation has declined in recent months based on what we believe are related to general global equity market weakness and additional levels of risk associated with the announcement of mandated telecom restructuring imposed by China's government.

China Mobile currently commands 69% share of the total Chinese wireless market. Once 3G licenses, and any industry restructuring initiatives, have been announced in China, the competitive environment is expected to intensify as one or more new entrants are likely to gain access to the massive wireless market in this region. However, we believe China Mobile is best positioned to capture the lion's share of this market. We, therefore, maintain our Buy rating.

High U.S. Exposure for Infosys

Infosys Technologies, Ltd. (Nasdaq: INFY) continues to strengthen strategic alliances and reorganize businesses in order to counter the effects of a strong rupee. The company was able to maintain stable operating margins in the fourth quarter despite a high attrition rate, while benefiting from a slight depreciation of the rupee.

We are concerned that there will be a supply problem in hiring new and experienced consultants as more and more business move into India, and there are only so many skilled workers to hire. The higher attrition rates, coupled with moderate revenue growth have us concerned about FY09, although the company continues to manage its bottom line well.

Staying Cautious on MCG Capital

MCG Capital Corporation's (Nasdaq: MCGC) 1Q08 DNOI (distributable net operating income per share) was 7 cents short of our estimate and the consensus. GAAP EPS also fell considerably short of our expectation. The decline in earnings was primarily driven by the net investment losses of $18.6 million.

The company reduced its dividend to $0.27 per share from $0.44 per share. We anticipate the ongoing disruptions in the capital markets to continue in the coming quarters, thereby bringing a further deterioration in the originations in the coming quarters. Further, with heavy exposure to small and midsized companies, MCGC remains quite susceptible to the economic downturn.