(Source: Business Wire)
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: NTT DoCoMo (NYSE: DCM), Citigroup (NYSE: C), SanDisk (NASDAQ: SNDK), Array (NASDAQ: ARRY) and United Parcel Service, Inc. (NYSE: UPS).
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Here are highlights from Tuesday's Analyst Blog:
NTT DoCoMo a Buy, Post-Report
NTT DoCoMo (NYSE: DCM), the largest mobile service provider in Japan, announced third quarter (ended December 31) fiscal 2009 financial results below our estimates. Performance was impacted by higher depreciation charges and other operating expenses.
The company currently maintains over 50% share of the Japanese wireless market. DCM's discount-priced service plans, together with installment-based systems for selling handsets, progressed as customer churn rates improved significantly. Stronger foreign currency rates, with respect to the Yen against Dollar, have also raised valuation levels of DCM ADR shares. Operationally, the company upgraded 98% of its total coverage area with 3G HSDPA technologies, and its emerging 4G LTE network is likely to be installed by 2010.
End of Citi's Field of Dreams?
On the shirt tails of its new plane fiasco, management of Citigroup (NYSE: C) has now announced it is exploring the potential for not continuing with a marketing deal with the New York Mets.
It appears Citigroup has made no final decision, for the potential to attempt to void the 20-year agreement, which includes naming the Mets' new baseball stadium "Citi Field." For its side of the agreement, Citigroup would have to pony up $400 million.
SanDisk Deals with Slow Demand
SanDisk (NASDAQ: SNDK) is a producer of flash memory (memory that holds the data and does not need constant rewriting) that is used in small memory devices, MP3 players (like the iPod), digital cameras, cell phones, and a new and growing application -- solid sate memory devices. There are relatively few makers of the devices, but Toshiba (a partner with Sandisk) and Samsung are probably the largest producers.
SanDisk and Toshiba jointly own a large manufacturing plant to produce the memory. Since demand for the chips has declined, this plant is producing at about 70% of its capacity, a level that is not profitable.
