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Zacks Bull and Bear of the Day Highlights: Arrow Electronics, Kirkland's, AT&T, Apple Inc. and Verizon
[April 21, 2011]

Zacks Bull and Bear of the Day Highlights: Arrow Electronics, Kirkland's, AT&T, Apple Inc. and Verizon


CHICAGO, Apr 21, 2011 (PR Newswire Europe via COMTEX) -- Zacks Equity Research highlights: Arrow Electronics as the Bull of the Day and Kirkland's Inc. the Bear of the Day. In addition, Zacks Equity Research provides analysis on AT&T Inc. (T), Apple Inc. and Verizon Communication .



(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) View Full analysis of all these stocks Here is a synopsis of all five stocks: Bull of the Day: We expect overall demand and margins to improve at Arrow Electronics as volumes ramp up. The recent acquisitions should positively impact the margins and bottom line. The addition of Nu Horizons will enhance the company's design capabilities in the fast-growing Asia-Pacific region, as well as complement Arrow's leading technology portfolio in the Americas and Europe.

Earlier, Arrow Electronics Inc. reported solid results for the fourth quarter, beating the Zacks Consensus Estimate by a penny. Expecting improved performances in the coming quarters, we maintain our Outperform recommendation.


Although the company faced tough times between late 2008 early 2009, its performance has been improving steadily since then. We believe there is a lot of upside potential in the stock as of now and set a target price of $51.00 based on a P/E multiple of 9.7x.

Bear of the Day: The market for home decor and gifts is highly competitive. Kirkland's Inc. primarily competes with specialty stores, department stores, discount stores, and catalog and Internet retailers that carry merchandise in one or more categories that Kirkland s does. Competing retailers include Bed, Bath & Beyond, Pier 1 Imports and Williams-Sonoma.

The global economic environment has been challenging for the past fifteen months. Declining real estate value, reduced lending by banks, solvency concerns of major financial institutions, increase in unemployment levels and significant volatility in the global financial markets have negatively impacted the level of consumer spending for discretionary items.

Our long-term Underperform recommendation on the stock indicates that it would perform well below the broader market. Our target price of $14.00, 11.3X 2012 EPS, reflects this view.

Latest Posts on the Zacks Stock Analysis Blog AT&T Meets EPS, Beats Revenues The second-largest U.S. mobile service provider, AT&T Inc. (T), declared its first quarter 2011 earnings before the opening bell. Adjusted earnings per share (EPS) of 57 cents were at par with the Zacks Consensus Estimate and a penny below the year-ago earnings.

In-line profits can be traced back to the loss of AT&T's exclusive hold on Apple Inc.'s iPhone during the quarter to its largest rival Verizon Communication .

Revenue spiked 2.3% year over year to $31.25 billion, inching past the Zacks Consensus Estimate of $31.22 billion. Revenues from the wireless segment reached an all-time high, powered by record net subscriber addition, connected device additions and higher smartphone sales. Wireline revenue, however, remained the dampener with declining traditional voice access lines.

In order to make up for the subscribers lost to Verizon, last month, AT&T announced its intention to acquire Deutsche Telekom unit T-Mobile USA, for $39 billion.

Get the full analysis of all these stocks About the Bull and Bear of the Day Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About the Analyst Blog Updated throughout every trading day, the Stock Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.

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 analyst 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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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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