Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

AES Corp (AES) Akzo Nobel NV (AKZOY) Alliance Financial Corp (ALNC) Atlantic Tele-Network Inc (ATNI) BASF SE (BASFY) Biovail Corp (BVF) Carbo Ceramics Inc (CRR) Cato Corp (CATO) Cellcom Israel Ltd (CEL) Chunghwa Telecom Co Ltd (CHT) Covidien Plc (COV) DG FastChannel Inc (DGIT) Diodes Inc (DIOD) Dover Corp (DOV) E.ON AG (EONGY) Endurance Specialty Holdings Ltd (ENH) Gap Inc (GPS) Investors Bancorp Inc ...

DrStockPick.com Stock Report!

Thursday August 27, 2009

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Fujitsu Microelectronics Limited and Taiwan Semiconductor Manufacturing Company, Ltd. (NYSE: TSM) today announced that they have agreed to collaborate on 28-nanometer (nm) process technology targeted for foundry production of Fujitsu Microelectronics’ 28nm logic ICs and to jointly develop an enhanced 28nm high-performance process technology by utilizing TSMC’s advanced technology platform. Previously, both companies announced that Fujitsu Microelectronics will collaborate with TSMC on 40nm production. This will extend Fujitsu Microelectronics’ 40nm collaboration with TSMC and covers joint development of an optimized 28nm high-performance process technology. Initial 28nm samples are expected to ship toward the end of 2010.

UCB and Immunomedics (Nasdaq:IMMU) announced

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Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

Accuride Corp (AURD) Analogic Corporation (ALOG) Berkshire Hills Bancorp Inc (BHLB) Boise Inc (BZ) CAI International Inc (CAP) Chunghwa Telecom Co Ltd (CHT) Ciena Corp (CIEN) Commerce Bancshares Inc (CBSH) Dime Community Bancshares Inc (DCOM) Discover Financial Services (DFS) First Security Group Inc (FSGI) First State Bancorp NM (FSNM) FNB United Corp (FNBN) Georgia Gulf Corp (GGC) GreenHunter Energy Inc (GRH) The Hain Celestial Group Inc (HAIN) Independent Bank Corp (IBCP) Irwin Financial Corp (IFC) Itron Inc (ITRI) ITT Corp (ITT) KB Financial Group Inc (KB) Kelly Services Inc (KELYA) Kubota Corp (KUB) Liberty Property Trust (LRY) Marine Products Corp (MPX) Nara Bancorp Inc (NARA) Nu Horizons Electronics Corp ...

Here are the stocks added to the Zacks #5 Rank ("strong sell") List today:

American Oil & Gas Inc (AEZ) Baker Hughes Inc (BHI) The Bank of New York Mellon Corp (BK) Callwave Inc (CALL) Capital Trust Inc (CT) Chunghwa Telecom Co Ltd (CHT) Concho Resources Inc (CXO) Daimler AG (DAI) DreamWorks Animation SKG Inc (DWA) Eaton Corp (ETN) Ensco International Inc (ESV) Fairfax Financial Holdings Ltd (FFH) Hartford Financial Services (HIG) Hawaiian Electric Industries Inc (HE) JDA Software Group Inc (JDAS) Lennox International Inc (LII) Nordson Corp (NDSN) Northern Trust Corp (NTRS) Reliance Steel & Aluminum (RS) S&T Bancorp Inc (STBA) Teck Cominco Ltd (TCK) Teleflex Inc (TFX) Weingarten Realty Investors (WRI) View the entire Zacks #5 Rank List.

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Chunghwa Telecom Co., Ltd. (CHT) announced better-than-expected second quarter 2008 financial results. This was primarily due to improved gross margin and higher non-operating income. Robust growth of Internet & Data and Wireless value-added services boosted sustainable long-term business prospects for the company.

We believe the gradual migration to 3G mobile technology is likely to benefit the company's financials moving forward. Ongoing implementations of next-generation converged-IP networking are expected to position Chunghwa as a premier high-speed wireless and wireline carrier.

This new endeavor will also enable the company to provide services in different regions of Europe and the U.S.A. In synergy with its strong balance sheet, management indicated that Chunghwa may consider deploying 4G mobile technologies of LTE or WiMAX. We maintain our Buy recommendation and the same valuation target.

In order to provide high-quality mobile services to subscribers, the company is expanding its 3G WCDMA and HSDPA network using Nokia

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We maintain our Buy recommendation and the same valuation target for Chunghwa Telecom Co. Ltd. (CHT), the largest integrated telecom operator in Taiwan, ahead of its second quarter fiscal 2008 earnings results.

Robust growth of Internet & Data and Wireless value-added services boosted the sustainable long-term business prospects for the company. We believe the gradual migration to 3G mobile technology is likely to benefit the company’s financials moving forward.

Since the telecom subscriber base of Taiwan is near saturation, Chunghwa has undertaken initiatives, in synergy with its strong balance sheet, to implement a next-generation converged-IP network as it expands coverage outside Asia. This new endeavor enables the company to provide services in different regions of Europe and the U.S.A.

Chunghwa Telecom is trading at 17.9x our estimate for 2008 earnings, which represents a premium to both the S&P 500 and the peer group (which includes other Asian telecom carriers) average.

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