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Zacks Bull and Bear of the Day Highlights: SINA Corp., Koninklijke Philips Electronics N.V., Masco, Dryships and Ford. – Press Releases

Zacks Market Commentaries (June 11th, 2009) Writes:
For Immediate Release

Chicago, IL - June 11, 2009 - Zacks Equity Research highlights SINA Corp. (SINA) as the Bull of the Day and Koninklijke Philips Electronics N.V. (PHG) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Masco (MAS), Dryships (DRYS) and Ford (F).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all five stocks:

Bull of the Day:

SINA Corp. (SINA) is a leading provider of online media and value-added information services to the global Chinese community. The company posted a year-over-year increase in revenue, but results were below our estimates. SINA provided encouraging Q2 guidance.

However, economic growth in the country has continued to slow during to the global downturn. The company is also facing severe competition in

...

Beige Book: Recession Moderating – Analyst Blog

Charles Rotblut (June 10th, 2009) Writes:
The recession is moderating, though growth will not occur in the second halfThe June Beige Book confirmed what I have been saying for weeks: the pace of deterioration has slowed. Five districts said that the "downward trend is showing signs of moderating."Counter-balancing this was the expectation that there will not be "a substantial increase in economic activity" throughout the remainder of the year. Again, this is inline what with the trends I'm drawing from the economic and earnings estimate revision data. Conditions are improving, but we are nowhere near to getting out the woods.On the positive side, signs of improvement were noted in import and export activity, discount retail and lower-priced homes. Though this might sound like good news for Masco (MAS) or Dryships (DRYS), it's important to note that we're still far from a recovery in housing or transportation....

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