• Kraft (NYSE:KFT) reported third quarter earnings of 55 cents a share on revenues of $9.8 billion, beating Zacks estimates of 48 cents, but slightly below revenue projections of $10.24 billion

• MedcoHealth Solutions (NYSE:MHS) reported third quarter earnings of 75 cents ex-items, 4 cents above Zacks estimates, on revenues of $14.80 billion, up from estimates of $14.71 billion

• Miller Tabek upgraded entertainment stocks such as CBS (NYSE:CBS), Entravision (NYSE:EVC), News Corp. (NASDAQ:NWS), Viacom (NYSE:VIA.B), and Disney (NYSE:DIS) from "neutral" to "buy"

• Disney (NYSE:DIS) said China approved its plans for a $3.5 billion theme park in Shanghai, set to open in 2014 at the earliest

• Time Warner (NYSE:TWX) reported third quarter earnings of 61 cents a share, ahead of Zacks estimates of 52 cents.  Revenue of $7.14 billion was almost inline with Zacks estimates.  The firm said it sees full-year earnings of at least $2.05

• Garmin (NASDAQ:GRMN) reported third quarter earnings

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For Immediate Release

Chicago, IL – July 29, 2009 – 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: SRS Labs (SRSL), Techwell (TWLL), Garmin (GRMN), Panasonic (PC) and Ford (F).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Tuesday’s Analyst Blog:

Auto Electronics Poised for Growth

A recent iSuppli report painted a brighter picture for the auto industry, and the electronics segment of the industry in particular. Auto sales are expected to increase in the second half of the year, growing up to 5.7% in 2010. Electronic components, such as audio head units,

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A recent iSuppli report painted a brighter picture for the auto industry, and the electronics segment of the industry in particular. Auto sales are expected to increase in the second half of the year, growing up to 5.7% in 2010. Electronic components, such as audio head units, personal navigation devices (PNDs), advanced driver assistance systems (ADAS), embedded telematics systems and Bluetooth are expected to benefit.

This should be good news for companies like SRS Labs (SRSL), Techwell (TWLL), Garmin (GRMN) and TomTom.

SRS management stated that its auto business fared better than the overall auto industry in the first quarter. The company’s customers in the auto market are Panasonic (PC), Kenwood, Pioneer and Fujitsu-Ten.

Comments made by car makers such as Ford (F) that demand for cars incorporating electronics exceeds demand for cars without them further validates this view. Techwell’s video decoding systems are targeted at navigation, entertainment

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* Garmin (NASDAQ:GRMN) reported first quarter earnings of 25 cents a share, a 17 cent miss, as revenues declined 34.2% year-over-year to $437 million

* Agrium (NYSE:AGU) reported first-quarter earnings of 4 cents a share, a 20 cent miss, as revenues jumped 58.4% year-over year to $1.75 billion.  The Company said it expects second quarter earnings of $2.00 to $2.40 a share, versus consensus estimates of $2.77

* Foster Wheeler (NASDAQ:FWLT) reported first quarter earnings of 59 cent a share, a 9 cent miss, as revenues declined 29.6% year-over-year to $1.3 billion

* Devon Energy (NYSE:DVN) reported earnings of 48 cents a share, beating Street estimates by 20 cents, as revenues plunged 31.8% year-over-year to $2.0 billion

* Genentech (NYSE:DNA) received accelerated FDA approval of its Avastin drug for the treatment of brain cancer patients

Zacks Investment Research

GTX Corp. (GTXO.OB), a leader in the emerging location-based GPS and two-way Personal Location Service (PLS) systems market, has a very good reason to be bullish on its prospects. Analysts see nothing but good times ahead for the company’s targeted industry. In fact, “location-aware” applications were recently predicted by the Gartner Group to “hit mainstream adoption in the next two to five years”. Any time the term “mainstream adoption” is used unhesitatingly by respected analysts, even the most conservative investors begin to take notice.

GPS/PLS services are being called the next globally transparent technology, with overall location-aware services projected to be an $8 billion industry by 2011. As the basic GPS market exploded, established companies like Garmin (Nasdaq: GRMN), which provides in-car and other GPS navigation devices, have reaped the benefits, now reporting annual revenue in the billions.

But GTX Corp has taken the

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Current economic conditions show positive results for the tech leader, Garmin (GRMN). Katherine Schildt of Investment U says that, “with new products on the horizon, and an obvious demand for its products, Garmin’s future is looking much brighter.”This from Katherine:

Navigation devices have become increasingly popular over the years, and the leader in the United States is Garmin Ltd. (Nasdaq: GRMN).

Shares of Garmin Ltd., headquartered in Olathe, KS, soared 17% this morning from Friday’s close, giving hope to a company that has been struggling over past few months.

Its biggest issue recently has been inventory, but it was able to reduce that by $274 million in the quarter.

“It’s a sign that they may not have to price as aggressively to move the inventory in a slower economic environment,” John Bright said, analyst for Avondale Partners LLC.

Despite poor fourth-quarter results, analysts are focusing on the past year

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A few years back, I couldn’t believe that my father had finally bought a Garmin (NASDAQ:GRMN) GPS navigation system. It was a removable one, and the thing wasn’t cheap – around $600. We went to Orlando to look at real estate deals (back during the boom years) and just as I suspected, we got completely lost.

None the less, my dad loved the damn thing. And admittedly, I have one too (because they’re a lot better!). In fact, millions of people do. Garmin’s stock soared for years on the back of increased sales of their GPS units.

But you have to wonder whether people are willing to fork out a few hundred bucks on a non-essential when they’re about to lose their homes, their car, probably their dogs too.

Remember, markets are forward looking. What this decline from $120 to $17.20 per

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Q: What’s the outlook for Garmin Ltd., the GPS system maker? Reader Diane Begue of Medina, Ohio Garmin Ltd. (Nasdaq: GRMN), a leading producer of global-positioning systems, has a strong market position, meaning its stock should deliver nice profits if purchased at the current low valuation. It was just about midnight, on a chilly and rainy Dec. 10, when the diesel engine of my 42-foot sailboat, “Southern Cross,” suddenly stopped dead in the middle of the Delaware Channel, just north of the Elbow of Cross Ledge, two thirds of the way up the Delaware Bay from Cape May. I knew I was in trouble. The green-and-red bow lights of a big freighter less than a mile behind me indicated that I was smack in the middle of his intended course. And with my 11-year-old daughter sleeping deeply down below as my sole company on board ...

It seems like every new car, even those under $25,000 have built in navigation systems, and those that don’t, offer it as an option. I live in Los Angeles, where driving is like eating – everyone does it, so it is not uncommon to glance at the car sitting next to you in traffic and see a GPS navigation system on the dashboard.