• Wal-Mart (NYSE:WMT) reported estimate-topping results of 84 cents a share, three cents above Zacks estimates of 81 cents, on revenues of $98.67 billion, slightly below estimates of $99.50 billion. Comparable sales eased 0.4% from last year. The firm raised fourth quarter and full-year guidance to a range of $1.08-$1.12 for the quarter and $3.57-$3.61 for the year

• Kohl's (NYSE:KSS) reported results of 63 cents a share, above Zacks estimates of 61 cents, on revenues of $4.1 billion, above Zacks projections of $4 billion

• Banking analyst Richard Bove strongly advised purchase of Bank of New York Mellon (NYSE:BK) shares, saying the firm's multiple should be twice current levels due to growth prospects

• Motorola (NYSE:MOT) is considering sale of its Home and Networks Mobility division as part of its turnaround plan. Analysts value the unit at $3-$5 billion

• Hewlett-Packard (NYSE:HPQ) said it agreed to acquire 3Com (NASDAQ:COMS) for $7.90 per share,

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• Goldman Sachs (NYSE:GS) added Cytec Industries (NYSE:CYT) to its Conviction Sell List, with a target of $31.  The analyst warned of the bleak outlook for the late-cycle aerospace industry, and economic uncertainties in Europe, which represents 40% of sales

• JP Morgan (NYSE:JPM) plans to reinstate 401K matching programs starting with 2009 as well as plans to hire 1,200 mortgage officers

• Yahoo (NASDAQ:YHOO) CEO Bartz said the company is hiring again as the firm expects to increase its operating profit margin to the 15-20% range on cost cutting and sales growth

• Adobe Systems (NASDAQ:ADBE) said it plans to cut 680 jobs, or about 9% of its workforce, as part of a restructuring plan.  The company said the move would result in pre-tax charges of $65 million to $71 million, with $18 million to $20 million to be taken in the fourth quarter

• Monsanto (NYSE:MON) confirmed its full-year 2010 earnings outlook

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There was a time when the term “fuel cell” was linked almost exclusively with America’s space program. The fuel cells in space used hydrogen and oxygen to generate electricity for manned spacecraft, with the side benefit of producing drinking water. Few people will forget the near loss of Apollo 13 when a short circuit ignited oxygen inside a fuel cell tank. The resulting explosion crippled the craft, which eventually made it back to earth thanks to a level of creativity and intensity on the part of the crew and ground support personnel that can only be described as heroic. But fuel cells were around long before all that, and are now taking on a major role in more down-to-earth applications.

Fuel cells are electrochemical devices that convert a fuel, such as methanol or hydrogen, into electricity without burning. The principle behind the

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For Immediate Release

Chicago, IL – October 29, 2009 – Zacks Equity Research highlights Intersil Corporation (ISIL) as the Bull of the Day and Mack-Cali (CLI) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Ford (F), Paccar (PCAR) and United Technologies (UTX).

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:

Intersil Corporation (ISIL) is an OEM of analog and mixed signal semiconductor ICs. September quarter results beat consensus estimates on both the top and bottom lines. Forward guidance is for 3% revenue growth in the fourth quarter.

We expect an unfavorable mix of business through 2009, although management initiatives are likely to mitigate the impact. Management expressed confidence that the bottom is behind it, and judging from the increasing order rates and

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In September, new orders for Durable Goods (DG) rose by 1.0%, the up-leg of a recent seesaw pattern in this series. In August, DG orders fell by 2.6% following a 4.8% rise in July. The results were comfortably ahead of the 0.5% consensus expectations. However, over the last year, the seesaw pattern has mostly been a declining staircase. On a year-to-date basis, DG orders are down 24.1%. Much of the volatility in the sector stems from the Transportation sector, especially aircraft, since the gain or loss of a few 747 orders by Boeing (BA) can offset lots of orders for washing machines or even machine tools. Excluding Transportation, it was an even stronger month relative to expectations, with a 0.9% rise versus just a 0.1% rise expected. This follows a decline of 0.4% in August and a 0.9% rise in July. While the decline has been ...

• Adecco announced plans to acquire professional staffing firm MPS (NYSE:MPS) for $1.3 billion

• Pfizer (NYSE:PFE) bettered earnings and revenue expectations with third quarter adjusted results of 51 cents a share, 3 cent higher than Zacks estimates, on revenues of $11.6 billion, which beat Zacks estimates of $11.47 billion. Full-year guidance was also raised to $2.00-$2.05 from $1.90-$2.00 prior

• United Technologies (NYSE:UTX) third quarter numbers beat consensus estimates with earnings of $1.14 versus Zacks estimates of $1.12 on revenues of $13.38 billion up from estimates of $13.40 billion. The firm expects full year earnings in the mid-point of its earlier guidance of $4.00-$4.20

• State Street (NYSE:STT) reported third quarter operating earnings of $1.05 a share, beating Zacks estimates of $1.00 a share, as revenues of $2.77 billion were above estimates of $2.22 billion. However, the company lowered full-year operating results from $4.25-$4.50 to $4.13-$4.17

• Comerica (NYSE:CMA) reported third quarter earnings

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A bit of selling pressure sent major averages lower at the end of an otherwise upbeat week on Wall Street as Bank of America and General Electric’s numbers disappointed investors.  The Dow Jones industrial average, after closing above the 10,000 mark for two successive sessions, finished just below that level.  Despite the drop, stocks managed to post impressive gains on the week even as investors grew jittery about credit losses in the financial sector. 

Bank of America (NYSE:BAC) said it lost $2.2 billion during the quarter after it wrote down almost $10 billion in bad loans and General Electric’s (NYSE:GE) revenue numbers were below Street projections.  Higher loan losses aggravated investors’ concerns as Citigroup (NYSE:C) and JP Morgan (NYSE:JPM) had also reported higher loan losses during the quarter.  General Electric’s (NYSE:GE) results were impacted by lower earnings at its GE Capital unit.    

The 30-share Dow Jones industrial average fell

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The ISM's September manufacturing survey registered 52.6, down from 52.9 in August. It was the first monthly decline since December. The drop surprised economists, who were expecting an improvement to 54.0.

Every component of the index slowed, except for Supplier Deliveries and Backlog of Orders. More troubling, though, was the fact that the Employment component worsened to 46.2 from 46.4.

Nonetheless, the survey did signal that the economy is growing. If extrapolated, the September reading equates to GDP growth of 3.6%. However, the pace of recovery remains uneven, as was evident by the responses included in the survey:

"Business is picking up - lots of opportunities." (Primary Metals)

"Business remains slow, with no sign of improvement again this month." (Nonmetallic Mineral Products)

The ISM report comes out just as the IMF raised its projection for economic growth. The organization now expects the U.S. to increase output by 1.5% next year, slightly more than double

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The ISM's September manufacturing survey registered 52.6, down from 52.9 in August. It was the first monthly decline since December. The drop surprised economists, who were expecting an improvement to 54.0.

Every component of the index slowed, except for Supplier Deliveries and Backlog of Orders. More troubling, though, was the fact that the Employment component worsened to 46.2 from 46.4.

Nonetheless, the survey did signal that the economy is growing. If extrapolated, the September reading equates to GDP growth of 3.6%. However, the pace of recovery remains uneven, as was evident by the responses included in the survey:

"Business is picking up - lots of opportunities." (Primary Metals)

"Business remains slow, with no sign of improvement again this month." (Nonmetallic Mineral Products)

The ISM report comes out just as the IMF raised its projection for economic growth. The organization now expects the U.S. to increase output by 1.5% next year, slightly more than double

...

U.S. stocks jumped to their highest level in almost a year after Federal Reserve’s Beige Book survey said the economy is showing signs of stabilization.  Although shares closed off their session highs, the report was enough to lift sentiments on the Street.  However, the report did indicate that labor markets are weak and retail sales are not picking up.  Industrial shares rallied after Goldman Sachs raised its view on the U.S. multi-industry group, noting the industrial activity is picking up.  Treasuries made a partial comeback after the government’s 10-year note auction witnessed a strong response.

The greenback remained near its year lows against a basket of currencies while gold prices eased a little to settle at $995.30.  Crude prices were slightly up ahead of the September OPEC meeting.

The Dow Jones industrial average, which rose as much as 80 points earlier in the session, pared some gains to close

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