CHICAGO, July 22, 2014 /PRNewswire/ --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 includethe Intel (Nasdaq:INTC-Free Report), Google (Nasdaq:GOOGL-Free Report), Yahoo (Nasdaq:YHOO-Free Report), Advanced Micro Devices (NYSE:AMD-Free Report) and Facebook (Nasdaq:FB-Free Report).
Today, Zacks is promoting its 'Buy' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Monday's Analyst Blog:
Technology Stock Roundup: Q2 Earnings Version
The tech earnings season kicked off last week, with Intel (Nasdaq:INTC-Free Report) and Google (Nasdaq:GOOGL-Free Report) pulling off another solid quarter, while Yahoo (Nasdaq:YHOO-Free Report) and Advanced Micro Devices (NYSE:AMD-Free Report) disappointed. Here are the top stories:
Earnings Highlights
Intel Shares Up: Intel shares jumped post its very strong second-quarter results that saw earnings growing strong double digits and moving past management guidance and our estimates. The results indicated PC and data center strength and a growing IoT (Internet of Things) segment. Mobile profits remain a disappointment for now, but unit growth remains on track. Mobile volumes should accelerate in the second half of 2014 but in the meantime, subsidies (contra revenue) continue.
Google Also Up: Google missed our earnings estimate while exceeding on the top line. Its pains: proliferation of mobile that is seeing Facebook (Nasdaq:FB-Free Report) stealing digital ad market share and CPC declines that are being precipitated by programmatic buying trends. Its strengths: very strong growth even after several years in operation, a high level of innovation that has in fact picked up pace in the last few years and solid execution in the face of a constantly changing competitive landscape.
YahooFalls: Investors are increasingly concerned about Yahoo's core business as the Alibaba IPO draws near. Mayer had planned to turn around the company in three years and two of those are up. So the clock is ticking and no one can really wait. Then the company reports results that just about meet estimates including gains from patent sales and a lower share count. No one is actually seeing the growth in display volumes, they are instead watching the decline in price per ad.
Similarly, the increased price per click in the search business is not as eye-catching as the lackluster growth in paid clicks. So naturally, the only reason to cheer is the fact that Yahoo will now sell only 140 million Alibaba shares instead of the previously-agreed upon 208 million because this enables it to participate in Alibaba's growth.
AMDFallsFurther: AMD shares plunged over 16% as the chipmaker missed earnings estimates and provided a very disappointing guidance. The AMD turnaround story hinges on diversification away from PCs and strength in gaming devices where it has won sockets at all the leading consoles. But that doesn't mean people won't compare its PC market performance with that of Intel's and punish the shares for the relative weakness.
Nor can they forgive management for falling behind in the turnaround plan. Moreover, the current quarter is likely to be its strongest for gaming devices, but apparently not strong enough to generate an encouraging revenue guidance.
Today, Zacks is promoting its 'Buy' stock recommendations. Get #1Stock of the Day pick for free.
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