Archive for 'CFO'

Capital Financial Global, Inc. (OTC:CFGX), announced today that it has acquired a 100% interest in the St. Louis Gold Mine in Clark County, Nevada.

The St. Louis Mine is comprised of Arctic, Atlantic, Pacific, Baltic, and Antarctic Lode patented gold and silver mining claims situated on 85.54 acres of property located in Clark Country, Nevada, approximately four miles north of Searchlight, Nevada, a well-known gold mining area.

The move is consistent with the Company’s stated long term strategy to back its lending operation by gold and precious metals so it can be insulated against another credit crisis, wherein much of the world’s core assets were devalued almost overnight.

“I want to make sure the back-bone of this company consists of assets that have intrinsic value and that can be freely traded anywhere in the world without being subject to third-party appraisals or local housing prices, and precious metals are really good for that,” said Mr. Paul Norat, CEO of Capital Financial Global, Inc.

Mr. Norat further stated, “Every monetary system in the world is supposed to be backed by gold, it only makes sense that we aspire to do the same.”

About Capital Financial Global, Inc.

Capital Financial Global, Inc. (OTC:CFGX) is a specialty finance company that facilitates the movement of credit and illiquid assets in the secondary debt markets, by originating new loans, buying and selling existing loans, and by converting assets upon which these loans are secured into cash or trade-able form.  The company is publicly traded on the OTC Markets trading system under the symbol CFGX.

Our Business Model

The Company makes money by originating new loans, buying and selling existing loans, and by converting assets upon which these loans are secured into cash or trade-able form.

Our Basic Strategy

The Company looks for opportunities for arbitrage by exploiting price differences in assets and interest rates due to distressed economic conditions rather than deterioration in the intrinsic value of the assets themselves.

Market Segments

The market segments the Company operates in are: residential & commercial real estate, insurance trusts and pension funds, precious metals, and investment grade government securities. The Company will also aggressively pursue any other opportunities that falls within its overall strategy.

Forward-looking statements:

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as “may,” “will,” “should,” “could,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “forecasts,” “potential,” or “continue,” or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact:
Capital Financial Global, Inc.
www.capfiglobal.com
Email: ir@capfiglobal.com
Tel:  801-747-2000

Web Site: http://www.capfiglobal.com

The Editorial Advisory and Securities Review Committee of BetterInvesting Magazine today announced Thoratec Corporation (NDQ: THOR) as its October 2011 “Stock to Study” and Praxair, Inc. (NYSE: PX) as its October 2011 “Undervalued Stock” for investors’ informational and educational use.

“The committee chose Thoratec because of its historical high growth, strong current fundamentals and continued opportunities for its medical devices for circulatory support,” said Adam Ritt, editor of BetterInvesting Magazine. “For the Undervalued selection, the committee cited Praxair’s attractive business model, which relies on long-term contracts with its industrial-gas customers, and opportunities in emerging markets.” Check BetterInvesting Magazine’s October issue for more details about these selections.

Committee members are Robert M. Bilkie, Jr., CFA; Daniel J. Boyle, CFA; Philip S. Dano, CFA; Donald E. Danko, CFA; Maury Elvekrog, CFA; Walter J. Kirchberger, CFA; Marisa Lenhard, CFA; and Paul McVey, CFA.

As stated, the BetterInvesting committee’s Stock to Study and Undervalued Stock choices are for the informational and educational uses of investors and are not intended as investment recommendations. BetterInvesting urges investors to educate themselves about the stock market so they can make informed decisions about stock purchases. For more information about investment education tools available to individual investors and investment clubs visit www.betterinvesting.org.

BetterInvesting Magazine is published monthly by BetterInvesting.
BetterInvesting is the brand identity of the National Association of Investors Corporation, a national, nonprofit association with members consisting of individual investors and investment clubs. Founded in 1951 and with headquarters in Madison Heights, Mich., BetterInvesting is considered the voice of the individual investor, as well as the pioneer of the modern investment club movement. BetterInvesting is dedicated to providing a sound program of investment education and information to help its members become successful long-term, lifetime investors. For more information about BetterInvesting, visit its website at www.betterinvesting.org or call toll free (877) 275-6242. For additional BetterInvesting data and news releases, visit the Media Center at www.betterinvesting.org/mediacenter.

http://www.betterinvesting.org

Zacks Releases Strong Sell List

Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): Ameron International Corporation (NYSE: AMN) and Watsco, Incorporated (NYSE: WSO). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) and Amedisys, Inc. (Nasdaq: AMED).

To see the full Zacks #5 Rank List – Stocks to Sell Now visit: http://at.zacks.com/?id=92

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs. +10%). While the rest of Wall Street continued to tout stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid.

Here is a synopsis of why AMN and WSO have a Zacks Rank of #5 (Strong Sell) and should most likely be sold or avoided for the next one to three months. Note that a #5 Strong Sell rating is applied to 5% of all the stocks in the Zacks Rank universe:

Ameron International Corporation (NYSE: AMN) announced second-quarter profit of 11 cents per share on July 8 that missed analysts’ expectations by 81.7%. The Zacks Consensus Estimate for the current year slipped to $1.40 per share from $1.95 per share in the last 30 days as next year’s estimate dipped 9 cents per share to $3.45 per share in that time span.

Watsco, Incorporated (NYSE: WSO) posted a second-quarter profit of $1.09 per share on July 26, which came in 21 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $2.91 per share from $3.20 per share over the past month. For 2012, analysts expect a profit of $3.59 per share, compared to last month’s projection for a profit of $3.96 per share.

Here is a synopsis of why REGN and AMED have a Zacks Rank of 4 (Sell) and should also most likely be sold or avoided for the next one to three months. Note that a #4 Sell rating is applied to 15% of all the stocks ranked by Zacks;

Regeneron Pharmaceuticals, Inc. (Nasdaq: REGN) second-quarter loss of 69 cents per share, posted on July 28, lagged analysts’ projections by 68.29%. Estimate for current year slid 45 cent per share to a loss of $2.33 per share over the past month as next year’s estimate dipped 35 cents per share to a loss of $1.30 per share in that time span.

Amedisys, Inc. (Nasdaq: AMED) reported a second-quarter profit of 67 cents per share on August 2 that fell 2.90% short of the Zacks Consensus Estimate. The full-year average forecast is currently $2.30 per share, compared with last month’s projection of $3 per share. Next year’s forecast dropped to $2.93 per share from $3.09 per share in the same period.

Truly taking advantage of the Zacks Rank requires the understanding of how it works.  The free special report; “Zacks Rank Guide: Harnessing the Power of Earnings Estimate Revisions” is available to provide this insightful background. Download a free copy now to prosper in the years to come at http://at.zacks.com/?id=93

About the Zacks Rank

Since 1988, the Zacks Rank has proven that “Earnings estimate revisions are the most powerful force impacting stock prices.” Since inception in 1988, #1 Rank Stocks have generated an average annual return of +28%. During the 2000-2002 bear market, Zacks #1 Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%. Also note that the Zacks Rank system has just as many Strong Sell recommendations (Rank #5) as Strong Buy recommendations (Rank #1). Since 1988, Zacks Rank #5 stocks have significantly underperformed the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Zacks “Profit from the Pros” e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=94

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=95

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Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer:  Past performance does not guarantee future results.  Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
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http://www.zacks.com

Online Real Estate Co., Move, Inc. (NASDAQ: MOVE) Loses CFO

Online Real Estate Co., Move, Inc. (NASDAQ: MOVE) Loses CFO-Image by Getty Images via @daylife

Move, Inc. (NASDAQ: MOVE), the leader in online real estate, announced today that the Company’s Chief Financial Officer Rob Krolik has tendered his resignation in order to accept the same position at Yelp!, Inc. Move, Inc. will immediately begin an executive search for a new chief financial officer. Mr. Krolik will assist in the transition of his duties.

“Rob has been a great partner and I want to thank him for his many important contributions to Move,” said Steve Berkowitz, CEO of Move. “Over the past two years, we’ve made tremendous progress realigning the company to connect consumers with real estate professionals and to take advantage of the large online real estate opportunity.  I wish Rob all the best with his new role.”

Rob Krolik stated, “I have really valued my time at Move and believe strongly that the company has the ability to capitalize on the many opportunities in front of it. I am extremely proud of what has been accomplished thus far and I wish Move and all of my colleagues and friends the best going forward.”

This press release may contain forward-looking statements, including information about management’s view of Move’s future expectations, plans and prospects, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Move, its subsidiaries, divisions and concepts to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents Move files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on Move’s future results. The forward-looking statements included in this press release are made only as of the date hereof. Move cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Move expressly disclaims any intent or obligation to update any forward-looking statements to reflect subsequent events or circumstances.

ABOUT MOVE, INC.

Move, Inc. (NASDAQ: MOVE) is the leader in online real estate with over 23 million monthly visitors(1)to its online network of websites. Move, Inc. operates: Move.com, a leading destination for information on new homes and rental listings, moving, home and garden and home finance; REALTOR.com®, the official website of the National Association of REALTORS®; MortgageMatch.com, Moving.com; SeniorHousingNet; ListHub; and TOP PRODUCER Systems. Move, Inc. is based in Campbell, California.

(1)comScore Media Metrix, June 2011 Key Measures Report
http://www.move.com

Gold Prices Rise on Russian Gold Purchase


The price of gold is expected to increase $6 to $10 a day until an agreement is reached by the House of Representatives according to Regal Assets. While most investors remain optimistic that there will be a deal reached by the deadline, the topic is causing other areas of the US economy to be exposed such as state debt and bank closures.

According to the FDIC three banks were closed on Friday by the regulators taking the count of U.S. bank closures in 2011 to 58 averaging about 8 per month. The 157 bank closures in 2010 was up from 140 in 2009, and more than six times of the 25 bank failures in 2008. Only three banks failed in 2007.

The stress of US local debt to the national debt has international investors demanding gold bullion over the US dollar. The Central Banks of the Russian Federation keep about 50 percent of its reserves in United States dollars released its official international reserves statement showing a net accumulation of more than 200,000 ounces of gold.

Tyler Gallagher of Regal Assets says “Russia’s gold behavior is grounded in the country’s hard-learned lessons about commodity markets”. Since its financial crisis in 1998, Russia has enacted policies intended to counterbalance the historical cycles of commodity prices to protect the economy during downturns. China, which is facing high inflation, has a 10-year gold buying plan for its central banks.

Regal Assets is encouraging American investors to keep pace with global investment strategies. Regal offers gold in 1 oz gold bars or gold bullion coins that are internationally recognized. Americans can buy gold and silver online and have it shipped direct to their home for physical delivery by calling 1-877-962-1133 or online http://www.RegalGoldCoins.com

 


Zacks Equity Research highlights El Paso Corporation (NYSE: EP) as the Bull of the Day and The Goldman Sachs Group Inc. (NYSE: GS) as the Bear of the Day. In addition, Zacks Equity Research provides analysis Skyworks Solutions, Inc. (Nasdaq: SWKS), Verizon (NYSE: VZ) and AT&T (NYSE: T).

Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.

Here is a synopsis of all five stocks:

Bull of the Day:

El Paso Corporation’s (NYSE: EP) high-grade E&P assets and large inventory of pipeline projects offer significant value in the long run. The company benefits from hedging a substantial portion of its future production, which offers operating clarity and cash-flow visibility even when energy prices remain volatile.

We believe the competence of management and the company’s access to financing will enable successful execution of El Paso’s industry-leading pipeline backlog going forward. We upgrade our recommendation for EP shares to Outperform based on the company’s announcement to split its business into two strong stand-alone entities, as well as its raised 2011 guidance.

We believe the separation will enable further balance sheet improvement and greater operational transparency for the new company. El Paso possesses a Zacks #1 Rank, indicating a Strong Buy.

Bear of the Day:

The Goldman Sachs Group Inc. (NYSE: GS) reported second quarter 2011 earnings per share of $1.85, significantly below the Zacks Consensus Estimate of $2.29 per share. Coupled with global macroeconomic concerns, the results deteriorated driven by a decrease in revenue and poor performance in the Institutional Client Services division.

Further, the Investing and Lending division also recorded lower revenues. After reviewing the results, we are maintaining our Underperform recommendation on the shares.

Our six-month price target of $117.00 equates to about 9.3x our earnings estimate for 2011. Combined with the $0.35 per share dividend, the price target implies an expected negative total return of 8.4% over that period, which is consistent with our Underperform recommendation.

Latest Posts on the Zacks Analyst Blog:

Skyworks Beats Expectations

Skyworks Solutions, Inc. (Nasdaq: SWKS) reported revenues of $356.1 million, which surpassed management’s guidance of $345 million. The reported figure includes $6.5 million of revenue from the acquisition of SiGe semiconductor (which closed on June 10, 2011).

Excluding the SiGe contribution, revenue would’ve been $350 million, up 27% year-over-year organically.

Skyworks posted a net income of $51.5 million or $0.27 per diluted share compared to a net income of $34.7 million or $0.19 per diluted share in the year-ago quarter. Excluding acquisition-related charges but including stock-based compensation expense, Skyworks reported a net income of $0.41 per share, beating the Zacks Consensus Estimate by a penny.

Guidance

Going forward, Skyworks projects revenues of $400 million, with a $20 million – $25 million from the SiGe acquisition. Gross margin is expected around 44.6% – 45.0%.  Excluding stock-based compensation expenses and restructuring charges, EPS is expected at $0.53.

Skyworks continues to benefit from strong underlying demand in the mobile Internet market driven by market share gains and new product ramps. Broadband mobile subscriptions continue to grow in leaps and bounds.

The advent of cloud computing is expected to take the trend further with the ever-growing need for wireless connectivity. The products from Skyworks support all smartphone and tablet operating systems, including Android, Symbian, Windows Mobile and others.

Skyworks continues to gain traction on the network infrastructure side of the mobile Internet connection as operators install new base stations, new routers, and back-haul equipment to expand coverage of data services and prepare for next generation LTE deployments.

As carriers like Verizon (NYSE: VZ) and AT&T (NYSE: T) accelerate their LTE plans, Skyworks expects a solid opportunity for growth in the coming years with its broad product portfolio.

Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About the Analyst Blog

Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks “Profit from the Pros” e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=7158.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment

Research is through our free daily email newsletter; Profit from the Pros. In short, it’s your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4582.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com
http://www.zacks.com

OTC Markets Group Inc. (OTCQX: OTCM) is pleased to announce the appointment of Wendy Fraulo to serve as the Company’s Chief Financial Officer effective July 25, 2011. Ms. Fraulo will oversee the financial operations of OTC Markets Group, the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.

“We are excited to bring Wendy on board,” said R. Cromwell Coulson, President and CEO.  “Wendy’s strong accounting background and extensive experience analyzing complex financial systems make her a valuable asset to our team.  I look forward to working with Wendy as we continue to build better marketplaces for investors, create innovative solutions for our subscribers, and grow value for our shareholders.”

Ms. Fraulo comes to OTC Markets Group with 12 years of public accounting experience, the last 9 at Deloitte & Touche LLP where she most recently served as a Senior Manager in M&A Transaction Services.  Prior to her role in M&A, she was a Senior Manager in the Assurance practice, serving Deloitte’s technology, media and telecommunications clients.  Previously, Wendy spent three years in the Technology, Media and Telecommunications group at Arthur Andersen LLP.  Wendy is a graduate of Fairfield University and is qualified as a Certified Public Accountant in Massachusetts and New York.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCQX: OTCM) operates the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks.  Our OTC Link™ platform supports an open network of competing broker-dealers that provide investors with the best prices in over 10,000 OTC securities.  In 2010, securities on OTC Link traded over $144 billion in dollar volume, making it the third largest U.S. equity trading venue after NASDAQ and the New York Stock Exchange.  We categorize the wide spectrum of OTC-traded companies into three tiers – OTCQX® (the quality controlled marketplace for investor friendly companies), OTCQB® (the U.S. reporting company marketplace for development stage companies) and OTC Pink™ (the speculative trading marketplace) – so investors can identify the level and quality of information companies provide.  To learn more about how OTC Markets Group makes the unlisted markets more transparent, informed, and efficient, visit www.otcmarkets.com.
http://www.otcmarkets.com

Arkansas Best Corporation (Nasdaq: ABFS) today announced that Steven L. Spinner, current President and Chief Executive Officer of United Natural Foods, Inc. (Nasdaq: UNFI) has been appointed to the Arkansas Best Corporation Board of Directors, effective July 21, 2011.

“As the current chief executive of a publicly-traded company for which efficient distribution of goods is so important, Steve Spinner will be a great resource for Arkansas Best,” said Judy R. McReynolds, Arkansas Best President and Chief Executive Officer. “We are excited and pleased to welcome him to our board.”

Mr. Spinner, 51, has led UNFI and served as a member of its board since September 2008.  Prior to joining UNFI, Mr. Spinner was President and Chief Executive Officer of Performance Food Group Company (“PFG”), the third largest broadline food service distributor in the United States.  He served in several capacities during his time at PFG.  From October 1997 to October 2000, Mr. Spinner was the President of AFI Foodservice Distributors, Inc., a wholly owned subsidiary of PFG.

As an Arkansas Best board member, Mr. Spinner will also serve on the board’s Audit Committee.

Arkansas Best Corporation, headquartered in Fort Smith, Arkansas, is a transportation holding company. ABF Freight System, Inc., Arkansas Best’s largest subsidiary, has been in continuous service since 1923. ABF has evolved from a local less-than-truckload (LTL) motor carrier into a global provider of customizable supply chain solutions.  More information is available at arkbest.com and abf.com.

Contact: Mr. David Humphrey, Vice President of Investor Relations & Corporate Communications
Telephone: (479) 785-6200

http://www.arkbest.com
http://www.abfs.com

Zacks Enters Long Term Partnership With WRDS

The Wharton School of the University of Pennsylvania and Zacks Investment Research, Inc. a leading provider of research, historical market data and workflow solutions announced today that Wharton Research Data Services (WRDS) will now carry the Zacks data on its platform. The select datasets consist of earnings, sales estimates and surprises, pre-announcements, analyst ratings, and target prices for all listed and non-listed issues. WRDS is the leading, comprehensive, internet-based data research service used by academic, government, and corporate firms.  The Zacks database will be hosted on the powerful WRDS Cloud, optimized to effectively meet research needs for the extraction and analysis of financial and economic data.

“Zacks is proud and honored to commence this long-term partnership with WRDS,” said Ausra Di Raimondo, EVP of Academic/Non-Profit data services at Zacks. “This type of data plays a critical role in in-depth academic equity trading research and corporate analytics and back-testing strategies. We are excited to be recognized by WRDS as a valuable data partner in fulfilling its mission to continue to be the leading business intelligence tool for a global research community.”

Robert Zarazowski, WRDS Senior Director, added, “”WRDS is delighted to announce this partnership with Zacks Investment Research. Their data enhances the depth and breadth of analyst databases available through WRDS, and allows us to complement our existing products to meet the needs of academic researchers and commercial clients. The value of Zacks data have been proven over the years, as research work using Zacks’ data have been published in both premier academic journals and widely circulated practitioner oriented publications.”

About WRDS

Wharton Research Data Services (WRDS) is the leading, comprehensive, internet-based data research service used by academic, government, non-profit institutions, and corporate firms. WRDS provides the user with one location to access over 200 terabytes of data across multiple disciplines including Finance, Marketing, and Economics. WRDS provides flexible data delivery options including a powerful web query method that reduces research time.  WRDS provides flexible data delivery options including a simple but powerful web query method, and provides Researchers with the ability to reduce their research time and execute strategy development on the powerful WRDS Cloud.  Developed in 1993 to support faculty research at The Wharton School of the University of Pennsylvania, WRDS has since evolved to become the standard tool for a global research community of 30,000 users at over 300 institutions in 27 countries. http://wrds.wharton.upenn.edu

About The Wharton School

The Wharton School of the University of Pennsylvania — founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 88,000 graduates.

About Zacks

Zacks Investment Research, based in Chicago, Ill., has been a leading provider of research, market data, and quantitative models to institutional investment management firms in the US and Canada for over 30 years. Recognized for quality, consistency and reliability, Zacks provides institutional and individual investors with the analytical tools and financial information necessary to the success of their investment process. Founded in 1978, Zacks’ early contribution to investment analysis was the discovery that earnings per share estimate revisions are the most powerful force affecting stock prices. This discovery is built into the Zacks Rank proprietary methodology for predicting stock price performance. The Zacks Rank has produced average annual returns in excess of 28% since 1988. The premier source of analysts’ earnings forecasts, today Zacks produces data feeds for estimates, ratings, earnings report data, fundamental data, and institutional holdings for US and Canadian traded equities, as well as investment research reports and research software tools for investors. For more Zacks expertise, look for Dr. Zacks “The Handbook of Equity Market Anomalies: Translating Market Inefficiencies into Effective Investment Strategies” which will be in bookstores on October 4th, 2011. To learn more about performance information, please go to http://www.zacks.com/performance/.

Wharton Research Data Services (WRDS) Contact:
Robin Gold – 877-438-9737, wrds@wharton.upenn.edu

Zacks Contact:
Ausra Di Raimondo – (312) 265-9214, adiraimondo@zacks.com

http://www.zacks.com

Walt Disney Company (NYSE: DIS) Gets Top Stock Pick

Walt Disney Company (NYSE: DIS) Gets Top Stock Pick-Image via CrunchBase

Walt Disney Company (NYSE: DIS) ($39) has been picked by Standard & Poor’s Equity Research as its Focus Stock of the Week.  DIS carries S&P’s highest investment recommendation of 5-STARS, or Strong Buy.

“Our investment opinion reflects expectations that the company will be a major beneficiary of a continued macroeconomic rebound, as well as improving business fundamentals across virtually all of its globally diversified core businesses,” said Tuna Amobi, Media & Entertainment Equity Analyst at Standard & Poor’s Equity Research.  “Over the years, we believe Disney has refined an innovative strategy, predicated on a virtuous cycle of content creation that has spawned a veritable stable of franchises such as Mickey Mouse, Disney Princess, Toy Story, Pirates of the Caribbean, Cars and others for repeatable exploitation across multiple platforms.”

Amobi believes that Disney has remained at the forefront of embracing newer digital outlets, while fomenting further shifts in traditional distribution windows through increased content exploitation across emerging platforms, and credits a strong management team led by CEO Robert Iger.  Also reflecting Disney’s strategic priorities, Amobi says concerted efforts are underway to leverage continued advancements in digital technology, and to sustain an expansion into higher-growth international territories across emerging markets such as China, India, Russia, and Latin America.

To view a video of Mr. Amobi discussing DIS, paste the following link into your browser.

http://link.delvenetworks.com/media/?mediaId=d8bf809373f54f58910c9d4e1f141f47&width=480&height=411&playerForm=DelvePlayer&autoplay=true

About Standard & Poor’s Equity Research Services

As one of the world’s largest producers of independent equity research, Standard & Poor’s licenses its research to global institutions for their investors and advisors.  Standard & Poor’s team of experienced U.S., European and Asian equity analysts use a fundamental, bottom-up approach to assess a global universe of equities across industries worldwide.  Follow Standard & Poor’s equity analysts’ U.S. market commentary each day at http://www.equityresearch.standardandpoors.com/.

Standard & Poor’s keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of Standard & Poor’s may have information that is not available to other Standard & Poor’s business units. Standard & Poor’s has established policies and procedures to maintain the confidentiality of certain non-public information received in connection with each analytical process. Standard & Poor’s does not trade for its own account.  The analytical and ethical conduct of Standard & Poor’s equity analysts is governed by the firm’s Research Objectivity Policy, a copy of which may be found at www.standardandpoors.com.

For more information contact:

Marc Eiger, Communications, Tel.: 212-438-1280
marc_eiger@standardandpoors.com

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