Zacks Bull and Bear of the Day Highlights: Hain Celestial, McDermott, Sprint Nextel, Clearwire and Verizon

Zacks Bull and Bear of the Day Highlights: Hain Celestial, McDermott, Sprint Nextel, Clearwire and Verizon Communications (2 hours ago)

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One Response to “Zacks Bull and Bear of the Day Highlights: Hain Celestial, McDermott, Sprint Nextel, Clearwire and Verizon”

  1. Katherine Cody says:

    Everyday Zacks picks 2 stocks they think will over/under-perform in the market in the next 3-6 months.

    Today, Bull of the Day was Hain and Celestial the leading food and personal care products provider. Zacks believes they have outlasted the economic downturn through a combination of sound investment strategies and cost containment. They give this stock a long-term Outperform recommendation.

    The Bear of the Day was McDermott International. Zacks downgraded it to Under-perform because of the current “commodity price scenario” and because the current economic environment of increased regulation
    and other economic factors will make building any new gas and oil infrastructure uncertain in the near future.

    They also talked a little about Sprint launching the first national wireless carrier with Grid Net. They believe Sprint’s 4G WiMax looms as a major prospect in the future wireless market but they are a little concerned how revenues and new expenditures will impact them in the future. They did not give Sprint and under or over performance rating.