Zacks Analyst Blog Highlights: Vale do Rio Doce, BHP Billiton, Rio Tinto, Diamond Foods and Kellogg Co.
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http://www.profits.zacks.com/ CHICAGO--(Business Wire)-- 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: Vale do Rio Doce (NYSE: RIO), BHP Billiton (NYSE: BHP), Rio Tinto (NYSE: RTP), Diamond Foods (NASDAQ: DMND) and Kellogg Co. (NYSE: K). Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579 Here are highlights from Friday`s Analyst Blog: Chinese Getting a Bargain on Iron According to Shan Shanghua, general secretary of the Chinese Iron and Steel Association (CISA), some mining companies reached an agreement with Chinese steel producers to provide a discount of 40% over the prices of iron according to the 2008 contract. The new iron ore price for 2009 remains under negotiation. Mr. Shanghua refused to declare which big mining company accepted the deal; however other CISA source declared that Vale do Rio Doce (NYSE: RIO) accepted it. The deal is retroactive to January 2009. We believe the announcement is a good indication of the iron ore definite price that is under negotiation. We continue to expect a price reduction of iron ore for BHP Billiton (NYSE: BHP) and Rio Tinto (NYSE: RTP) of around 40% for 2009 and for Vale (RIO) of around 30%, as Vale had a lower price increase in 2008. Diamond Foods Nuts, Not Crazy Diamond Foods (NASDAQ: DMND) supports existing and new products through a unique advertising strategy -- namely, Diamond's products are marketed through television advertising during the major sporting events, such as the Super Bowl, the World Series, the Olympics, the U.S. Open, and now March Madness. The company has announced a new TV advertising campaign to debut on April 4th and April 6th during the Final Four and Championship games. Three new TV commercials will be aired, which will continue the company's "Natural Energy" campaign that depicts "the bad things that can happen when you don't eat Emerald Nuts at 3 p.m." One of the key factors for Diamond's sales growth has been the continued investment in its brands through advertising campaigns that target key sporting events. Though the company devoted 3.9% of sales to advertising in the last fiscal year -- which is about average for a food company and well below the 8.4% of sales than Kellogg Co. (NYSE: K) devotes to advertising -- given the small size of the Diamond's revenue base of $542 million, it may seem peculiar that a company of Diamond's size would target high profile sporting events, which have very high advertising fees for 30 second spots ($3 million for the 2009 Super Bowl). Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=2649. 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 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: http://at.zacks.com/?id=2677 About Zacks Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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=4580. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. 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. Zacks.com Mark Vickery Web Content Editor 312-265-9380 Visit: www.zacks.com Copyright Business Wire 2009
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