Zacks Analyst Blog Highlights: Marriott, Starwood, National Semiconductor, Kyocera and SunPower.
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http://www.profit.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: Marriott (NYSE: MAR), Starwood (NYSE: HOT), National Semiconductor (NYSE: NSM), Kyocera (NYSE: KYO) and SunPower (NYSE: STP). 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 Monday`s Analyst Blog: Extended Stay Hotels Bankrupt The current owners of Extended Stay Hotels (private) acquired the chain in June of 2007, near the peak of the market for hotel assets, for $8 billion. The deal was highly leveraged, reportedly consisting of $7 billion in debt and only $1 billion in cash. With this amount of leverage, a firm can quickly experience a crisis if operating results turn lower. While the leverage levels of most publicly-held hotel companies are substantially lower than some private firms in the industry, the downturn has nevertheless taken a significant toll. Both occupancy levels and room rates are down dramatically in 2009, and the sharp reductions in room revenues are resulting in significant margin pressure. The outlook for the industry remains challenging, and we believe that many investors in the sector remain too optimistic regarding the chances of a meaningful improvement in operating fundamentals during the second half of the year. Despite these clear challenges, hotel company stocks have generally rallied over the last three months along with the broad market. We believe that this rally has been unwarranted, and that the stocks are due for a correction. The more companies cut room rates in an attempt to boost occupancy, the more likely it becomes that the downturn will last well into 2010, in our opinion. Given our negative outlook on the group, we reiterate our Sell rating on Marriott (NYSE: MAR) and Starwood (NYSE: HOT) at this time. National Semiconductor`s Potential National Semiconductor's (NYSE: NSM) management strategy appears to be focused on energy, specifically, in energy generation, consumption and storage. Energy savings in each of these areas will be an important driver of growth over the next decade, in not just developing but developed countries as well. To date, the company has been focused on its core strength in power management products. It is now extending these capabilities in power management to alternative energy areas, such as powering for solar panels and LED lighting products. Energy generation: In June 2008, management announced a solar product, which it refers to as the SolarMagic power optimizer module. The product incorporates National's new PowerWise power management technology, and works on both thin film and crystal line glass panels. It significantly increases the efficiency of solar panels, recouping up to 50% of the power lost in shady areas and when the panels are mismatched, or become old, or accumulate debris and bird droppings. The opportunity for growth is expected to be significant, both in new and retrofit markets. Management stated that approximately 25 million panels were sold in 2008 by around 10 vendors, including Kyocera (NYSE: KYO), Sanyo, Sharp, Suntech, Wushi and SunPower (NYSE: STP). 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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