Zacks Bull and Bear of the Day Highlights: Cirrus Logic, Inc., CEMEX, S.A. de C.V., Mack-Cali, Liberty Properties and Cousins Properties

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Fri Jun 26, 2009 5:00pm EDT

http://www.profit.zacks.com/
CHICAGO--(Business Wire)--
Zacks Equity Research highlights Cirrus Logic, Inc. (Nasdaq: CRUS) as the Bull
of the Day and CEMEX, S.A. de C.V. (NYSE:CX) the Bear of the Day. In addition,
Zacks Equity Research provides analysis on Mack-Cali (NYSE:CLI), Liberty
Properties (NYSE:LRY) and Cousins Properties (NYSE:CUZ). 

Full analysis of all these stocks is available at http://at.zacks.com/?id=2676. 

Here is a synopsis of all five stocks: 

Bull of the Day: 

Cirrus Logic, Inc. (Nasdaq: CRUS) is a fabless OEM of analog, mixed-signal and
digital processing integrated circuits (ICs). The company's 4Q results were in
line with our expectation. 

On the positive side, CRUS reflects a strong balance sheet with no debt. The
company has also provided decent 1Q 2010 guidance. Cirrus' new product offerings
are expected to benefit end customers. 

The seismic product line remains a strong growth area and should help increase
revenue going forward. This group should maintain its growth even after
factoring in the changes in oil price. Our recommendation remains a BUY with a
price target of $5.50. 

Bear of the Day: 

We are keeping our Sell rating on CEMEX, S.A. de C.V. (NYSE:CX). The company
posted weak results in the first quarter of 2009 with net income of just US$3
million. 

The continued weak cement volumes in Spain and U.S. are problematic. The
short-term outlook for the company remains highly uncertain based on the
downtrend in the residential, industrial/commercial and the infrastructure
sectors as well as due to the fall in the real estate prices throughout the
world. Moreover, the recent lawsuit filed against the company is problematic. 

However, all efforts to reduce its costs and net debt in 2009 are encouraging.
Nevertheless, the current credit crunch and the recession in the U.S. are
matters of huge concern. 

Latest Posts on the Zacks Analyst Blog: 

Commercial Real Estate Plunging

The reason why the value of CRE is falling is not a mystery. If stores are
closing, then they will not be paying rent, and landlords will not be in a
position to get rent increases from the remaining stores. If a company is laying
off lots of people it will have lots of empty cubicles and offices, and will be
looking to sublet its existing space, competing directly with the landlords
trying to rent out existing space. 

In addition, as recently as the second half of last year, construction of new
commercial real estate was still very robust, meaning that there is lots of new
space that has recently come on line. Still, a 8.6% decline in a single month is
startling and is very bad news for REITs like Mack-Cali (NYSE:CLI), Liberty
Properties (NYSE:LRY) and Cousins Properties (NYSE:CUZ). 

We have already seen commercial delinquencies and foreclosures start to rise,
and this will be a major headache for the banks going forward. Many small- and
mid-sized banks ($1-10 billion in assets) are very heavily exposed to CRE. This
could cause them to be the guest of honor at one of the Friday night pizza
parties put on by the FDIC. However, individually these banks do not threaten
the financial system the way the stress-tested 19 would if they failed. 

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 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
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visiting http://at.zacks.com/?id=2677. 

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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
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security. 





Zacks.com
Mark Vickery
312-265-9380
Visit: www.zacks.com



Copyright Business Wire 2009

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