The Zacks Analyst Blog Highlights: Alleghany, Crown Castle Int'l, Lennox, IAC/Interactive and Chesapeake Utilities


For Immediate Release

Chicago, IL – June 11, 2013 – 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 Alleghany Corp. (Y-Free Report), Crown Castle Int’l Corp (CCI-Free Report), Lennox Int’l. (LII-Free Report), IAC/Interactive Corp. (IACI-Free Report) and Chesapeake Utilities (CPK-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Monday’s Analyst Blog:

Summer May Be Range-bound

May has come and gone and summer is here. It’s time to review the markets, the economy and stock strategy.

Time to Buy in June?  

At Zacks, we’re onboard for a further rise under global QE. If the Fed taper hits early, look for a big sell-off. This fall downside risk puts a range-bound market into play for the summer.

Looking out 6 to 12 months, a majority of Zacks in-house strategists see the S&P 500 higher. In fact, it most likely will remain well above 1600 this summer.

With firm resolution of sequestration by September 30 on Federal fiscal year budgets; stronger housing markets; fresh evidence of policy activism in Europe; and firmer China growth; stocks go higher.  Pessimists will point to Europe, China, or to a U.S. growth slowdown later in 2013.  There could be pauses, a lull, and a possible correction.  

Japan’s QE makes that much less likely.

A Fed View on the Economy

The San Fran Fed says the U.S. “continues to expand at a moderate pace.”

Ongoing federal deficit reduction will weigh on the recovery in the near term.  So the San Fran Fed expects growth of only about +2¼% this year.  They expect growth to pick up to about +3¼% next year as monetary policy remains accommodative and the forces restraining recovery ease somewhat.

Adverse forces include restrictive fiscal policy at home; the economic, fiscal, and financial situation in Europe; and the pervasive uncertainty that has been weighing on households and businesses.
Zacks Sector-Industry-Company Telescope

A few top-down Zacks Ranked ideas emerged in early June…

(1) U.S. momentum in the Finance Sector flows from the stock market and higher interest rates. Investment Funds, Investment Banking & Brokering, Real Estate and Insurance industries showed up even stronger in early June.  This is the number one Zacks Sector right now.

A Company to Check Out:  

Insurance Property & Casualty Industry – Alleghany Corp. (Y-Free Report).  Zacks Rank #1 with an Outperform Rating.  Alleghany Corp. is engaged in the sale and underwriting of title insurance and other real estate services.  The subsidiaries you know well are Chicago Title and Trust Company (CT&T) and Chicago Title Insurance Company (:CTI),

(2) IT looks strong, with handheld drivers.  Telco Equipment and Misc-Tech became the most attractive industries in June, with growth in smart phone Asia-Pacific. Computer Software & Services and Semiconductors ranked as market weight industries.  Computer Office and Electronics Hardware fell to become underweight Zacks Ranked IT Industries.
A Company to Check Out:  

Telco Infrastructure Industry – Crown Castle Int’l Corp (CCI
-Free Report).  Zacks Rank #2.  Houston-based Crown Castle International Corp. is a leading independent operator of wireless communication towers in the U.S. and Australia.

(3) Strength is building inside the Industrials sector on a stronger domestic outlook.  Construction-Building Services, Transportation and Industrial Products & Services are very attractive.  Machinery, Electrical Machinery and Pollution Control struggle the most.

A Company to Check Out:  

Building Products Industry – Air/Heating – Lennox Int’l.  (LII
-Free Report).  Zacks Rank #2.  Lennox International Inc. is a leading global provider of climate control solutions. The company designs, manufactures and markets a broad range of products for the heating, ventilation, air conditioning and refrigeration markets.

(4) Rising U.S. jobs numbers and upward 2013 jobs revisions helped the stock market stay near multi-year highs.  In a positive feedback loop, the personal and home sides of Consumer Discretionary are highest ranked:  Other Cons-Disc, Media and Home Furnishing-Appliance ranked at the top.

A Company to Check Out:

Internet Commerce Industry, IAC/Interactive Corp. (IACI
-Free Report).  It is a Zacks Rank #1 with an Outperform Rating.  IAC is an internet company with more than 50 brands serving consumer audiences across more than 30 countries.

(5) Utility-Gas Dist. and Util-Electric industries got upgraded into early June.
A Company to Check Out:

Chesapeake Utilities (CPK
-Free Report) is a small-cap niche stock. It has a Zacks Rank #2 with an Outperform rating.  Chesapeake Utilities is engaged in natural gas distribution and transmission, propane distribution and marketing, advanced information services, and other related businesses in southern Delaware, Maryland’s Eastern shore and Florida.
(6) Weakness in international outlooks pushes down the Materials sector. Weakness was apparent in very low Zacks Industry Ranks for Steel and Metals-Non-ferrousChemicals and Paper were weak, too.

(7) Weaker gas at the pump prices played out within the Energy sector.  We saw Oil-Misc. with its Refiners do best in the Zacks Ranks.  Oil-Integrated and E&P are market weights. Coal and Pipelines are underweights. Alternative Energy and Drilling remain the most unattractive.


Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

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.

About Zacks is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on Y - FREE

Get the full Report on CCI - FREE

Get the full Report on LII - FREE

Get the full Report on IACI - FREE

Get the full Report on CPK - FREE

Follow us on Twitter:

Join us on Facebook:

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.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit for information about the performance numbers displayed in this press release.

Read the analyst report on Y

Read the analyst report on CCI

Read the analyst report on LII

Read the analyst report on IACI

Read the analyst report on CPK

Zacks Investment Research

More From


View Comments (0)

Recommended for You

  • Tycoon buys 30 Rolls-Royces for Macau hotel

    A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in…

    Associated Press
  • 1 Tip To Lose Belly Fat

    It's Hollywood's Hottest Diet And Gets Rid Of Stubborn Fat Areas Like Nothing Else.

  • Before You Buy Alibaba, Check Out 4 Top China Stocks

    Before You Buy Alibaba, Check Out 4 Top China Stocks While investors gear up for Alibaba Group 's (BABA) hotly anticipated initial public offering, don't forget about other Chinese stocks that are worth keeping an eye on. Today's Young Guns Screen of

    Investor's Business Daily
  • "The Retiree Next Door": How successful retirees stretch their savings

    "The Retiree Next Door": How successful retirees stretch their savingsBy the time she hit her late 40s, Toni Eugenia wasn’t sure she would ever be able to retire. Eugenia, 56, a pharmacy technician who lived in Houston, was nearly $200,000 in debt and

    Yahoo Finance
  • Fed comments tell Cramer to buy Apple & more

    Jim Cramer spent Wednesday afternoon sifting through the Fed statement and the comments made by Fed Chief Janet Yellen in the subsequent press conference. "The trick with the Yellen regime, like the trick with the Ben Bernanke regime before her is to remember that they speak for the common person,"…

  • Apple to unveil new iPads, operating system on Oct. 21 : report

    The company plans to unveil the sixth generation of its iPad and the third edition of the iPad mini, as well as its operating system OS X Yosemite, which has undergone a complete visual overhaul, the Internet news website said. Trudy Muller, a spokeswoman for Apple, declined to comment. The iPad is…

  • Margaritaville casino owners seek bankruptcy

    The owner of Biloxi's Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Don Dornan, a lawyer for landlord Clay Point LLC, said the company had planned to ask…

    Associated Press
  • Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal

    Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. The deal, which will be included in Embraer's order book for the third quarter, is valued at $2.1 billion, the planemaker said in a securities filing. The planes will be operated…

  • Best Womens Wrinkle Creams 2014

    Mom reveals simple wrinkle solution that has researchers very excited. Try this free solution today to look and feel years younger.

  • Here's What Mark Cuban Wishes He Knew About Money In His 20s

    Cuban is the owner of the Dallas Mavericks basketball team. Billionaire investor and entrepreneur Mark Cuban is generous with his advice. When we asked him what he wishes he'd known about money in his 20s, he said:

    Business Insider
  • Play

    Citi, Bank of America Offer Discounted Mortgages

    Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty.

    WSJ Live
  • SHOE COMPANY: Our CEO Just Disappeared And Most Of The Money Is Gone

    "and like that: he's gone." This is an actual headline from a company press release: "CEO and COO disappeared, most of the company's cash missing." (Via FastFT) In a statement, German-based shoe company Ultrasonic said its CFO,  Chi Kwong Clifford Chan, has been unable to reach the company's CEO,…

    Business Insider
  • Gold loses luster on Fed; Barclays cuts forecast

    Barclays cuts gold forecasts, sees increasingly bearish backdrop Bloomberg MA MB MC MD ME SAN FRANCISCO (MarketWatch) — Gold prices dipped Wednesday on concerns about a stronger dollar ahead of the Federal Reserve policy statement and in response to Barclays lowering its gold forecast.

  • Play

    What the Fed Meeting Means for Bonds

    Janet Yellen & Co. are expected to hint at their timetable for raising interest rates. Here's how investors should prepare ahead of the meeting.

    WSJ Live
  • Billionaire Investor Says Chinese People Work Harder And Western Companies Could Face Deep Trouble After Alibaba IPO

    Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday. The billionaire investor described the Alibaba IPO as a “major landmark event” that is as…

    Business Insider
  • Tired of Living Paycheck to Paycheck?

    New website reveals how to save $1,000's when you're living paycheck to paycheck. See exactly how.

    AdChoices Media ForceSponsored
  • Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More

    Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains

    24/7 Wall St.
  • Fed renews zero rate pledge, but hints at steeper rate hike path

    The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. In a statement after a two-day meeting of its policy-setting Federal Open Market Committee,…

  • Boeing may have outfoxed Musk, but it could have bigger problems

    Elon Musk is arguably one of the greatest entrepreneurial minds of the 21st Century, but he was outsized an old school aerospace giant. Boeing won the bulk of NASA’s contract for a space taxi.  One of the other companies vying for the deal is SpaceX, the company headed by Tesla’s Musk, will get a…

    Talking Numbers
  • Romney-Sized IRAs Scrutinized as Government Studies Taxes

    The preliminary report attaches data to an issue that drew attention during the 2012 presidential campaign, when Republican nominee Mitt Romney reported an IRA worth $20 million to $102 million. Senate Finance Committee Chairman Ron Wyden said many of these "massive" accounts come from deals…

  • The Government Keeps Helping People Buy Failing Cold Stone Creamerys

    Would you loan someone money to buy a Cold Stone Creamery franchise if you knew that more than a quarter of those loans default? Over the last decade, franchisees in the Cold Stone Creamery ice cream chain defaulted on 29 percent of working-capital loans backed by the government, costing taxpayers…

  • Russian billionaire placed under house arrest

    A billionaire Russian tycoon was placed under house arrest Tuesday in a money-laundering case that has drawn comparisons with a government crackdown on Russia's Yukos oil company more than a decade ago. The Investigative Committee, Russia's top investigative agency, said that Vladimir Yevtushenkov,…

    Associated Press
  • Masters in Accounting or Forensic Accounting

    Study online in your spare time and graduate in less than two years. Accredited program from New England College School of Accounting.

    AdChoicesNew England CollegeSponsored
  • Facebook Is Hiding Important Information From Investors

    Facebook Is Hiding Important Information From Investors On July 23, when Facebook reported its earnings for the second quarter, the company stunned everyone. Revenues were $2.68 billion, up 67% from the same quarter during the year

    Business Insider