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SOURCE Zacks Investment Research, Inc.
CHICAGO, Jan. 23, 2014 /PRNewswire/ -- Zacks Equity Research highlights Spirit Airlines, Inc. (Nasdaq:SAVE-Free Report) as the Bull of the Day and Family Dollar Stores, Inc. (NYSE:FDO-Free Report)as the Bear of the Day. In addition, Zacks Equity Research provides analysis onTesla Motors, Inc. (Nasdaq:TSLA-Free Report), Toyota Motor Corporation (NYSE:TM-Free Report) and Daimler AG (OTC:DDAIF-Free Report).
Here is a synopsis of all five stocks:
Have you gotten aboard the airline stocks yet? Spirit Airlines, Inc. (Nasdaq:SAVE-Free Report) recently announced better-than-expected results for its fourth quarter. This Zacks Rank #1 (Strong Buy) is expected to post another year of double digit earnings growth.
Spirit Airlines operates a low-cost airlines based on ultra-low base fares which allows customers to buy the extras they value. The company has a $9 Fare Club program that costs $59.95 per year but gives customers access to special low fares and deals on baggage fees.
Spirit operates about 250 flights to 50 destinations in the U.S., Caribbean and Latin America. It is one of the few airlines offering service from the United States to the expanding markets of Panama and Colombia.
On Jan 15, Spirit announced guidance for the fourth quarter which was ahead of Wall Street estimates due to strong leisure travel around the holidays.
Unit revenue rose 3% year over year, beating expectations of just 2%.
Family Dollar Stores, Inc. (NYSE:FDO-Free Report) recently warned that earnings would decline in fiscal 2014 compared with the prior year as the retail environment remained challenging. This Zacks Rank #5 (Strong Sell) is facing tough market conditions as its core customers who shop for value haven't seen the benefits of the economic recovery.
Family Dollar is a discount retailer operating 8,000 stores in rural and urban locations in 46 states.
On Jan 9, Family Dollar reported fiscal first quarter 2014 results which missed the Zacks Consensus Estimate by a penny. Comparable store sales fell 2.8% as customer transactions decreased.
Family Dollar expects the challenges it faced in the first quarter to impact it the rest of the fiscal year. The economy is not great for its core customer and promotions remain intense.
Comparable store sales for December, which is in the second quarter, fell 3% due to a decline in customer transactions.
For the second quarter, comparable store sales are expected to decline in the low-single-digit range.
Tesla Expands Supercharger Coverage
Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) announced the opening of new Supercharger locations which connect the Netherlands, Germany, Switzerland and Austria. This will provide Model S customers a convenient long distance travel on electric charge through the German Autobahn, to places in the Alps and other destinations.
The German Superchargers link Cologne, Frankfurt, Stuttgart and Munich. The Superchargers also connect the German network to Amsterdam, Zurich and Innsbruck. The chargers in the Netherlands link Amsterdam to Cologne and Brussels. The Superchargers in Switzerland connect Zurich and Geneva.
Tesla is focused on expanding its network of Supercharger stations. At present, the automaker has 80 Superchargers worldwide with 14 in Europe. Tesla's superchargers cover 11 million kilometers of land.
Tesla projects that 50% of the German population will live within 320 km of a Supercharger by Mar 2014. Also, the automaker intends to cover the entire population by the end of the year.
Tesla's Supercharger is an efficient charging technology, which provides 120 kilowatts of DC (Direct Current) to Model S batteries using special cables. The vehicle gets charged within 40 minutes, reflecting the time saving attribute of the chargers.
Tesla has strategically built the Supercharger stations along highways, which provides a convenient drive with minimal stoppage. Moreover, they are conveniently located near amenities which provide relaxation and refreshment to the drivers.
Tesla designs and manufactures electric vehicles and electric vehicle powertrain components for partners including Toyota Motor Corporation (NYSE:TM-Free Report) and Daimler AG (OTC:DDAIF-Free Report).
Tesla currently carries a Zacks Rank #2 (Buy).
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