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Stocks Featured in Zacks Equity Research Analyst Blog

Strategic Insights

— 1 min read

Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Recently featured stocks include deCODE Genetics, The St. Joe Company, General Motors Corp., Daimler AG, and American Electric Power Co., Inc. These companies are at a crossroads, facing challenges in their respective industries. deCODE Genetics is struggling to sustain operations, while The St. Joe Company is experiencing worsening operations. General Motors and Daimler AG are under pressure to avoid bankruptcy, and American Electric Power Co., Inc. has revised its EPS guidance downward.

Key Takeaways:

  • deCODE Genetics (NASDAQ: DCGN) is facing financial difficulties, having entered into survival mode due to a shortage of cash. The company has doubted its ability to continue as a going concern unless it can obtain immediate liquidity resources.
  • The St. Joe Company (NYSE: JOE) reported a net loss of $27.9 million in 4Q08, with impairments and write downs of $0.34 per share. The company is focused on maintaining liquidity and cutting expenses as operations continue to deteriorate.
  • General Motors Corp. (NYSE: GM) and Chrysler have been given a short leash by the Administration, with a deadline to merge or come up with further cuts and concessions. Chrysler's merger with Fiat may not be successful, given the challenges faced by both companies.
  • Daimler AG (NYSE: DAI) has a reputation for making good cars, but its partnership with Chrysler may not be as fruitful as expected.
  • American Electric Power Co., Inc. (NYSE: AEP) reduced its fiscal year 2009 EPS guidance, establishing a new range of $2.75 to $3.05 per share. The company recognized current operating and economic factors that have led to the revised guidance.

Statistics:

  • deCODE Genetics (NASDAQ: DCGN) expects to sustain operations only through the second quarter of this year.
  • The St. Joe Company (NYSE: JOE) reported a net loss of $27.9 million in 4Q08.
  • General Motors Corp. (NYSE: GM) and Chrysler have been given 30 and 60 days, respectively, to avoid bankruptcy.
  • Daimler AG (NYSE: DAI) has a reputation for making good cars.
  • American Electric Power Co., Inc. (NYSE: AEP) revised its fiscal year 2009 EPS guidance downward, establishing a new range of $2.75 to $3.05 per share.

Sources:

  • Zacks Equity Research
  • The St. Joe Company (NYSE: JOE)
  • General Motors Corp. (NYSE: GM)
  • Daimler AG (NYSE: DAI)
  • American Electric Power Co., Inc. (NYSE: AEP)
  • deCODE Genetics (NASDAQ: DCGN)
  • Zacks.com press release
  • Zacks Investment Research, Inc.

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