Athlon Energy, Isle of Capri Casinos, Bank of America, BlackRock and American International Group highlighted as Zacks Bull and Bear of the Day - WLOX.com - The News for South Mississippi

Athlon Energy, Isle of Capri Casinos, Bank of America, BlackRock and American International Group highlighted as Zacks Bull and Bear of the Day

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SOURCE Zacks Investment Research, Inc.

http://www.profits.zacks.com/

CHICAGO, Feb. 21, 2014 /PRNewswire/ -- Zacks Equity Research highlights Athlon Energy (NYSE:ATHL-Free Report) as the Bull of the Day and Isle of Capri Casinos (Nasdaq:ISLE-Free Report)  as the Bear of the Day. In addition, Zacks Equity Research provides analysis onBank of America Corporation (NYSE:BAC-Free Report), BlackRock Inc. (NYSE:BLK-Free Report) and American International Group, Inc. (NYSE:AIG-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Here is a synopsis of all five stocks:

Bull of the Day:

Athlon Energy (NYSE:ATHL-Free Report) has a limited earnings history, but analysts have been moving estimates higher for this energy stock. As a Zacks #1 Rank (Strong Buy), it is the Bull of the Day.

While North Dakota and the Bakken region have been getting most of the energy related press, there is another area that has also caught the eye of investors. The Permian Basin is an area of west Texas and New Mexico that is rich in oil, natural gas and even potassium salts (potash).

Texas has long been an energy hub, but with the brutally cold winter, the Bakken has been hampered in terms of production. The more advantageous climate for drilling has allowed ATHL to capitalize on the recent increase in the price of oil.

Athlon Energy, an exploration and production company that focuses on the acquisition and exploitation of unconventional oil and liquids-rich natural gas reserves in the Permian Basin. The company was founded in 2010 and is headquartered in Fort Worth, Texas.

On November 11, the company reported earnings and they beat the Zacks Consensus Estimate by 8 cents for a 50% positive earnings surprise. The company noted they would give guidance for 2014 early in the first quarter and we should expect a few more wells to be online.

Bear of the Day:

Isle of Capri Casinos (Nasdaq:ISLE-Free Report) has been a Zacks Rank #5 (Strong Sell) since December 4, 2013 and today it is the Bear of the Day.

In looking back at ISLE's news feed, I came across very little about it besides a bunch of negative earnings surprises. While the stock has done very little over the last year, it is still up about 40%. This is partly due to a recent rumor that made the rounds.

In late January, the chatter was that ISLE was looking to sell itself. This caused the stock to move from $7.50 to the $9 range. Without that rumor the stock would have a return that aligns more closely to a stock that has missed several earnings reports.

Isle of Capri Casinos owns and operates 15 regional gaming facilities under the Isle and Lady Luck brands. Isle of Capri Casinos, Inc. was founded in 1990 and is based in St. Louis, Missouri.

ISLE has missed the Zacks Consensus Estimate in four of the last five quarters. In each of those quarters, the company also fell short of revenue expectations.

The misses have been big. The last three reports have negative earnings surprises of 183%, 266% and 33% respectively.

Additional content:

BofA ' s $8.5B Settlement Gets Final Court Nod

Bank of America Corporation (NYSE:BAC-Free Report) can now heave a sigh of relief as Justice Saliann Scarpulla has approved the bank's proposed settlement of $8.5 billion, which was put on hold for a long time. The settlement deals with the sale of faulty mortgage-backed securities by Countrywide Financial Corp. prior to the financial crisis.

The distressed mortgage lender was acquired by BofA in 2008. Thereafter, the company has been facing litigations associated with the acquired units.

In 2011, BofA had reached an agreement with investors to pay $8.5 billion for its legacy Countrywide mortgage repurchase and servicing claims. The group of investors included BlackRock Inc. (NYSE:BLK-Free Report) and American International Group, Inc. (NYSE:AIG-Free Report), among others.

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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 analyst 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. Click here to subscribe to this free newsletter today.

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Zacks.com 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.

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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 http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

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