Zacks Bull and Bear of the Day Highlights: NVIDIA, MannKind, Del Monte Foods and 51job

Business Wire, Nov 14, 2007

CHICAGO -- Zacks Equity Research highlights NVIDIA Corp. (Nasdaq: NVDA) as the Bull of the Day and MannKind Corp. (Nasdaq: MNKD) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Del Monte Foods (NYSE: DLM) and 51job, Inc. (Nasdaq: JOBS). Full analysis of all these stocks is available at http://at.zacks.com/?id=2676.

Here is a synopsis of all four stocks:

Bull of the Day:

Our Bull of the Day recommendation is for NVIDIA Corp. (Nasdaq: NVDA). As the only remaining major independent player in the market for Graphic Processing Units (GPUs) used in PCs, NVIDIA is well-positioned to benefit from increased graphics requirements in Windows Vista, and two new families of GPUs, including Tesla and the G80. The company is also gaining traction in its mobile efforts, and we expect strong growth in fiscal 2009. We therefore maintain our Buy rating on NVIDIA shares and set a target price of $40.00 to account for the stock split.

Bear of the Day:

Our Bear of the Day recommendation is for MannKind Corp. (Nasdaq: MNKD). MannKind is a biopharmaceutical company focused on the discovery, development and commercialization of therapeutic products for diabetes, cancer and inflammatory diseases. Its lead product, the Technosphere Insulin System for the treatment of diabetes, is in phase III trials in the U.S. We believe Technosphere has certain intriguing beneficial characteristics that could make the product a success. However, the company has been unable to find a partner for the drug, competition is fierce in this field, commercialization is still at least two years away and the company is burning cash at too high a rate. We maintain our Hold rating for the stock with a revised target price of $6.00.

Analyst Blog:

Del Monte Foods' (NYSE: DLM) management states that it is focused on improving shareholder value through a brand-driven strategic plan. Management believes that the Transformation Plan will enhance execution of its business strategies and overall competitiveness of the organization. However, escalating commodity costs and lower sales volume are constraining earnings progress. Though EPS have been and are expected to remain in the $0.67 to $0.89 range, the stock appears to be attractively valued and a buy recommendation has been initiated. Del Monte is currently selling at 15.5 times trailing 12-month EPS.

51job, Inc. (Nasdaq: JOBS) announced its financial results for the third quarter with declining net income and higher sales and marketing expenses. Its EPS were in line with the market consensus, while revenue exceeded market consensus. 51job continues to have the highest brand recognition in both the online and offline recruiting market in China. Moreover, China's prosperous economy will continue to boost the recruiting market. Overall, we believe 51job is well positioned to leverage this market opportunity in China. Therefore, we are maintaining our Buy rating for the stock.

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.

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