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Chicago, IL – January 4, 2018 – Zacks Equity Research: Boeing BA as the bull of the day, Wynn Resorts Limited WYNN as the bear of the day. In addition, Zacks Equity Research provides analysis on Azure Power Global Ltd., AZRE and Canadian Solar Inc., CSIQ.

Here is a summary of the four actions:

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Boeing saw its share price plummet Thursday as part of the broader downturn in the market, attributable to the decline in Apple's sales forecast, which foreshadowed a slowdown in the Chinese economy. Despite the concerns of the trade war, Boeing recently increased its quarterly dividend by 20%, won new defense contracts in the United States and sees a huge opportunity in India.

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The Pentagon announced last Friday that it awarded Boeing a US $ 400 million defense contract for B-1 and B-52 bombing engineering services. The company also won many other contracts last week in the wake of pricing issues.

In addition, Boeing detailed, in late December, the global growth outlook for one of the world's largest emerging markets. Boeing has raised its forecast for commercial aircraft in India due to significant domestic passenger traffic and the growth of low-cost carriers, which will result in the need for 2,300 new jet aircraft in the country over the next 20 years , worth $ 320 billion.

One of Boeing's market research divisions reported that the commercial aviation sector in India had recently recorded double-digit growth for 51 consecutive months. In addition, the aerospace company said the Indian economy is expected to grow by nearly 350% over the next 20 years to become the world's third largest economy. "This will continue to stimulate the growth of the Indian middle class and its propensity to travel both domestically and internationally, which will require more new short and long-haul fuel-efficient aircraft," Boeing's Dinesh Keskar said. in a statement.

"The success of this market segment will mean that more than 80% of all new aircraft deliveries in India will be single-aisle, and the superior economy and fuel efficiency of the new 737 MAX aircraft will be a perfect match for carriers. Indians. "

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Cai von Rumohr, analyst of the aerospace industry in Cowen, explained to his customers in late November that BA is his number one choice for 2019, as it is the first growth choice for a rapidly expanding economy and for the continuation of its fruitful relations with the American government. in a "privileged place of production".

Boeing also declared a new quarterly dividend of $ 2.055 per share in December. This represented a 20% increase over the $ 1.71 per share paid by Boeing in 2018. Boeing's new quarterly dividend will be payable on March 1st to shareholders of record on February 8th. Boeing has also replaced its current share buyback program with a new $ 20 billion authorization. which is up from the $ 18 billion approved last December.

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Overall, Boeing's stock has climbed about 5% over the last year, helping to reduce the 19% drop in its peer group.

Although Boeing has outperformed its industry and the S & P 500's growth over the last 12 months, BA's stock is about 21% below its peak of $ 394.28 in 52 weeks. That alone could be a solid buying opportunity for those who are at the top of Boeing.

Bear of the day:

Wynn Resorts Limited had a tough time in 2018. The year began badly after gaming mogul Steve Wynn resigned as CEO and president in February due to the fact that he was not able to do anything. allegations of sexual misconduct. In addition, Wynn's vital income in Macau has slowed with the fall in income in Las Vegas. And its revenues and overall revenues seem to be going in the wrong direction.

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Wynn Resorts owns and operates Wynn and Encore in Las Vegas, as well as two sites in Macau. Wynn's shares collapsed in August after the company recorded a massive drop in sales and profits on its Macau-based compound. The revenue of the casino giant dropped by 15% at Wynn Macau. At the same time, sales at the two-year-old Wynn Palace jumped 57%, likely pointing to cannibalization problems.

Nevertheless, the Mecca of the Asian game has become Wynn's largest market. Last quarter, Wynn Macau's revenues increased 3.1% to $ 579.6 million. Meanwhile, Wynn Palace's revenue in Macau jumped 39.1 percent to $ 730.6 million. Wynn's new location in Macau boosted total sales by 10.2 percent to $ 1.71 billion.

The story continues

That said, Wynn's Las Vegas revenue fell 14% to $ 464.3 million. And Wynn's adjusted quarterly profit did not live up to expectations.

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As we mentioned earlier, Wynn's shares have suffered over the past year as investors digest the company's future after the CEO's departure from his namesake and the drop in his income to Vegas. Nevertheless, Wynn's peer group nearly matched Wynn's decline in 2018.

Wynn shares closed their usual trading Thursday down 0.97% to $ 103.39. This represents a decline of about 50% from the peak of $ 203.63 per share achieved since its peak in 52 weeks.

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Turning now to the main reasons why Wynn is the bull of the day of Friday: its prospects in terms of profitability and results. Our current Zacks consensus estimate is that Wynn's fourth-quarter revenue will decrease by 10.9% to $ 1.51 billion. The company's revenues for the first quarter of fiscal year 2019 are expected to decrease by 5.3% to $ 1.62 billion.

At the other end of the income statement, the company's fourth quarter earnings are expected to fall by 16.4% from the same period last year to $ 1.17 per share. At the same time, Wynn's first quarter revenue in 2019 is expected to fall by 25.7%. Looking further, the company's earnings for 2019 are expected to fall 9.3% below our estimate for 2018.

Investors should also note that Wynn's earnings review activity has recently moved completely in the wrong direction. This indicates that at least some analysts have become more negative about the company's prospects for results.

It should be noted that earnings growth has proven to be one of the most effective indicators of positive stock price developments and vice versa. Therefore, Wynn's bleak earnings outlook is probably a bad sign for Wynn's short-term action.

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Renewable energies have more and more importance on the positive impacts on the environment and on the economy. In addition to reducing carbon emissions, alternative energy sources improve public health and create jobs.

Solar energy is a major growth area in the renewable energy sector. In the solar industry, few companies are involved in the design and production of high-efficiency modules, panels and solar cells. Other actors are engaged in installing complete solar energy systems. The lower cost of solar panels is boosting the global growth of renewable energies.

The United States Environment Energy Information Administration (EIA) predicts that average solar production in the United States will increase from 212,000 megawatt hours per day (MWh / d) in 2017 to 303,000 MWh / d in 2019 (up 13 %).

In this article, we perform a comparative analysis of two solar actions – Azure Power Global Ltd. and Canadian Solar Inc. – to determine which one has the best performance and is a suitable investment option at this time.

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Azure Power Global is ranked first in the Zacks (strong buy). The company has a market capitalization of approximately $ 369.45 million.

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Canadian Solar ranks Zacks 1. It has a market capitalization of $ 831.77 million.

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The average positive profit for Azure Power Global for the last four quarters is 76.07%. Canadian Solar announced a positive average earnings surprise of 49.66% over the last four quarters.

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The Zacks consensus estimate for Canadian Solar's 2019 EPS is $ 2.40, up 31.8% over the past 60 days. Its long-term earnings growth rate (3 to 5 years) is set at 32%.

Zacks' consensus estimate for Azure Power Global's 2019 earnings per share (EPS) is 29 cents and has remained unchanged over the last 60 days.

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The debt ratio is a good indicator of the financial position of a company. The indicator shows how much debt is used to conduct business. Azure Power Global has a debt-to-capital ratio of 84.10% compared to 9.09% of Canadian Solar. Canadian Solar's debt-to-capital ratio is lower than industry (32.59%) and Zacks S & P Composites (41.34%).

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Canadian Solar's shares rose 18.3%, while the sector posted a 19.6% decline in the last six months. Azure Power Global shares lost 39.2% over the same period.

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Our verdict suggests that Canadian Solar is looking at better growth forecasts, price performance, debt-to-capital ratio and return on equity

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He could become the mother of all technological revolutions. Apple has sold just 1 billion iPhones in 10 years, but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $ 1.7 trillion market.

Zacks has just released a special report that highlights this phenomenon in rapid emergence and six tickers to take advantage of it. If you do not buy now, you can get started in 2020.

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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report

Wynn Resorts, Limited (WYNN): Free Stock Analysis Report

The Boeing Company (BA): Free Stock Analysis Report

Azure Power Global Ltd. (AZRE): Free Stock Analysis Report

Canadian Solar Inc. (CSIQ): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research"data-reactid =" 88 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report

Wynn Resorts, Limited (WYNN): Free Stock Analysis Report

The Boeing Company (BA): Free Stock Analysis Report

Azure Power Global Ltd. (AZRE): Free Stock Analysis Report

Canadian Solar Inc. (CSIQ): Free Stock Analysis Report

To read this article on Zacks.com, click here.

Zacks Investment Research