Advent Software, Covidien, Apple, Pandora and Google highlighted as Zacks Bull and Bear of the Day
Chicago, IL June 12, 2013 Zacks Equity Research highlights Advent Software (ADVS-Free Report) as the Bull of the Day and Covidien PLC (COV-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on the Apple Inc (AAPL-Free Report), Pandora (P-Free Report) and Google (GOOG-Free Report).
Here is a synopsis of all five stocks:
Bull of the Day:
Advent Software (ADVS-Free Report) is a $1.7 billion leading provider of enterprise solutions for the investment management industry. Their 5,000 clients in 60 countries include all types of asset managers, broker-dealers, fund administrators, and independent advisors.
Founded in 1983, Advent was built out of a need to automate the then highly manual portfolio accounting function in the investment management business. And they were among the first to innovate cloud-based solutions for the industry.
The stock has been a Zacks Rank #1 (Strong Buy) or #2 (Buy) since mid-February when it was trading $26.
You can think of Advent as the essential technology platform for the global investment management industry, which has unique and complicated accounting, regulatory, and information reporting demands where errors with data are unacceptable in firms that must operate with perfect accountability to their clients at all levels in financial markets.
And when you think of the thousands of changing securities prices and positions a firm might have to deal with every day, you can imagine how robust and redundant the software has to be to maintain flawless reporting in real-time. One of Advent's biggest clients is the giant TIAA-CREF pension system.
Bear of the Day:
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Advent Software, Covidien, Apple, Pandora and Google highlighted as Zacks Bull and Bear of the Day