|By PR Newswire||
|August 25, 2014 09:30 AM EDT||
CHICAGO, Aug. 25, 2014 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Apple Inc. (Nasdaq:AAPL-Free Report), Google (Nasdaq:GOOGL-Free Report), CarMax Inc. (NYSE:KMX-Free Report) and Fox Factory Holding Corp (Nasdaq:FOXF-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Friday's Analyst Blog:
Is a Tesla-Apple Partnership for Model S on the Horizon?
According to intriguing market speculations, Tesla Motors, Inc. (Nasdaq:TSLA-Free Report) is planning to join hands with Apple Inc. (Nasdaq:AAPL-Free Report) to add a new feature to its Model S range of vehicles. The collaboration will allow Tesla's customers to perform basic Model S car operations through Apple iPhones. In order to facilitate this, Tesla will likely update Model S firmware soon.
Tesla did not elucidate on the operations of the new system. Moreover, Tesla's vehicles will integrate the phone calendar into the dashboard, thereby offering better power management, and a navigation system which predicts busy routes, similar to Google Now (Nasdaq:GOOGL-Free Report).
However, it is to be noted that this new feature may find usage only after Apple launches the iOS 8 operating system. It also expected that Android handsets will get similar abilities in the near future.
Tesla is focused on enhancing Model S features in order to provide a better driving experience to customers. The other improved features include voice-controlled song selection and enhanced suspension control.
Recently, Tesla announced a warranty extension on its Model S drive unit to eight years and infinite miles. This is same as the warranty on the battery pack. Moreover, the electric carmaker has not put any restriction on the number of owners the car can belong to during the warranty period. Further, the warranty extension is being implemented on a retrospective basis to all Model S sedans.
The extension of the warranty reflects Tesla's belief that electric motors are more reliable than gasoline engines due to the lower number of moving parts and absence of oily residue or combustion byproducts. Interestingly, the electric carmaker believes that it should have provided this warranty from the beginning itself.
Currently, Tesla sports a Zacks Rank #1 (Strong Buy). Other well-placed auto stocks worth a look include CarMax Inc. (NYSE:KMX-Free Report) and Fox Factory Holding Corp (Nasdaq:FOXF-Free Report). Both these stocks have a Zacks Rank #2 (Buy).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
About Zacks Equity Research
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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.
SOURCE Zacks Investment Research, Inc.
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