CHICAGO, June 18, 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 DreamWorks Animation SKG Inc. (Nasdaq:DWA-Free Report), Netflix Inc. (Nasdaq:NFLX-Free Report), News Corp. (Nasdaq:NWSA-Free Report), Valeant Pharmaceuticals International, Inc. (NYSE:VRX-Free Report), Allergan, Inc. (NYSE:AGN-Free Report), Gilead Sciences (Nasdaq:GILD-Free Report) and Forest Laboratories Inc. (NYSE:FRX-Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday's Analyst Blog:
DreamWorks TV Debuts on YouTube
DreamWorks Animation SKG Inc. (Nasdaq:DWA-Free Report) has launched its online TV channel, DreamWorks TV, on Google Inc. controlled YouTube. This multi-platform media service will combine DreamWorks original content library with the digital content delivery expertise of AwesomenessTV, which was acquired by DreamWorks in May 2013.
AwesomenessTV is a premier digital content developer and distributor. It boasts significant Internet offerings and generates revenues primarily from online advertising and distribution of content through media channels such as theatrical, home entertainment and television.
Recently, AwesomenessTV took over Big Frame, another digital content developer and distributor. Notably, DreamWorks has also entered into an online streaming agreement with Netflix Inc. (Nasdaq:NFLX-Free Report).
DreamWorks is diversifying its Feature film segment to mitigate volatility in the film business. Management has decided to invest in key growth areas in order to expand the company's operations into TV, consumer product, digital content and location-based entertainment. DreamWorks believes that exploring all options is the best way to optimally monetize its extensive portfolio of intellectual property rights.
DreamWorks TV primarily targets young viewers between the age group of six and eleven. The network plans to introduce more than a dozen new shows in the first few weeks from original live-action and animated short-form content library of DreamWorks Animation.
The Live Action series will include OMG, Record Setter Kids and Prank My Parents. Animation series will include Jimmy Blue Shorts, Gorillaville, Report Card, Public Pool and Fit Cat Therapist. Additionally, Richie Rich, an original scripted series based on the iconic comic book character will also be available.
DreamWorks currently carries a Zacks Rank #3 (Hold). Another better-ranked stock in the movie/TV production/distribution industry is News Corp. (Nasdaq:NWSA-Free Report), with a Zacks Rank #2 (Buy).
Valeant Receives FDA's Clearance for Restylane
Valeant Pharmaceuticals International, Inc. (NYSE:VRX-Free Report) announced that the FDA issued a marketing clearance for Restylane Silk Injectable Gel with 0.3% Lidocaine.
Restylane Silk Injectable Gel is indicated for submucosal implantation for lip augmentation and dermal implantation for correction of perioral rhytids in patients over the age of 21.
Valeant had conducted a clinical study (n=221) on Restylane to evaluate the safety and effectiveness of injections among females with light and dark skin to enhance lip fullness and to improve wrinkles around the lips.
As observed in the study data, 98% of subjects reported improvement in their lip fullness 14 days after injection and 76% of the subjects still had lip improvement 6 months after their injection.
We remind investors that in May 2014, Valeant entered into an agreement with Nestle S.A to sell its rights of Restylane, Perlane, Emervel, Sculptra, and Dysport for $1.4 billion in cash.
Valeant had acquired rights to aesthetics products such as Dysport, Perlane, and Restylan through its acquisition of Medicis in Dec 2012.
Earlier in the month, the FDA approved Valeant's New Drug Application (NDA) for Jublia (efinaconazole 10% topical solution) for the treatment of onychomycosis of the toenails.
Meanwhile, Valeant is engaged in a patent infringement suit with Allergan, Inc. (NYSE:AGN-Free Report) for Restylane and Perlane dermal filler products. Allergan has accused Valeant of infringing some of its patents in the U.S.
We note that Allergan recently rejected the revised acquisition offer by Valeant and Pershing Square Capital Management.
Valeant currently has a Rank #3 (Hold). Investors looking for better-ranked stocks in the healthcare sector may consider companies like Gilead Sciences (Nasdaq:GILD-Free Report) and Forest Laboratories Inc. (NYSE:FRX-Free Report). While Gilead Sciences carries a Zacks Rank #1 (Strong Buy), Forest Labs is a Zacks Rank #2 (Buy).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
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