Vodafone 3G Building Momentum - Bull Of The Day

US : Zacks Equity Research highlights Vodafone Group as the Bull of the Day. Our Bull of the Day recommendation is for Vodafone Group (NYSE: VOD), a leading international wireless carrier. We expect the firm to continue to deliver solid operating results, with increasing shareholder returns through higher dividend payments and share repurchases.

Momentum is building for the company's 3G (Third Generation) wireless services and Vodafone is gaining market share in most of its key markets. In addition, management stated that Vodafone plans to return GBP 9 billion ($16 billion) to its shareholders this year. Recently, the company sold of its Japanese business entity. We believe this is a step in the right direction as market share and recurring net operating losses had limited improved visibility. Moreover, there is a possibility that the company will sell off its 45% stake in Verizon wireless. We believe this sale will also have a positive impact on the company's financials.

Johnson & Johnson (NYSE: JNJ) is one of the world's largest providers of healthcare products in the consumer, pharmaceutical and medical devices market. It has over 200 operating companies around the world and sells its products in more than 175 countries. J&J has an enormously diverse revenue stream consisting of market leading products in all three of its business segments. Unfortunately, given the sheer size of the company's top line J&J also possesses several declining or struggling products. Investment in J&J offers consistency and reliability, but we believe the shares are fairly valued at current levels.

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This Weeks 3G News