Jones Lang LaSalle, Baxter International, Wal-Mart, Johnson & Johnson and Intel

CHICAGO--([ BUSINESS WIRE ])--[ Zacks Equity Research ] highlights Jones Lang LaSalle (NYSE: [ JLL ]) as the Bull of the Day and Baxter International (NYSE: [ BAX ]) the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wal-Mart (NYSE: [ WMT ]), Johnson & Johnson (NYSE: [ JNJ ]) and Intel (Nasdaq: [ INTC ]).

Full analysis of all these stocks is available at [ http://at.zacks.com/?id=2678 ].

Here is a synopsis of all five stocks:

[ Bull of the Day ]:

We are changing our long-term recommendation for Jones Lang LaSalle (NYSE: [ JLL ]) to Outperform as we anticipate the stock to perform well above the broader market.

Jones Lang operates as a single-source provider of real estate solutions with a broad range of real estate products and services, and has an extensive knowledge of domestic and international real estate markets. In addition, Jones Lang has a strong balance sheet that enables it to continually invest in value drivers that act as key differentiators against its rivals.

Our long-term Outperform recommendation on the stock is supported by our target price of $90.00, or 28.6X our 2010 EPS estimate.

[ Bear of the Day ]:

Baxter International (NYSE: [ BAX ]) currently derives 58% of total revenues from international operations. Therefore, a strengthening U.S. dollar can hurt the company's international revenues and subsequently its bottom-line.

Also, Baxter reported an 80 basis-point contraction in gross margin in the first quarter. The company has also lowered its fiscal 2010 sales, earnings per share and cash flow guidance.

Finally, the company faces significant product recall issues and has also lowered its sales, earnings per share and cash flow outlook for fiscal 2010. This prompted us to downgrade the stock to Underperform with a target price of $41.

Latest Posts on the Zacks [ Analyst Blog ]:

Trade, the Euro and China

The U.S. simply cannot afford to increase its share of the global deficit. We already account for over a third of the entire worlda�s trade deficits. We have already played that role too long. While the sharp decline in oil prices that has accompanied the crisis in Europe will help offset some of the effect, in effect causing the oil exporting countries to run either smaller surpluses or larger deficits, the sharp rise in the dollar means that the U.S. will bear at least some of the adjustment in the form of higher trade deficits.

However, as a matter of accounting identity, the trade deficit has to be matched on a dollar-for-dollar (or euro-for-euro) basis with an increase in the capital account. In other words, if you buy something and dona�t pay for it with other goods, then you either go into debt or have to sell off assets.

While most of the debt is in the form of T-notes, to get a sense of what it means and its scale, try thinking about it in terms of the stock market. Last month the U.S ran a trade deficit of $41 billion. Over the course of a year, the current rate would be the equivalent of selling off Wal-Mart (NYSE: [ WMT ]), Johnson & Johnson (NYSE: [ JNJ ]) and Intel (Nasdaq: [ INTC ]). How much longer can that go on until we have nothing left?

Get the full analysis of all these stocks by going to [ http://at.zacks.com/?id=2649 ].

About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About the Analyst Blog

Updated throughout every trading day, the [ Analyst Blog ] provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.

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Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Jones Lang LaSalle, Baxter International, Wal-Mart, Johnson & Johnson and Intel