Zynga (ZNGA), as the world's leading provider of social game services, continues to expand into the mobile end. By launching Running With Friends on May 9, 2013, Zynga further expands it mobile portfolio. Similar to the previous launch of Draw Something 2 in April, Running With Friends is available on iPhone, iPad, and iPod touch. These new titles should contribute to Zynga's declining revenues in the coming quarters.

Draw Something 2 ranked No. 60 on the list of top grossing apps and No. 19 on top paid apps as of May 15, 2013. Draw Something 2 is estimated to generate $53,943 daily revenue, as seen from the data below.

(click to enlarge)

Source: Think Gaming

While this revenue estimate for Draw Something 2 may be limited by the publicly available data and Think Gaming's proprietary models, it indicates a solid start for Draw Something

Mosaic Co. (MOS), the largest U.S. fertilizer producer, continues to focus on achieving a more efficient balance sheet. Investors should not be surprised by Mosaic's target to increase its financial leverage. After the latest Q3 report, the management indicated its intention to reduce the company's cash and increase the leverage. The management emphasized its targets in the company's conference call on capital management philosophy.

Higher leverage

Mosaic's capital becomes flexible after May 26, which is the two-year anniversary of the Cargill split-off transaction. The top priority for the management is to maintain an investment grade rating and financial flexibility for Mosaic's balance sheet. For liquidity, the management set a target of $2.25 billion, with one-third of cash and two-thirds credit line. Management also wants to maintain a targeted leverage ratio (or adjusted debt-to-EBITDA) of 1.5 times, which means the management can issue additional $3 billion of debt on top

Check Point Software Technologies Ltd. (CHKP) is the worldwide leader in securing the Internet, providing customers with uncompromised protection against all types of threats to reduce security complexity and lower total cost of ownership. Check Point offers its customers a portfolio of network security, data security and management solutions.

Innovative Security Solutions

Check Point continues to deliver innovative security solutions to protect both enterprises and consumers. With the recent release of new 600 Appliances, Check Point helps the small businesses to implement comprehensive security to ensure employees and data are protected at all times. Earlier in April, Check Point also launched its new 1100 Appliances to provide enterprise-class security in a compact desktop package, which is perfect for branch and remote offices.

Fundamentally, Check Point continues to benefit from the increasing demand to fight cybercrimes. Check Point has higher revenue growth (3 year average) of 13.3

VimpelCom (VIP) is one of the world's largest integrated telecommunications services operators providing voice and data services through a range of traditional and broadband mobile and fixed technologies.

VimpelCom has a smaller market cap of $23.01B as compared to other mega telecom providers, such as AT&T (T) ($205.15B) and Vodafone Group (VOD) ($148.23B), as well as China Mobile (CHL) ($223.96B). However, VimpelCom continues to grow rapidly with a well-executed corporate strategy, consolidating Russian market and expanding into adjacent businesses. VimpelCom covers a wide, diversified market, including Russia, Italy, Ukraine, Kazakhstan, Uzbekistan, Tajikistan, Armenia, Georgia, Kyrgyzstan, Laos, Algeria, Bangladesh, Pakistan, Burundi, Zimbabwe, Central African Republic and Canada.

Dividends and Upcoming Earnings

With strong 2012 results, VimpelCom was paying out $2.0 billion in dividends. The management is committed to paying annual dividends of at least $0.80 per share going forward. VimpelCom is expected to release its Q1, 2012 earnings result

Autodesk (ADSK), with a market cap of $8.85 billion, is a design software and services company, providing customers productive business solutions mainly in the architecture, engineering, construction, manufacturing, digital media and entertainment industries.

Create 3D Models by Autodesk and iPad

Autodesk is on the right spot for 3D printing as the company is trying to help users create a 3D model via the iPad and a free app called 123D Catch. By taking 50-70 shots around the subject twice at different angles, 2D photos can be processed into a 3D model by using Autodesk's software. The 3D model can then be uploaded to Autodesk's 123D site or printed directly with a 3D printer, such as MakerBot.

Imagination and Limitation of 3D Printing

Although there are still limitations for 3D printing, the development for 3D printing technology had been phenomenal in the last few years. Autodesk's CEO, Carl Bass, stated

Despite mixed Q1 results, ConocoPhillips (COP) could be approaching a very significant inflection point for its operation while it continues to improve its bottom line.

ConocoPhillips, with a market cap of $71.93B, is the largest independent U.S. oil and natural gas producer. COP explores for, produces, transports, and markets crude oil, natural gas, natural gas liquids and liquefied natural gas, globally.

Mixed Results

For Q1, 2012, COP's net income fell to $2.14B ($1.73 per share) from $2.94B ($2.27 per share). Excluding discontinued operations, COP earned $1.42 per share. After spinning off Phillips 66 (PSX), COP's downstream business, in Q2, 2012, COP's income was negatively impacted by $700M. Excluding PSX's impact, the earnings were about the same a year ago. Total revenues fell 10% to $14.65B, from $16.08B the previous year. According to FactSet, analysts, on average, expected adjusted net income of $1.42 per share on revenue of $12.79B.

Falling

Alcatel-Lucent (ALU), a France-based company with a market cap of $3.13B, is a provider of telecommunications technology and services, which also engages in mobile, fixed, Internet Protocol and optics technologies, applications and services. With disappointing Q1 numbers, it may be still too early to give up ALU.

Disappoint ing Numbers

For Q1, 2013, ALU reported a net loss from continuing operation of $0.20 per ADS, which is lower than the Zacks Consensus Estimate of -$0.10 per ADS. Sales were nearly flat at $4.21B (€3.23B Euros) with a loss of $461.72M €353M Euros) as compared to a gain of $337.49M (€259M Euros) a year earlier. FactSet had forecast a Q1 loss of $345.31M (€265M Euros) on sales of $4.17B (€3.2B Euros).

As the company continues to be on a $1.63B (€1.25B Euros) restructuring program, cutting 5,000 jobs, new CEO Michel Combes still has a tough road ahead for

Corning Incorporated (GLW) is a global, technology-based corporation, operating in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. With better-than-expected earnings and strong buyback, Corning is marching up, lifted by Gorilla Glass.

Bottom Formed

On April 25, 2013, Corning's chairman and CEO Wendell P. Weeks told shareholders in the annual meeting that Corning's performance over past two quarters is a strong indication that the Corning has successfully formed the bottom and is ready to march up. Despite a tough 2012, Corning is ready for growth in 2013. The growth opportunities mainly come from 1) the proliferation of mobile devices, which increases the demand for thin, tough cover glass; 2) increasing demand for bandwidth, creating needs for fiber optic networks; 3) evolution to higher-resolution display devices, requiring more specialty glass to meet rigorous technical requirements; 4) increasing demand for emissions-control products due to tighter environmental

Akamai Technologies, Inc. (AKAM) provides content delivery and cloud infrastructure services for the delivery of content and applications over the Internet. Many companies spend money on web acceleration and content delivery technologies, such as the services provided by market leader Akamai, to avoid lost sales and customers due to slow web pages. Despite the controversial guidance earlier from the management, Akamai delivers with solid numbers.

Surprising Home Run

Akamai reported Q1 revenue of $368M, 15% increase from the year-earlier quarter, beating analysts' estimate of $357.7M. The management forecasts revenue of $368M to $378M in Q2 compared with a $363M analyst estimate. Q1 profit, including an 8-cent tax benefit, rose to 51 cents a share from 36 cents a year earlier, topping the average estimate of 46 cents, according to data compiled by Bloomberg. AKAM also forecasts Q2 profit excluding some items of 44 cents to 46

Zynga (ZNGA) is a leading provider of social game services with 253M average monthly active users over 175 countries. With declining revenue and a disappointing forecast, it may still be too early to dump ZNGA.

The Good and Bad

For Q1, Zynga reported net income of $4.1M (break-even on a per share basis) compared with a net loss of $85.4M (loss of 12 cents per share) for the same period last year. Adjusted net income was $9.1M (1 cent per share) for Q1. However, revenues declined nearly 18% to $263.6M while bookings fell to $229.8M. Analysts were expecting revenue of $264.5M with a loss of 3 cents per share.

ZNGA generated $230M in bookings, exceeding the management's expectations. FarmVille 2 outperformed with audience engagement and bookings hitting near peak levels in the quarter seven months after launch. The FarmVille 2 team was able to drive multiple days with

Broadcom Corporation (BRCM), with a market cap of $19.96B, is a global semiconductor solution for wired and wireless communications, providing system-on-a-chip, and software solutions. Broadcom continues to benefit from strong smartphone/mobile device sales, whereas BRCM's chips provide short-range wireless connectivity in Apple (AAPL)'s iPhone and iPad, as well as Samsung's Galaxy line of mobile devices. Apple and Samsung contribute for more than 30 percent of BRCM's sales, which was helped by stronger iPhone sales.

Strong Revenue and Profit

BRCM posted Q1 revenue of $2.01B, up 9.7 percent from the year-earlier period and beating analysts' expectation of $1.91B. BRCM reported net income of $191M (33 cents per share), up from $88M (15 cents per share) in Q1, 2012. Excluding one-time costs, BRCM earned 65 cents per share, beating analysts' estimate of 56 cents per share. Solid results were due to strong demand for wireless base band and connectivity chips.

Yum Brands, Inc. (YUM), with a market cap of $30.94B, is a quick service restaurant company based on a number of system units, including KFC, Pizza Hut, and Taco Bell. YUM took another hit with a new strain of bird flu in China while it was trying to recover from controversy over its chicken supply where unapproved levels of antibiotics were given. Despite a swift and decisive effort with "Operation Thunder," the sales in China are still down 30 percent so far in April.

Good Profit, Missed Revenue

YUM reported Q1 earnings of $0.70 per share, beating analysts' expectation of $0.60. However, revenue came in at $2.54B, which was below analysts' prediction of $2.56B. Same-store sales increased 2% in the United States but dropped 20% in China. China's sales remain a concern as 40% of YUM operating profit comes from China.

Weakness in China, but Expansion Continues

Currently,

Halliburton Company (HAL), with a market cap of $36.87B, is an oilfield services company, providing services and products to the energy industry. Despite a Q1 loss, HAL is expanding significantly in the international market while improving the margins in North America.

Better Than Expected Results Despite Q1 Loss

Due to $1 billion pretax charge to help settle a lawsuit related to the Deepwater Horizon oil spill, the company lost $18M (or 2 cents per share) in Q1. Excluding the money set aside, Q1 earnings declined 25% to 67 cents per share, which still beat analyst expectations by 10 cents.

Revenue and Margin

Total company revenue of $7B was a record for a Halliburton first quarter, and operating income was $902M. Revenues and operating income for international operations expanded significantly (revenues grew by 21%) compared with the prior year as HAL outgrew its primary competitors. Sequentially, North America margins

While it is still early to bet on the economic recovery for Europe, some European banks have started to rebound after a long slide. In this article, three European banks will be quickly reviewed, including Banco Santander SA (SAN), Lloyds Banking Group (LYG) and Deutsche Bank AG (DB).

Banco Santander SA

Banco Santander SA, with a market cap of $75.45B, is a Spain-based financial institution, offering retail, commercial, private banking and asset management services. Although SAN had managed itself better compared with its peers during the financial storm, the short-term risk remains that could impact the returns negatively.

On April 23, 2013, UBS upgraded SAN from sell to neutral. Analysts currently have a mean target price of $8.71, suggesting 19.15% upside potential based on the closing price of $7.31 on April 23, 2013. Analysts, on average, are estimating an EPS of $0.77 with revenue of $73.36B

United Technologies Corporation (UTX) is a diversified conglomerate, providing high technology products and services to the building systems and aerospace industries worldwide. Despite the mixed earnings results, UTX continues to hold strong cash position while focusing on integration to boost profitability.

Mixed Results

For Q1, 2013, revenue increased to $14.4B, which is below analysts' estimate of $14.9B. However, net income of $1.39 per share is well above the estimate of $1.29 per share. The management also reaffirmed a forecast for full-year profit of $5.86-$6.15 per share on $64B-$65B of sales.

Declining Organic Sales due to Tough Market Conditions

The acquisition of Goodrich and IAE had provided $0.21 of earnings for Q1; however, organic sales declined 2%. However, North America and emerging markets continue to recover while Europe continues to be a headwind. On the positive side, UTX's portfolio is well positioned for a resumption of top-line growth as

In April, 2013, the gaming revenue for Macau is trending higher by 13-15 percent year-over-year as estimated by Wells Fargo, which is higher than the bank's previous estimates of 12-14 percent. Three Casino stocks are expected to benefit from this better-than-expected gaming revenue in Macau, including Las Vegas Sands Corp. (LVS), Melco Crown Entertainment Limited (MPEL), and Wynn Resorts, Limited. (WYNN).

Wells Fargo expects above-consensus 2013 Macau gaming revenue (with growth of 16 percent compared to last year). Analyst Cameron McKnight said,

Month-to-date ADR (including Slots) of 964MM MOP is up 16% yr/yr and flat from the prior week. We believe concerns over avian influenza and recent soft economic data are overdone, and remain buyers of Macau stocks Melco Crown Entertainment Limited, Wynn Resorts Ltd. and Las Vegas Sands Corp.

Las Vegas Sands Corp.

Las Vegas Sands Corp. develops integrated resorts worldwide and derives about 85% of

BHP Billiton Ltd (BHP), with a market cap of $103.46B, is a global, diversified resources company engaged in discovering, acquiring, developing, and marketing natural resources, producing major commodities such as aluminum, copper, energy coal, iron ore, and manganese, among others. Although it may still be too early to invest into industrial metals & minerals, BHP continues to cut costs and production improvement had been seen.

Increasing Production

On April 17, 2013, BHP reported improved quarterly year-over-year production data, ended on March, for most of its segments. Despite the declining yield on petroleum, lead, gold, silver, diamonds and energy coal, the production for aluminum, nickel, copper, zinc, iron, manganese alloy and metallurgical coal had all increased compared to the same period a year ago. BHP had also closed its diamond business by selling its stake in the EKATI mine on April 10 for $533M. Similar to BHP, another major

Abbott Laboratories (ABT) engages in the discovery, development, manufacture, and sale of healthcare products worldwide, operating in four business segments: Established Pharmaceuticals Division (EPD), Medical Devices, Diagnostics and Nutritionals. Despite mixed global economy, ABT continues its growth from emerging market, led by the nutritional segment.

Strong Q1 Profit
For Q1, 2013, sales increased 1.8% to $5.38B, which was slightly below analysts' expectation of $5.42B. However, without the research-based pharmaceuticals business, which spun out as AbbVie (ABBV) at the beginning of the year, ABT reported earnings of 42 cents a share, beating analysts' consensus by a penny. Management also confirmed the full-year 2013 ongoing EPS outlook, which is for double-digit growth at the mid-point of the range. Despite a mixed global economy, ABT managed to deliver its current growth expectations and management expects to see some improvement in the second half of 2013.

Emerging Markets
ABT continues to expand

Enterprise Products Partners L.P. (EPD), a Houston-based master limited partnership, owns and operates natural gas liquids, NGL, related businesses of Enterprise Products Company, EPCO, providing midstream energy services in North America. With increasing distribution and well managed capital structure, EPD remains a top MLP for investors to review.

Consistent Distribution Growth

EPD has consistent distribution growth. Since EPD's IPO, there were 44 distribution increases with 35 consecutive quarters where EPD had increased the distribution. EPD even increased distribution during the financial crises in 2008 and 2009.

Capital Projects

In 2012, EPD completed 26 major capital projects (total cost about $3B). EPD was about 3.3% under budget and had sold some assets in 2012. EPD sold the remaining energy transfer equity assets for about $1.1B and re-invested the proceeds in the organic growth projects.

Operation and Financial Highlights

For 2012, EPD had record natural gas NGL pipeline volumes and fractionation

General Electric Company (GE), with a market cap of $226.16B, is a diversified technology and financial services company and a leader in all markets in which it competes. On April 19, 2013, GE reported in-line operating profit of $3.6B or 35 cents per share. However, GE's share price dropped more than 4% due to declining revenue from the industrial end.

The Good and Bad for Q1, 2013

For Q1, GE reported the continuing operations revenues of $35B. Industrial sales were down 6% to $22.3B. Power and water dragged the overall results, whereas Europe services remained tough. The industrial segment profits were about $200M below the management's expectations due to the worsening condition in Europe and some short cycle push outs from March into Q2. The gap was offset by cost control and better than expected GE Capital performance. Further, shipments should improve significantly in the second half.