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Analyst View, Impact of Global Events - Research Report on Targacept, Inc. and Acme Packet, Inc.(October 27, 2011)
HONG KONG -- (Marketwire) -- 10/27/11 -- Today, www.WorldStreetFundamentals.com released its industry report highlighting Targacept, Inc. (NASDAQ: TRGT) and Acme Packet, Inc. (NASDAQ: APKT). Full fundamental and technical analysis is available at www.WorldStreetFundamentals.com/Reports.php?id=TRGT+APKT.
Short-term outlooks within US and global economies continue to adjust downward, as US Treasury yields touched their lowest levels in over 65 years. International Monetary Fund downgraded estimates for US growth by 1.0% this year, down from 2.5%. 'Significant downside risks' to the US economy were confirmed by the Federal Reserve pressured by 'strains in global financial markets'.
As the US dollar trades above an eight-month high against the Euro, it highlights a deepening of the Eurozone sovereign debt crisis - furthered by continued policy inaction from European governments. We expect continued volatility until economic data stabilizes and we see decisive policy action to deal with the Eurozone debt crisis.
Our members are preparing for a turn in tides. Currently, the Credit Suisse Risk Appetite Indicator is at a 30-year low. For the past three occurrences, this level has acted as a leading indicator of large stock market rallies 18 months following.
World Street Fundamentals has highlighted Targacept, Inc. for its current position within the healthcare industry. Targacept, Inc. is a biopharmaceutical company engaged in the design, discovery and development of neuronal nicotinic receptor (NNR) Therapeutics for the treatment of diseases and disorders of the nervous system. The Company's NNR Therapeutics target NNRs. As of December 31, 2010, it had a number of clinical-stage product candidates and preclinical programs. The entire report on Targacept, Inc. (NASDAQ: TRGT) is available here: www.WorldStreetFundamentals.com/Report.php?id=TRGT.
World Street has featured Acme Packet, Inc. for its development within the technology industry. Acme Packet, Inc. is a provider in session border control solutions, which enable the delivery interactive communications, such as voice, video and multimedia sessions, and data services across Internet protocol (IP), network borders. The entire report on Acme Packet, Inc. (NASDAQ: APKT) is available here: www.WorldStreetFundamentals.com/Report.php?id=APKT.
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