SOURCE: World Street Fundamentals

October 27, 2011 09:00 ET

Analyst View, Impact of Global Events -- Research Report on Garmin Ltd. and Ultratech, Inc.

HONG KONG--(Marketwire - Oct 27, 2011) - Today, released its industry report highlighting Garmin Ltd. (NASDAQ: GRMN) and Ultratech, Inc. (NASDAQ: UTEK). Full fundamental and technical analysis is available at

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 Garmin Ltd. for its current position within the technology industry. Garmin Ltd. (Garmin) is a provider of navigation, communication and information devices and applications, which are enabled by global positioning system (GPS) technology. Garmin designs, develops, manufactures and markets a diverse family of hand-held, portable and fixed-mount GPS-enabled products and other navigation, communications and information products. The entire report on Garmin Ltd. (NASDAQ: GRMN) is available here:

World Street has featured Ultratech, Inc. for its development within the technology industry. Ultratech, Inc. (Ultratech) develops, manufactures and markets photolithography and laser thermal processing equipment designed for manufacturers of integrated circuits, including advanced packaging processes and various nanotechnology components, thin film head magnetic recording devices, optical networking devices, laser diodes and high-brightness light emitting diodes (HBLEDs). The entire report on Ultratech, Inc. (NASDAQ: UTEK) is available here:

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