For Immediate Release

Chicago, IL – August 10, 2009 – Zacks.com releases the list of companies likely to issue earnings surprises. This week’s list includes Wal-Mart (WMT), J.C. Penney (JCP), Kohl's (KSS), Macy's (M), Cree, Inc. (CREE) and Ethan Allen (ETH). To see more earnings analysis, visit http://at.zacks.com/?id=3207.

Every day, Zacks.com makes 4 stock picks available, free of charge. To see them, go to http://at.zacks.com/?id=5612.

This Week's Events

Retailers will start to release second-quarter results this week, accounting for nearly 10% of the 246 scheduled reports. Dow component Wal-Mart (WMT) will be joined by 15 other members of the S&P 500, including J.C. Penney (JCP), Kohl's (KSS) and Macy's (M).

The Fed will hold a 2-day meeting on Tuesday and Wednesday. No change in interest rates will be made, though the statement should acknowledge that the economy

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Retailers will start to release second-quarter results this week, accounting for nearly 10% of the 246 scheduled reports. Dow component Wal-Mart (WMT) will be joined by 15 other members of the S&P 500, including J.C. Penney (JCP), Kohl's (KSS) and Macy's (M).

The Fed will hold a 2-day meeting on Tuesday and Wednesday. No change in interest rates will be made, though the statement should acknowledge that the economy is nearing stabilization.

The bond markets could be volatile, not only because of the Fed meeting, but also because of quarterly refunding. The Treasury Department will auction 3-year, 10-year and 30-year bonds. The offerings should total $75 billion.

Most of the week's economic data will be released after the Fed's meeting, with the exception of the preliminary estimate of Q2 productivity. We'll see the latest industrial production and consumer sentiment numbers on Friday.

Tuesday: Q2 productivity Wednesday: June

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Cree Inc (CREE) has announced that the city of Gwangju in South Korea has joined its LED City initiative. Gwangju is the South Korean center for the advancement of photonics, housing more than 180 companies carrying out research, development and commercialization of LED lighting products.   The LED city program essentially converts an entire city to the LED lighting platform, studying the resultant impact on cost, energy savings and benefit to the environment. It is currently expected that the program will result in a 30% reduction in energy consumption, compared to compact fluorescent lamps. Power savings are expected to be 234,000kWh per year, and carbon emissions are expected to go down by 8,465 kg annually. The lighting installations will receive further exposure at the World Photonics Expo to be held in Gwangju from October 9 to November 5.

Cree is as close to an LED pureplay as one can get.

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We are presenting a list of companies which we believe are currently mispriced, based on our estimate of fair value, by the market. We develop our fair value ranges by projected free cash flow out one year and estimating an appropriate FCF multiple based on our assessment of risk and the strength of the balance sheet.

Cisco Systems [CSCO: 19.57, +0.84 (+4.48%)] Recent Price $17.04 Value Range 21.86 – $38.41 Cisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and around the world. Its products are designed to transform how people connect, communicate and collaborate. Cisco Systems, Inc.’s products, which include primarily routers, switches, and products that the

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For Immediate Release

Chicago, IL - May 1, 2009 - Zacks Equity Research picks Cree Inc. (CREE) as Bull of the Day and Post Properties (PPS) as Bear of the Day. In addition, the analysts at Zacks Equity Research discuss the latest on Marathon Oil (MRO), ConocoPhillips (COP) and BP (BP).

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

Bull of the Day

Cree Inc. (CREE) is one of the leading producers of SiC and GaN-based LEDs. March quarter revenue was in-line with the consensus, while the EPS exceeded. Forward guidance is for a 5-9% revenue increase in the June quarter.

The global movement to energy-efficient lighting is prompting lighting companies and consumers to look at other options. Therefore, lighting will be the strongest end-market for Cree, likely followed by video displays and notebooks. Yield improvements, higher capacity utilization, larger wafers and offshore production will increasingly

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Cree Inc. (CREE) is one of the leading producers of SiC and GaN-based LEDs. March quarter revenue was in-line with the consensus, while the EPS exceeded. Forward guidance is for a 5-9% revenue increase in the June quarter.

The global movement to energy-efficient lighting is prompting lighting companies and consumers to look at other options. Therefore, lighting will be the strongest end-market for Cree, likely followed by video displays and notebooks. Yield improvements, higher capacity utilization, larger wafers and offshore production will increasingly offset new product ramp up costs.

The LED market is hot in our opinion, and the LLF acquisition opens up new opportunity. We are reiterating our BUY rating on CREE shares. Zacks Investment Research

For Immediate Release

Chicago, IL - April 29, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cree, Inc. (CREE), General Electric (GE), B/E Aerospace (BEAV), Honeywell (HON) and Anadys (ANDS).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.

Here are highlights from Tuesday's Analyst Blog:

CREE: The Lights Are On

The global movement to energy-efficient lighting is prompting lighting companies and consumers to look at other options. Therefore, lighting will be the strongest end market for Cree, Inc. (CREE), likely followed by video displays and notebooks. Yield improvements, higher capacity utilization,

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The global movement to energy-efficient lighting is prompting lighting companies and consumers to look at other options. Therefore, lighting will be the strongest end market for Cree, Inc. (CREE), likely followed by video displays and notebooks. Yield improvements, higher capacity utilization, larger wafers and offshore production will increasingly offset new product ramp up costs. The LED market is hot in our opinion, and the LLF acquisition opens up new opportunity.With the signing of the energy bill in December 2007, the U.S. government has decided to ban inefficient light bulbs by 2012. The energy efficiency standards set by the government effectively do away with incandescent light bulbs as we know them today. Although General Electric (GE) has stated that it is developing a more efficient bulb that will meet the efficiency standards, a delay in development may actually put it out of the running.The ...

Today we are featuring "technology equity" mutual funds, which invest at least 50% of their assets in companies that develop or are expected to benefit from advanced technologies.

Investors can find such funds by checking out the Zacks #1 Rank Technology Equity Funds list.

Fidelity Select Software and Computer Service (FSCSX) incepted in July 1985 and is managed by the Fidelity Group. The fund primarily invests in securities of companies engaged in software or information-based services.

The fund may invest a significant percentage of assets in a single issuer and also in securities of foreign issuers. The fund offers dividends and capital gains (if any) twice a year in April and December. This zacks#1 Rank fund has an expense ratio of .85%.

In 2008, the fund outpaced 34.37% of its peers in terms of annual return. FSCSX's top holdings include Microsoft Corp. (

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NetScout Systems, Inc. (

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