For Immediate Release

Chicago, IL - May 7, 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: Bank of America (BAC), Citigroup (C), Microsemi Corp. (MSCC), Foster Wheeler AG (FWLT) and Web.com (WWWW).

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Here are highlights from Wednesday's Analyst Blog:

Bank of America: Rumors & Denials

Over the past several days there have been many rumors and "leaked reports" on the need of additional capital by all the banks "stress tested" by the regulators -- and by Bank of America (BAC) and Citigroup (

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Foster Wheeler AG (FWLT) reported results for the first quarter of 2009.  In summary, Operating Revenues were $1.265 billion and EPS were 57¢; our estimates were $1.254 billion and 57¢. Close enough for government work!To put the quarter into perspective, Operating Revenues were down by 29.6% while EPS were off by 40.0%, even though the number of Shares declined by 12.8%. Drilling down into the details, Contract Profit declined by 25.0% to $162.8 million, while the Contract Profit Margin rose from 12.1% to 12.9%. S,G&A Expense rose 6.7% to $69.3 million and, as a percent of Sales, climbed from 3.6% to 5.5%.  Other Income was off by 41.5% to $8.2 million, while Other Deductions were only off by 4.7% to $6.1 million. Interest Income declined by 74.6% to $2.7 million, while Interest Expense was only down by 32.3% to $4.2 million.On top of all ...