For Immediate Release

Chicago, IL – August 10, 2009 – 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: Apple (AAPL), Google (GOOG), Amazon (AMZN), eBay (EBAY) and EOG Resources Inc. (EOG).

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Here are highlights from Friday’s Analyst Blog:

Apple’s New Foray

Rumor has it that Apple (AAPL) might extend its digital payment processing business by allowing current iTunes Store account holders to purchase digital goods, including movies, TV shows and iPhone apps from third-party wholesalers, resellers, and value-added resellers.

We believe that Apple’s idea is to expand the iTunes platform to other third party vendors selling through other gateways in order to earn a sideway income from these purchases. This new line of business may not be good for Apple as payment processing fees are relatively low particularly for cheaper goods. As a strategy, Apple drives higher-margin business and has succeeded in this respect so far. However, even if this new line of business helps in increasing volumes, we feel that cost per transaction is likely to be high and this might hurt the company’s profitability.

Further, this move would put Apple in direct competition with services offered by recognized players in the payment processing industry such as Google’s (GOOG) Checkout, Amazon’s (AMZN) One-Click-Buying, eBay’s (EBAY) PayPal and Facebook’s ‘Pay with Facebook’ platform payment processing solutions.

EOG: Mixed Bag in Second Quarter

EOG Resources Inc. (EOG) reported second quarter earnings of 73 cents per share, compared with the Zacks Consensus Estimate of 43 cents per share and a year-ago profit of $2.52 per share.

The severe year-over-year downfall in earnings was due to a significant decrease in commodity-price realizations, partially offset by sound domestic volumes. Including one-time items, EOG posted a loss of 7 cents per share versus 71 cents per share in the year-earlier quarter.

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