For Immediate Release

Chicago, IL – October 21, 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: Nucor (NUE), Dow Chemical (DOW), Freeport McMoran (FCX), Mobile TeleSystems (MBT) and VimpelCom (VIP).

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Here are highlights from Tuesday’s AnalystBlog:

Inflation? What Inflation?

On a year-over-year basis, Crude goods are down 31.5%. However, the year-over-year numbers at the Intermediate — and especially the Crude — levels are going to show much slower declines in the next few months.

In October of last year, Intermediate goods prices fell 4.2% while prices fo Crude goods tumbled 16.1%. The plunge continued into November, with intermediate prices down 4.8% and crude goods falling 13.1%. This is a key reason why the year over year earnings for firms in the Materials sector, like Nucor (NUE), Dow Chemical (DOW) and Freeport McMoran (FCX) are going to generally look ugly in the third quarter, but will look wonderful in the fourth quarter.

From a broad economic point of view, this just adds to the compelling case for the Fed to keep interest rates low, and possibly even extend its unconventional quantitative easing policies. The danger is a recovery that is lackluster and falters, not that the economy overheats and inflation gets out of control.

MBT Confirms Outlook, Ups CapEx

Russia’s incumbent telecom carrier Mobile TeleSystems (MBT) released its 2009 outlook yesterday. The company has lifted its capital expenditure (CapEx) guidance to $1.8 billion from $1.5 billion as per the previous guidance.

This increase is primarily due to the expected growth in capital spending in Central Asian markets and appreciation of the ruble against the US dollar. While the revised CapEx for 2009 is lower than $2.2 billion spent in 2008, as a percentage of sales it still remains at 22%. In contrast, the company’s archrival VimpelCom (VIP) is expected to spend 12%-15% of sales in 2009.

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