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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

The Zacks Analyst Blog Highlights: Yahoo!, Charles Schwab, Wal-Mart Stores, American Express and Facebook

Zacks Equity Research

For Immediate Release

Chicago, IL – April 21, 2014 – 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 the Yahoo! Inc. (YHOO-Free Report), Charles Schwab Corp. (SCHW-Free Report), Wal-Mart Stores Inc. (WMT-Free Report), American Express Co. (AXP-Free Report) and Facebook Inc. (FB-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Thursday’s Analyst Blog:

Yahoo! Proposed 3 Executives to Board

Yahoo! Inc. (YHOO-Free Report) recently nominated three new directors to its board including its co-founder David Filo. The three will be voted on at the annual meeting on Jun 25 and with the addition of these three members the total count of the board of directors will increase to eight.

Filo started Yahoo! with co-founder and Stanford University classmate Jerry Yang in 1994. He resigned from the position of a board member in 1996 and is one of Yahoo's largest shareholders. Filo is contesting to rejoin Yahoo! after 18 long years.

The other nominees are Charles Schwab and Lee Scott. While Schwab is the Chairman of Charles Schwab Corp. (SCHW-Free Report), a stock brokerage firm, Scott is the former chief executive officer (CEO) of Wal-Mart Stores Inc. (WMT-Free Report). Yahoo!’s CEO Marissa Mayer is also a member of Wal-Mart's board.

The Internet company’s board has gone through several changes since Mayer’s appointment as the CEO in 2012. Investor Dan Loeb of Third Point LLC gave up his seat last year. The current change comes as directors John Hayes, chief marketing officer of American Express Co. (AXP-Free Report), and Peter Liguori, Tribune Co. CEO, refused re-election.

Meanwhile, the Internet service provider’s former chief operating officer (COO) Henrique de Castro will receive an exorbitant severance pay valued at about $58 million. De Castro was appointed as the COO to revitalize Yahoo’s advertising sales, but was fired in January when he failed to do so. De Castro worked in Yahoo for 15 months.

Mayer is undertaking several steps to revive Yahoo's business, from updating many of its online products to acquisitions. But Yahoo! continues to struggle with its advertising business whereas its competitors such as Facebook Inc. (FB-Free Report), Google, and Twitter Inc are maintaining strong revenue growth.

Yahoo! recently reported first-quarter 2014 earnings of that were down both sequentially and year over year, but slightly ahead of the Zacks Consensus Estimate of 29 cents driven by strength in its Alibaba business.

Yahoo! currently holds a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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