CHICAGO, May 20, 2008 (BUSINESS WIRE) -- 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: Skyworks Solutions (Nasdaq:
SWKS), Research in Motion (Nasdaq: RIMM), Apple (Nasdaq: AAPL),
American Oil and Gas (AMEX: AEZ) and Skechers (NYSE: SKX).

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Here are highlights from Monday's Analyst Blog:

Trends Favoring Skyworks Solutions

Skyworks Solutions (Nasdaq: SWKS) reported revenues of $201.7
million in the fiscal second quarter, up 11.9% year over year but down
4.1% sequentially, and was roughly in line with our estimate.
Pro-forma EPS of $0.16 beat our estimate by a penny. Non-GAAP gross
margin improved to 40.3% from 39.8% in the previous quarter and 38.3%
a year earlier, primarily due to operating efficiencies.

SWKS appears to be winning business in handset semis as well as
successfully broadening its footprint in linear products. We expect
incremental revenues from Research in Motion (Nasdaq: RIMM) in the
second half of calendar 2008 (as a results of the Freescale
acquisition), increasing EDGE/3G penetration as SWKS proliferates its
newer standard PA product and continued opportunity in the Apple
(Nasdaq: AAPL) iPhone.

Going forward, based on new product ramps at leading handset
customers and continued end-market diversification, management expects
revenues of $210 million in Q3. Gross margin is anticipated around
40.5% while EPS is anticipated to be $0.17. We have a Buy rating on
the stock, and maintain our target price of $11.

Let American Oil & Gas Pay You

We are reiterating our Buy rating on American Oil and Gas (AMEX:
AEZ) shares and increasing our target price from $8.00 to $9.00 per
share. Although recent results were on the weaker side, our overall
positive view of the AEZ story remains unchanged.

After booking reserves from the three Fetter Field wells it
drilled in 2007 as a result of its partnership with Halliburton-backed
RTA, we feel that the Fetter Field's risk profile has meaningfully
improved. Even with our conservative risked reserve assumptions we
feel that AEZ is undervalued at current levels. We see significant
reserve and production growth going forward.

We use an NAV (net asset value) calculation to value American Oil
& Gas. The company has three unique development opportunities, each
with a different return potential. We believe that our NAV calculation
conveys the return potential of these prospects and properly discounts
for drilling costs, LOE expenses, G&A, and future taxes. In our view,
the NAV calculation based on our commodity-price deck is a
conservative valuation approach. Contrary to general street practice
and the requirements of the SEC PV-10, we use after-tax cash flows in
our NAV model.

Buy Skechers Up to $30

Skechers (NYSE: SKX) first quarter sales were about $5 million
below our forecast, but its earnings per share were $0.12 ahead of our
estimate and $0.10 above consensus expectations. The EPS upside was
due to gross margins coming in higher than expected.

We remain bullish on the company's diverse portfolio of brands,
international growth opportunities, and retail store expansion, all of
which bode well for the company's long-term earnings growth. What's
more, SKX shares are trading at 10.9x our 2008 EPS estimate and 9.3x
our 2009 EPS estimate. We think this is an attractive valuation
relative to our estimate of Skechers long-term earnings growth rate.

We reiterate our Buy rating, but we are increasing our target
price from $26 to $30, which is about 14x our 2008 EPS estimate. SKX
shares are trading at 10.9x our 2008 EPS estimate and 9.3x our 2009
EPS estimate. This is a discount to its peer group, the S&P 500, and
our estimate of its long-term earnings growth rate. We think this is
an attractive valuation, and we are bullish on SKX shares.

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