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Apple, IBM, JPMorgan, Bank of America and Citigroup highlighted in Zacks Analyst Blog:

CHICAGO, Jan. 15, 2013 /PRNewswire/ -- 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 Apple (AAPL), IBM (IBM), JPMorgan (JPM), Bank of America, (BAC) and Citigroup (C).

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Today, Zacks is promoting its ''Buy'' stock recommendations. Four daily picks are offered free.

Here are highlights from Tuesday's Analyst Blog:

Sector Bets: Banks Frothy, Tech Not Worthy

By now, everyone knows the overnight Apple (AAPL) story in the Wall Street Journal about the company scaling back orders for iPhone components.

Funny thing is, I remember a Fortune story from December 17 where their dedicated Apple-watcher since 1982, Phillip Elmer-DeWitt, compiled that week's analyst views and price target cuts based on those production cuts. Makes you wonder how fresh this WSJ info is and what is already priced-in.

Anyway, Technology earnings were not expected to be bright, and with Apple comprising 25% of the sector's haul, we need to pay attention to the downward estimate revisions that may still come this week with the consensus holding around $13.45 for the past 60 days.

Another big Tech name to watch is IBM (IBM), which just got cut to "Neutral" by JPMorgan (JPM). I don't know the details yet of the JPM call. But I do know IBM slipped to a Zacks #4 Rank (Sell) last week based on downward estimate revisions. IBM reports next Tuesday according to the company website.

My take has been that Technology looks cheap and the sector has underperformed for the last 6 months. I thought the bad news was all priced in. Apparently not. And Tech could only get cheaper if the big currents of IT capital spend continue to slow. The next few weeks of reports and guidance will either mark a bottom or keep a lid on tech.

Now, how about the best performing sector of 2012, the Financials. This is a BIG week for financial earnings with the bulk of the bulge bracket reporting, including Bank of America (BAC), Citigroup (C), among others.

It seems that if the S&P 500 is going to breakout to new highs, it would take some continued leadership from Financials at least.

But as Sheraz Mian pointed out, the national foreclosure settlement, among other things, has taken earnings growth for the Finance sector down from 9.7% for Q4 to just 2%.

Today, Zacks is promoting Four daily picks are offered free.

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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.

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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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