CHICAGO, July 6, 2011 /PRNewswire/ -- Zacks.com releases
details on a group of stocks that are currently members of the
exclusive Zacks #5 Rank List – Stocks to Sell Now. These stocks are
currently rated as a Zacks Rank #5 (Strong Sell): Rofin-Sinar
Technologies (Nasdaq: RSTI) and Trina Solar Limited
(ADR) (NYSE: TSL). Further, Zacks announced #4 Rankings (Sell)
on two other widely held stocks: The E.W. Scripps Company
(NYSE: SSP) and 99 Cents Only
Stores (NYSE: NDN). To see the full Zacks #5 Rank List - Stocks
to Sell Now visit: http://at.zacks.com/?id=92
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Since inception in 1988, the S&P 500 has outperformed the
Zacks #5 Rank List of Stocks to Sell Now by 80% annually (+2% vs.
+10%). While the rest of Wall Street continued to tout stocks
during the market declines of the last few years, Zacks told
investors which stocks to sell or avoid.
Here is a synopsis of why RSTI and TSL have a Zacks Rank of #5
(Strong Sell) and should most likely be sold or avoided for the
next one to three months. Note that a #5 Strong Sell rating is
applied to 5% of all the stocks in the Zacks Rank universe:
Rofin-Sinar Technologies's (Nasdaq: RSTI) second -quarter
earnings of 43 cents per share,
announced on May 5, missed analysts'
expectations by 9 cents. The Zacks
Consensus Estimate for 2011 slid a penny to $2.00 per share. The following year's forecast
dropped 4 cents to $2.36 per share in the same period.
Trina Solar Limited (ADR) (NYSE: TSL) reported an
earnings of 63 cents per share in its
first quarter on May 17, which was
45 cents wider than the Zacks
Consensus Estimate. Net income was $47.7
million in the first quarter of 2011, decrease from
$145.3 million in the fourth quarter
of 2010. Moreover the diluted earnings per ADS reduced 2 cents to 63 cents
per share on a year-over-year basis. The Zacks Consensus Estimate
for 2011 dipped 15 cents to
$3.31 per share in a span of a month.
Next year's forecast slid 16 cents in
the same time span.
Here is a synopsis of why SSP and CTCM have a Zacks Rank of 4
(Sell) and should also most likely be sold or avoided for the next
one to three months. Note that a #4 Sell rating is applied to 15%
of all the stocks ranked by Zacks;
The E.W. Scripps Company (NYSE: SSP) announced
first-quarter loss of 13 cents per
share on May 10, which missed
analysts' projections by 160 %.The total operating revenue reduced
2.1 % as compared to 2010. The Zacks Consensus Estimate for the
full year slipped 8 cents to a loss
of 11 cents per share over the past
60 days.
99 Cents Only Stores (NYSE:
NDN) posted a fourth-quarter earnings of 25
cents per share on May 25,
which not only missed the average forecast by 7 % but also fell by
7% on a year-over-year basis. For the full year, the Zacks
Consensus Estimate fell 4 cents to
$ 1.15 per share from $ 1.19 in the last couple of months. Next year's
estimate moved down to $ 1.29 per
share from $ 1.46 during that time
span.
Truly taking advantage of the Zacks Rank requires the
understanding of how it works. The free special report;
"Zacks Rank Guide: Harnessing the Power of Earnings Estimate
Revisions" is available to provide this insightful background.
Download a free copy now to prosper in the years to come at
http://at.zacks.com/?id=93
About the Zacks Rank
Since 1988, the Zacks Rank has proven that "Earnings estimate
revisions are the most powerful force impacting stock prices."
Since inception in 1988, #1 Rank Stocks have generated an average
annual return of +28%. During the 2000-2002 bear market, Zacks #1
Rank stocks gained +43.8%, while the S&P 500 tumbled -37.6%.
Also note that the Zacks Rank system has just as many Strong Sell
recommendations (Rank #5) as Strong Buy recommendations (Rank #1).
Since 1988, Zacks Rank #5 stocks have significantly underperformed
the S&P 500 (2.8% versus +9.7%). Thus, the Zacks Rank system
allows investors to truly manage portfolio trading effectively.
Visit http://www.zacks.com/performance for information about the
performance numbers displayed in this press release.
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