FWLT (MM)

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +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 FWLT and ITT 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:

Foster Wheeler AG (FWLT) announced third-quarter profit of 33 cents per share on November 2 that missed analysts? expectations by 25%. The Zacks Consensus Estimate for the current year slid to $1.48 per share from $1.67 per share in the last 60 days as next year?s estimate dipped 31 cents per share to $1.92 per share in that time span.

ITT Corporation (ITT) posted a third-quarter profit of $2.34 per share on October 28, which came in 2 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $1.51 per share from $9.49 per share over the past month. For 2012, analysts expect a profit of $1.69 per share, compared to last month?s projection for a profit of $8.53 per share.

Here is a synopsis of why SPB and HAE 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;

Spectrum Brands Holdings, Inc. (SPB) fourth-quarter profit of 47 cents per share, posted on November 16, lagged analysts? projections by 20.34%. Estimate for current year slid 38 cents per share to $2.46 per share over a month as next year?s estimate dipped 6 cents per share to $2.88 per share in that time span.

Haemonetics Corporation (HAE) reported a second-quarter profit of 72 cents per share on October 31 that fell 6.49% short of the Zacks Consensus Estimate. The full-year average forecast is currently $3.06 per share, compared with last month?s projection of $3.09 per share. Next year?s forecast dropped to $3.58 per share from $3.66 per share in the same period.
 
FOSTER WHELR AG (FWLT): Free Stock Analysis Report
 
HAEMONETICS CP (HAE): Free Stock Analysis Report
 
ITT CORP (ITT): Free Stock Analysis Report
 
SPECTRUM BRANDS (SPB): Free Stock Analysis Report
 
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