Zacks Sell List Highlights: Diodes, NXP Semiconductors NV, The Fresh Market and Abercrombie & Fitch - Press Releases
December 22 2011 - 3:30AM
Zacks
For Immediate Release
Chicago, IL – December 22, 2011 – 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): Diodes
Incorporated ( DIOD) and NXP Semiconductors
NV ( NXPI). Further, Zacks announced #4 Rankings (Sell) on
two other widely held stocks: The Fresh Market Inc
( TFM) and Abercrombie & Fitch Co. ( ANF).
To see the full Zacks #5 Rank List - Stocks to Sell Now visit:
http://at.zacks.com/?id=92
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 DIOD and NXPI 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:
Diodes Incorporated ( DIOD) announced
third-quarter profit of 26 cents per share on November 8 that
missed analysts’ expectations by 23.53%. The Zacks Consensus
Estimate for the current year slid to $1.24 per share from $1.54
per share in the last 60 days as next year’s estimate dipped 33
cents per share to $1.12 per share in that time span.
NXP Semiconductors NV ( NXPI) posted a
third-quarter profit of 50 cents per share on November 1, which
came in 1 cents wider than the average forecast. The Zacks
Consensus Estimate for the full year fell to $1.70 per share from
$2.02 per share over the past two months. For 2012, analysts expect
a profit of $1.64 per share, compared to last two month’s
projection for a profit of $2.49 per share.
Here is a synopsis of why TFM and ANF 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 Fresh Market Inc ( TFM) third-quarter
profit of 19 cents per share, posted on November 30, lagged
analysts’ projections by 5.00%. Estimate for current year slid 4
cents per share to $1.06 per share over a month as next year’s
estimate dipped 4 cents per share to $1.32 per share in that time
span.
Abercrombie & Fitch Co. ( ANF) reported a
third-quarter profit of 57 cents per share on November 16 that fell
21.92% short of the Zacks Consensus Estimate. The full-year average
forecast is currently $2.79 per share, compared with last two
month’s projection of $3.27 per share. Next year’s forecast dropped
to $4.32 per share from $4.71 per share in the same period.
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
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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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ABERCROMBIE (ANF): Free Stock Analysis Report
DIODES INC (DIOD): Free Stock Analysis Report
NXP SEMICONDUCT (NXPI): Free Stock Analysis Report
FRESH MARKET (TFM): Free Stock Analysis Report
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