Zacks Sell List Highlights: Johnson Controls, AVX, Dole Food and Koninklijke Ahold N.V. - Press Releases
February 02 2012 - 3:30AM
Zacks
For Immediate Release
Chicago, IL – February 2, 2012 – 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): Johnson Controls,
Inc. ( JCI) and AVX Corporation ( AVX).
Further, Zacks announced #4 Rankings (Sell) on two other widely
held stocks: Dole Food Company, Inc. ( DOLE) and
Koninklijke Ahold N.V. ( AHONY).
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 JCI and AVX 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:
Johnson Controls, Inc. ( JCI) announced
first-quarter profit of 60 cents per share on January 19 that
missed analysts’ expectations by 3.23%. The Zacks Consensus
Estimate for the current year slid to $2.75 per share from $2.99
per share in the last 30 days as next year’s estimate dipped 25
cents per share to $3.35 per share in that time span.
AVX Corporation ( AVX) posted a third-quarter
profit of 22 cents per share on January 25, which came in 5 cents
wider than the average forecast. The Zacks Consensus Estimate for
the full year fell to $1.19 per share from $1.27 per share over the
past month. For 2013, analysts expect a profit of $1.06 per share,
compared to last month’s projection for a profit of $1.18 per
share.
Here is a synopsis of why DOLE and AHONY 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;
Dole Food Company, Inc. ( DOLE) third-quarter loss
of 17 cents per share, posted on November 17, lagged analysts’
projections by 70%. Estimate for current year slid 4 cents per
share to $1.24 per share over a month as next year’s estimate
dipped 2 cents per share to $1.43 per share in that time span.
Koninklijke Ahold N.V. ( AHONY) reported a
third-quarter profit of 29 cents per share on November 17 that fell
3.33% short of the Zacks Consensus Estimate. The full-year average
forecast is currently $1.13 per share, compared with last month’s
projection of $1.17 cents per share. Next year’s forecast dropped
to $1.28 per share from $1.32 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
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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AHOLD N V ADR (AHONY): Free Stock Analysis Report
AVX CORP (AVX): Free Stock Analysis Report
DOLE FOOD CO (DOLE): Free Stock Analysis Report
JOHNSON CONTROL (JCI): Free Stock Analysis Report
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