CHICAGO, July 26, 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): WD- 40
Company (Nasdaq: WDFC) and Harbin Electric, Inc.
(Nasdaq: HRBN). Further, Zacks announced #4 Rankings (Sell) on two
other widely held stocks: ConAgra Foods, Inc. (NYSE:
CAG) and Collective Brands Inc. (NYSE: PSS).
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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 WDFC and HRBN 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:
WD- 40 Company (Nasdaq: WDFC) announced third-quarter
profit of 47 cents per share on
July 7 that missed analysts'
expectations by 9.62%. The Zacks Consensus Estimate for the current
year slipped to $2.07 cents per share
from $2.10 per share in the last 30
days as next year's estimate dipped 9
cents per share to $2.37 per
share in that time span.
Harbin Electric, Inc. (Nasdaq: HRBN) posted a
first-quarter profit of 34 cents per
share on May 10, which came in
24 cents wider than the average
forecast. The Zacks Consensus Estimate for the full year fell to
$2.14 per share from $2.31 per share over the past two months. For
2012, analysts expect a profit of $2.78 per share, compared to last two month's
projection for a profit of $2.93 per
share.
Here is a synopsis of why CAG and PSS 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;
ConAgra Foods, Inc. (NYSE: CAG) fourth-quarter profit of
47 cents per share, posted on
Jun 23, lagged analysts' projections
by 2.08%. Estimate for current year slid 9
cent per share to $1.81 per
share over two months as next year's estimate dipped 7 cents per share to $1.99 per share in that time span.
Collective Brands Inc. (NYSE: PSS) reported a
first-quarter profit of 42 cents per
share on May 24 that fell 48.78%
short of the Zacks Consensus Estimate. The full-year average
forecast is currently $1.05 per
share, compared with last month's projection of $1.13 per share. Next year's forecast dropped to
$1.46 per share from $1.54 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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