CHICAGO, Jan. 4, 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): Frontline
Ltd. (NYSE: FRO) and Imperial Oil Limited (AMEX:
IMO). Further, Zacks announced #4 Rankings (Sell) on two other
widely held stocks: Ternium S.A. (NYSE: TX) and Randgold
Resources Ltd. (Nasdaq: GOLD). 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 FRO and IMO 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:
Frontline Ltd.'s (NYSE: FRO) third-quarter
earnings of 16 cents per share,
reported on November 30, came in a
penny lower than analysts' expectations. For 2010, the Zacks
Consensus Estimate moved down 40
cents to a profit of $1.85 per
share over the past couple of months. The forecast for 2011 dropped
91 cents to $2.03 per share in the same period.
Imperial Oil Limited (AMEX: IMO) posted a third-quarter
earnings of 48 cents per share on
November 1 in contrast to the Zacks
Consensus Estimate for a profit of 52
cents. The full-year average forecast is pegged at a profit
of $2.25 per share, which declined
from $2.27 in the last 30 days.
During that time, next year's estimate slid 8 cents to $2.80
per share.
Here is a synopsis of why TX and GOLD 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;
Ternium S.A. (NYSE: TX) third - quarter earnings of
76 cents per share, announced on
November 3, missed analysts'
expectations by a percent. The Zacks Consensus Estimate for 2010
dipped 19 cents to $3.16 per share over the 60 days as the covering
analysts revised downwards. The same period has seen a decline of
35 cents in the forecast for 2011,
which now stands at $3.58 per
share.
Randgold Resources Ltd. (Nasdaq: GOLD) reported a
third-quarter profit of 26 cents per
share in the month of November while analysts anticipated a profit
of 32 cents. The Zacks Consensus
Estimate for the current year dipped 4
cents to a profit of $1.76 per
share in the last 60 days as covering analysts pulled back on
expectations. Estimate for next year is pegged at $4.17 per share which is 3
cents worse than a month-ago projection.
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 +27%. 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 (-0.9% versus +9%). 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.
Zacks "Profit from the Pros" e-mail newsletter offers continuous
coverage of Zacks Rank Buy stocks and highlights those stocks
poised to outperform the market. Subscribe to this free newsletter
today by visiting http://at.zacks.com/?id=94
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc.,
which was formed in 1978 by Leonard
Zacks. As a PhD in mathematics Len knew he could find
patterns in stock market data that would lead to superior
investment results. Amongst his many accomplishments was the
formation of his proprietary stock picking system; the Zacks Rank,
which continues to outperform the market by nearly a 3 to 1 margin.
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Disclaimer: Past performance does not guarantee future
results. Investors should always research companies and
securities before making any investments. Nothing herein should be
construed as an offer or solicitation to buy or sell any
security.
Contact: Michael
Vodicka
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Company: Zacks.com
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SOURCE Zacks Investment Research, Inc.