CHICAGO, Jan. 25, 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): Spectrum
Brands Holdings, Inc. (NYSE: SPB) and Cree, Inc.
(Nasdaq: CREE). Further, Zacks announced #4 Rankings (Sell) on two
other widely held stocks:
(Logo:
http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Barnes & Noble, Inc. (NYSE: BKS) and eLong,
Inc. (Nasdaq: LONG). 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 SPB and CREE 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:
Spectrum Brands Holdings, Inc. (NYSE: SPB) reported
fourth-quarter earnings per share of 25
cents on December 6, which
came in 10 cents shy of the Zacks
Consensus Estimate. The full-year average forecast dipped
37 cents to $1.76 per share in the last 60 days as covering
analysts lowered expectations. Next year's estimate dropped
59 cents to $2.86 per share in a span of 30 days.
Cree, Inc.'s (Nasdaq: CREE) second -quarter earnings of
47 cents per share, announced on
January 18, lagged the Zacks
Consensus Estimate by 4 cents. The
average forecast for 2011 decreased 37
cents to a profit of $1.78 per
share in the last 7 days. During that time period, the following
year's estimate moved down 32 cents
to $2.12 per share.
Here is a synopsis of why BKS and LONG 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;
Barnes & Noble, Inc. (NYSE: BKS) posted a
second-quarter loss of 22 cents per
share on November 30 while analysts
projected a loss of 7 cents. The
Zacks Consensus Estimate for the current year is pegged at a loss
of 78 cents per share, a decline of
39 cents in the last 60 days. The
average forecast for 2012 slid down 21
cents to a loss of 23 cents
per share.
eLong, Inc. (Nasdaq: LONG) announced a third-quarter
profit of a penny per share on November
11, which was missed the Zacks Consensus Estimate my
6 cents. The Zacks Consensus Estimate
for the full year decreased 12 cents to 13
cents per share over the past 90 days as the covering
analysts reduced expectations.
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.
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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
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which continues to outperform the market by nearly a 3 to 1 margin.
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SOURCE Zacks Investment Research, Inc.