CHICAGO, June 7, 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): Safety
Insurance Group, Inc. (Nasdaq: SAFT) and Endurance Specialty
Holdings Ltd. (NYSE: ENH). Further, Zacks announced #4 Rankings
(Sell) on two other widely held stocks: China Shengda Packaging
Group Inc. (Nasdaq: CPGI) and MAKO Surgical Corp.
(Nasdaq: MAKO). 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 SAFT and ENH 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:
Safety Insurance Group, Inc. (Nasdaq: SAFT) announced
first -quarter loss of 23 cents per
share on May 4 that missed analysts'
expectations by 133%. This apart the earnings also missed the
previous year's results by 69%. The Zacks Consensus Estimate for
the current year slipped 35 cents to
$3.02 per share in the last 60 days.
Next year's estimate dipped a couple of cents to $3.29 per share in that time span.
Endurance Specialty Holdings Ltd. (NYSE: ENH) posted a
first-quarter loss of $2.42 per share
on May 2, which came in 18 cents wider than the average forecast. The
diluted earnings per share fell 147% to a loss of $2.25 on March 2011
as compared to results of March 2010.
The Zacks Consensus Estimate for the full year fell $1.17 per share to a profit of 49 cents per share over the past month reflecting
cuts by all the 7 covering analysts. For 2012, analysts expect a
profit of $5.00 per share, compared
to projections of a profit of $5.03
per share in a span of 7 days.
Here is a synopsis of why CPGI and MAKO 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;
China Shengda Packaging Group Inc.'s (Nasdaq: CPGI)
first-quarter earnings of 9 cents per
share, posted on May 13, lagged
analysts' projections by nearly 36%. For 2011, the Zacks Consensus
Estimate moved down 26 cents to a
profit of 32 cents per share in the
last 30 days as both the covering analysts cut back on forecasts.
Estimate for next year slid 37 cents
to a profit of 41 cents per share
during the same time span.
MAKO Surgical Corp. (Nasdaq: MAKO) reported a
first-quarter loss of 27 cents per
share on May 3, that fell 12% short
of the Zacks Consensus Estimate. The full-year average forecast is
currently pegged at a loss of 83
cents per share, compared to projections of a loss of
81 cents per share made 30 days back.
Next year's forecast dropped 1 cent
to a loss of 33 cents 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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