CHICAGO, Feb. 1, 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): JetBlue
Airways Corporation (NYSE: JBLU) and Interactive Brokers
Group, Inc. (Nasdaq: IBKR). Further, Zacks announced #4
Rankings (Sell) on two other widely held stocks: Carpenter
Technology Corporation (NYSE: CRS) and Methanex Corporation
(USA) (Nasdaq: MEOH). 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 JBLU and IBKR 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:
JetBlue Airways Corporation (NYSE: JBLU) posted
fourth-quarter earnings per share of 3
cents on January 27 that
missed the average forecast by nearly 40%. The Earnings per share
dipped 25% on a year-over-year basis. The Zacks Consensus
Estimate for the full year declined 4
cents to a profit of 46 cents
per share in the last 7 days, reflecting cuts by 10 out of 14
analysts. Forecast for 2012 moved down 11
cents to 50 cents per share during a span of 30 days.
Interactive Brokers Group, Inc.' (Nasdaq: IBKR)
fourth-quarter earnings of 15 cents
per share, announced on January 20,
marked a 1000% drop on a year-over-year basis in its earnings per
share which ended in December 2010.
Analysts expected earnings of 17
cents per share. Revenues decreased 16% to $ 922 million from last year's $1,100 million. The Zacks Consensus Estimate for
2011 fell 5 cents to 86 cents per
share over the past week as 6 analysts out of 7 reduced
expectations.
Here is a synopsis of why CRS and FIX 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;
Carpenter Technology Corporation (NYSE: CRS) reported
second-quarter earnings per share of 21
cents on January 25, which
came in 13% short of the Zacks Consensus Estimate. The full-year
average forecast dipped 12 cents to
$1.26 per share in the last 7 days as
8 out of the 10 covering analysts lowered expectations. Next year's
estimate dropped 4 cents to
$2.74 per share in the same
period.
Methanex Corporation (USA) (Nasdaq: MEOH) announced
fourth-quarter earnings of 30 cents
per share on January 26, missing the
Zacks consensus estimate by 10 cents
that is by around 25 %. The average forecast for 2011 slipped
25 cents to a profit of $2.63 per share over the week as 3 out of the 8
covering analysts slashed projections.
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
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which was formed in 1978 by Leonard
Zacks. As a PhD in mathematics Len knew he could find
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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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Disclaimer: Past performance does not guarantee future
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Company: Zacks.com
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SOURCE Zacks Investment Research, Inc.