CHICAGO, Aug. 31, 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): Sanderson
Farms, Inc. (Nasdaq: SAFM)) and Cooper Tire & Rubber
Company (NYSE: CTB). Further, Zacks announced #4 Rankings
(Sell) on two other widely held stocks: Sonoco Products
Company (NYSE: SON) and AK Steel Holding Corporation
(NYSE: AKS).
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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 SAFM and CTB 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:
Sanderson Farms, Inc. (Nasdaq: SAFM) announced
third-quarter loss of $1.86 per share
on August 25 that missed analysts'
expectations by 113.79%. The Zacks Consensus Estimate for the
current year increased to a loss of $4.22 per share from $2.11 per share in the last 30 days as next
year's estimate dipped $1.35 per
share to $1.33 per share in that time
span.
Cooper Tire & Rubber Company (NYSE: CTB) posted a
second-quarter profit of 18 cents per
share on August 4, which came in
28 cents wider than the average
forecast. The Zacks Consensus Estimate for the full year fell to
$1.46 per share from $2.31 cents per share over the past month. For
2012, analysts expect a profit of $1.96 per share, compared to last month's
projection for a profit of $2.68 per
share.
Here is a synopsis of why SON and AKS 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;
Sonoco Products Company (NYSE: SON) second-quarter profit
of 60 cents per share, posted on
July 21, lagged analysts' projections
by 4.76%. Estimate for current year slid 1
cent per share to $2.46 per
share over a month as next year's estimate dipped 1 cent per share to $2.76 per share in that time span.
AK Steel Holding Corporation (NYSE: AKS) reported a
second-quarter profit of 32 cents per
share on July 26 that fell 37.25%
short of the Zacks Consensus Estimate. The full-year average
forecast is currently 52 cents per
share, compared with last month's projection of 53 cents per share. Next year's forecast dropped
to $1.40 per share from $1.42 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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