Zacks Sell List Highlights: CGG Veritas, Owens-Illinois, CEC Entertainment and Stratasys - Press Releases

For Immediate Release

Chicago, IL – August 12, 2010 – 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): CGG Veritas (CGV) and Owens-Illinois, Inc. (OI). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: CEC Entertainment, Inc. (CEC) and Stratasys, Inc. (SSYS). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=5522

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 CGV and OI 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:

CGG Veritas (CGV) announced second-quarter earnings of 2 cents per share on July 30, which missed the Zacks Consensus Estimate by 71%. The full-year average forecast fell 10 cents to a profit of 45 cents per share in the past month as 2 out of 4 analysts reduced forecasts. The following year’s estimate dropped 17 cents to $1.25 per share in that time period.

Owens-Illinois, Inc.'s (OI) second-quarter earnings of 90 cents per share, reported on July 29, lagged analysts’ expectations by a penny. The Zacks Consensus Estimate for 2010 decreased 37 cents to $2.89 per share in the last 30 days as all of the 11 covering analysts slashed projections. Next year’s estimate dipped 49 cents to $3.37 per share during that time.

Here is a synopsis of why CEC and SSYS 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;

CEC Entertainment, Inc. (CEC) posted second-quarter earnings of 35 cents per share on Aug 5 while analysts expected 45 cents. The last week has seen downward revisions by all of the 7 covering analysts, bringing the Zacks Consensus Estimate for 2010 down by 14 cents to a profit of $2.69 per share. For 2011, forecast slipped 11 cents to $3 per share in the same period.

Stratasys, Inc. (SSYS) posted a second-quarter profit of 11 cents per share in July, which came in 21% behind analysts expectations. The Zacks Consensus Estimate for 2010 moved down 8 cents to a profit of 52 cents per share over the past month as all of the 3 covering analysts lowered expectations. Estimate for next year declined 4 cents to 75 cents 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=5523

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% versus +10%). 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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CEC ENTERTANMNT (CEC): Free Stock Analysis Report
 
GEOPHYSIQUE-ADR (CGV): Free Stock Analysis Report
 
OWENS-ILLINOIS (OI): Free Stock Analysis Report
 
STRATASYS INC (SSYS): Free Stock Analysis Report
 
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