For Immediate Release
Chicago, IL –September 16, 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): Revlon, Inc. (REV) and VCA Antech, Inc. (WOOF). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Meridian Bioscience, Inc. (VIVO) and Stillwater Mining Company (SWC). 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 REV and WOOF 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:
Revlon, Inc. (REV) announced second-quarter earnings of 31 cents per share on July 29 that missed analysts' expectations by more than18%. The Zacks Consensus Estimate for the current year slipped 11 cents to $ 1.50 per share in the last 60 days Next year's estimate dipped by the same amount to $1.70 per share in that time span.
VCA Antech, Inc. (WOOF) posted a second-quarter earnings of 44 cents per share on July 22, which came in 5 cents below the average forecast. The Zacks Consensus Estimate for the full year fell to a profit of 16 cents per share from $1.47 over the past two months. For 2011 analysts expects the estimates to fall to $1.60, which would be a decrease of 20 cents in the same time period.
Here is a synopsis of why VIVO and SWC 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;
Meridian Bioscience, Inc. (VIVO) third-quarter earnings of 17 cents per share, posted on July 20, lagged analysts' projections by 5.6%. For 2010, the Zacks Consensus Estimate moved down 6 cents to 70 cents per share in the last two months as 5 out of 8 covering analysts cut back on forecasts. Estimate for next year slid 10 cents to 81 cents per share during that time period.
Stillwater Mining Company (SWC)reported a second-quarter profit of 15 cents per share on July 28 that fell 35% short of the Zacks Consensus Estimate. The full-year average forecast is currently 57 cents per share, compared with a profit of 95 cents projected two months ago. During that time, the only covering analyst revised downward. Next year's forecast dropped 50 cents to $1.17 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=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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REVLON INC-A (REV): Free Stock Analysis Report
STILLWATER MNG (SWC): Free Stock Analysis Report
MERIDIAN BIOSCI (VIVO): Free Stock Analysis Report
VCA ANTECH INC (WOOF): Free Stock Analysis Report
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