Zacks Sell List Highlights: Sykes Enterprises, Incorporated, Hewitt Associates, Owens-Illinois and Regal Entertainment Group - Press Releases

For Immediate Release

Chicago, IL –September 21, 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): Sykes Enterprises, Incorporated (SYKE) and Hewitt Associates, Inc. (HEW). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Owens-Illinois, Inc. (OI) and Regal Entertainment Group (RGC). 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 SYKE and HEW 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:

Sykes Enterprises, Incorporated (SYKE)posted a second-quarter earnings of 14 cents per share on August 2 which fell 53% short of the Zacks Consensus Estimate. The full-year average forecast dropped 6o cents to 81 cents per share over the past couple of months. During this period estimates for 2011 dropped 71 cents to $ 1.14.

Hewitt Associates, Inc.'s (HEW)third quarter earnings of 60 cents per share, posted on August 5, which came in 14 cents lower than the average forecast. The Zacks Consensus Estimate for the current year is pegged at $ 2.78 per share which is 15 cents lower than the last 60 days estimates. Next year's forecast fell 15 cents to $ 3.11 in the same period.

Here is a synopsis of why OI and RGC 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;

Owens-Illinois, Inc. (OI)posted a second-quarter earnings of 90 cents per share on July 29, which was a cent below estimates. The full year average forecast now stands at $ 2.88 per share which is 25 cents lower than what was estimated 60 days back, as one out of the 12 covering analysts slashed expectations. Next year's estimates fell 30 cents in the same period.

Regal Entertainment Group (RGC)announced fourth quarter earnings of 34 cents per share on August 26 which missed the Zacks Consensus Estimate by 3 cents per share. Estimates in the current year, ending June 2011 fell 6 cents to $ 1.34 in the past month, as 6 out of the 9 covering analysts reduced expectations. Estimates for 2012 fell 9 cents to $ 1.52 in the same time 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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HEWITT ASSOC (HEW): Free Stock Analysis Report
 
OWENS-ILLINOIS (OI): Free Stock Analysis Report
 
REGAL ENTMNT GP (RGC): Free Stock Analysis Report
 
SYKES ENTRP INC (SYKE): Free Stock Analysis Report
 
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