Zacks Sell List Highlights: Skechers USA, Kimberly-Clark, Service Corporation and Bally Technologies - Press Releases

For Immediate Release

Chicago, IL –November 2, 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): Skechers USA, Inc. (SKX) and Kimberly-Clark Corporation (KMB). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Service Corporation International (SCI) and Bally Technologies Inc. (BYI). 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 SKX and KMB 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:

Skechers USA, Inc. (SKX) announced third quarter earnings of 74 cents per share on October 27, which missed analysts' projections by 26 %. The Zacks Consensus Estimate for the full year slipped 44 cents to a profit of $3.03per share over the past week, reflecting downward revisions by 5 out of the 6 covering analysts.

Kimberly-Clark Corporation (KMB) posted a third-quarter earnings of $1.14 per share last month against analysts projections of $1.28 per share. The Zacks Consensus Estimate for 2010 slid 18 cents per share to $4.62 per share in the last 7days as 13 analysts out of 14 reduced expectations. During that time, next year's forecast slipped 22 cents to a profit of $5.01 per share.

Here is a synopsis of why SCI and BYI 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;

Service Corporation International (SCI) reported third -quarter earnings of 13 cents per share, on October 27 which was a penny lower than the estimates. The full-year average forecast moved down 3 cents at a profit of 54 cents per share in the last 7 days, reflecting cuts by 3 out of 4 analysts.

Bally Technologies Inc. (BYI) reported fourth -quarter earnings of 40 cents per share on Aug 12, which was a 6 cents less than the average forecast. The Zacks Consensus Estimate for the current year fell 8 cents to a profit of $2.16 per share in the last week as 15 analysts out of 16 revised downward. Next year's estimate dipped by 5 cents to $2.64 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.

Zacks “Profit from the Pros” e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=5526

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5527

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Contact: Michael Vodicka
Company: Zacks.com
Phone: 312-265-9226
Email: pr@zacks.com
Visit: www.zacks.com

 


 
BALLY TECH INC (BYI): Free Stock Analysis Report
 
KIMBERLY CLARK (KMB): Free Stock Analysis Report
 
SERVICE CORP IN (SCI): Free Stock Analysis Report
 
SKECHERS USA-A (SKX): Free Stock Analysis Report
 
Zacks Investment Research
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Casinos & GamingConsumer DiscretionaryConsumer StaplesFootwearHousehold ProductsSpecialized Consumer Services
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!