OWENS-ILLINOIS (OI) - Profit Tracks

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List - Stocks to Sell Now by 80% annually (+2% versus +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.
 
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
 
Zacks Investment Research