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 GLNG and ANW 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:
Golar LNG Limited (USA) (GLNG) reported second-quarter loss of 8cents per share, on Aug 31, which missed the Zacks Consensus Estimate by 17 cents. The average forecast for the current year declined to a profit of 42 cents per share from 52 cents in the past month. Next year?s forecast slipped by 4cents to $1.02 per share in the same time period.
Aegean Marine Petroleum Network Inc. (ANW) posted second -quarter earnings of 30 cents per share on Aug 11, which came in behind the Zacks Consensus Estimate of 38 cents. Estimates for the current year fell 35 cents to a profit of $1.35 per share in the past one month as 7 out of the 8 covering analysts reduced expectations.
Here is a synopsis of why LYV and WWE 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;
Live Nation Entertainment, Inc. (LYV) announced second-quarter loss of 8 cents per share cents on Aug 5 that was wider than the Zacks Consensus Estimate for a loss of 6 cents. The full-year average forecast for 2010 is currently pegged at a loss of 65 cents per share which worsened 19 cents over the past month, reflecting cuts by 2 of the 3 covering analysts. Estimate for 2011 dipped by a penny to 12 cents per share in the same period.
World Wrestling Entertainment, Inc. (WWE) reported second-quarter earnings of 8 cents per share on Aug 5, which came in behind the Zacks Consensus Estimate of 14 cents. The full – year average forecast reduced 10 cents to 71 cents for 2010 in the past 30 days as all 6 covering analysts lowered expectations. Next year?s estimate also slid 8 cents to 80 cents per share during that time.
AEGEAN MARINE (ANW): Free Stock Analysis Report
GOLAR LNG LTD (GLNG): Free Stock Analysis Report
LIVE NATION ENT (LYV): Free Stock Analysis Report
WORLD WRESTLING (WWE): Free Stock Analysis Report
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