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 ORI and TCB 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:
Old Republic International Corporation?s (ORI) fourth-quarter loss of 13 cents per share, announced last month, lagged analysts? expectations by 15 cents. The Zacks Consensus Estimate for 2011 slid 10 cents to 81 cents per share over the past month as 2 out of the 5 covering analysts lowered projections. The following year?s forecast dropped 5 cents to $1.32 per share in the same period.
TCF Financial Corporation (TCB) reported a profit of 22 cents per share in its fourth quarter on Jan 20, which was a penny less than the Zacks Consensus Estimate. Forecasts for 2011 fell 15 cents to 91 cents per share in a span of 30 days as 16 out of the 20 covering analysts lowered estimates reduced forecasts. Next year?s average forecast fell 14 cents to a profit $1.24 per share in the same time span.
Here is a synopsis of why WDFC and ABAX 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;
