For Immediate Release
Chicago, IL –September 30, 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): Aegean Marine Petroleum Network Inc (ANW) and Eaton Vance Corp. (EV). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: World Wrestling Entertainment, Inc. (WWE) and The Finish Line, Inc. (FINL). 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 ANW and EV 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:
Aegean Marine Petroleum Network Inc (ANW)reported a second quarter profit of 30 cents per share on August 11, which fell 21% short of the Zacks Consensus Estimate. The full- year average fore cast dropped 2 cents to $1.37 per share over the past couple of months, as 1 out of 8 covering analysts slashed expectations .
Eaton Vance Corp. (EV)reported third quarter earnings of 35 cents per share on August 18, which fell 8% short of the Zacks Consensus Estimate. The full-year average forecast dropped 7 cents to $1.39 per share in the past two months, as the covering analysts slashed expectations. During that time, next year’s estimate declined 10 cents to $1.74 per share.
Here is a synopsis of why WWE and FINL 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;
World Wrestling Entertainment, Inc. (WWE)Posted second quarter earnings of 8 cents per share on August 5 that was 43% behind the average forecast. The Zacks Consensus Estimate for 2010 decreased 10 cents to 71 cents per share over the past two months as the covering analysts cut back on projections. The full year estimate was pegged at 80 cents per share which was 8 cents below expectations in the same time period. Net revenues for 2010 fell $ 31.2 million to $ 106.8 million as compared to last year.
The Finish Line, Inc. (FINL)reported second quarter earnings of 31 cents per share on September 23. It missed the Zacks Consensus Estimate by 4 cents. The current year’s forecast fell 2 cents in the past 7 days as 9 out of the 12 covering analysts, slashed expectations. Next year’s projections also fell by the same amount to $ 1.35 in the same time span.
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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AEGEAN MARINE (ANW): Free Stock Analysis Report
EATON VANCE (EV): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis Report
WORLD WRESTLING (WWE): Free Stock Analysis Report
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