For Immediate Release
Chicago, IL – August 24, 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): Omnicare, Inc. (OCR) and First Central European Media Enterprises Ltd. (CETV). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Ameristar Casinos, Inc. (ASCA) and Bally Technologies Inc. (BYI). To see the full Zacks #5 Rank List – Stocks to Sell Now visit: http://at.zacks.com/?i d=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 OCR and CETV 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:
Omnicare, Inc. (OCR) announced second-quarter earnings of 48 cents per share on Aug 5, which was 14 cents less than the Zacks Consensus Estimate. The full-year average forecast dropped 7 cents per share to 2.12 in the past week. The following year’s estimate dropped by 5 cents to a profit of 2.48 cents per share in that time period.
Central European Media Enterprises Ltd. (CETV) posted second -quarter loss of 82 cents per share on July 28, which was way behind the Zacks Consensus Estimate for a loss of 3 cents per share. The average forecast for 2010 widened to a loss of $1.36 per share from a loss of 83 cents over the past month as 2 out of 4 analysts slashed expectations.
Here is a synopsis of why ASCA 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;
Ameristar Casinos, Inc. (ASCA) posted second-quarter earnings of 13 cents per share on Aug 4 while analysts expected 20 cents. The last month has seen downward revisions by 12 of the 16 covering analysts, bringing the Zacks Consensus Estimate for 2010 down by 13 cents to a profit of 69 cents per share. For 2011, forecast slipped 6 cents to $1 per share in the same period.
Bally Technologies Inc. (BYI) posted fourth-quarter earnings of 55 cents per share on Aug 12, missing the Zacks Consensus Estimate by a penny. The average forecast for 2010 fell by a penny to a profit of 2.25 cents per share over the past week as all of the 12 covering analysts slashed expectations.
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/?i d=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.c om/performance for information about the performance numbers displayed in this press release.
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AMERISTAR CASIN (ASCA): Free Stock Analysis Report
BALLY TECH INC (BYI): Free Stock Analysis Report
CENTL EUR MEDIA (CETV): Free Stock Analysis Report
OMNICARE INC (OCR): Free Stock Analysis Report
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