Zacks Sell List Highlights: Credit Suisse Group AG (ADR), MGE Energy, K-Swiss and Bally Technologies

Mar 18, 2011, 09:39 ET from Zacks Investment Research, Inc.

CHICAGO, March 18, 2011 /PRNewswire/ -- 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): Credit Suisse Group AG (ADR) (NYSE: CS) and MGE Energy, Inc. (Nasdaq: MGEE). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: K-Swiss Inc. (Nasdaq: KSWS) and Bally Technologies Inc. (NYSE: BYI) To see the full Zacks #5 Rank List - Stocks to Sell Now visit:


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 CS and MGEE 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:

Credit Suisse Group AG (ADR)'s (NYSE: CS) full-year earnings per share of 61 cents announced on Feb 10, missed analysts expectations by 44%. The Zacks Consensus Estimate for the full year declined to a profit of $5.26 per share from $5.51 over the past 90 days. Next year's forecast fell 31 cents to a profit of $6.15 per share in the last days.

MGE Energy, Inc. (Nasdaq: MGEE) posted a fourth-quarter profit of 52 cents per share on Feb 24, which was 13 cents wider than analysts' projections. The Zacks Consensus Estimate for 2011 fell 33 cents to a profit of $2.50 per share in the last 30 days as the only covering analyst reduced forecasts. Also the estimates for 2012 fell 42 cents in the same time span.

Here is a synopsis of why KSWS 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;

K-Swiss Inc. (Nasdaq: KSWS) announced fourth-quarter loss per share of 58 cents on Feb 17 that lagged the Zacks Consensus Estimate by 94%. The full-year average forecast moved down 50 cents to a loss of 99 cents per share in the last 30 days, reflecting cuts by all of the 4 covering analysts. Estimate for 2012 dipped 21 cents to 5 cents per share in the same period.

Bally Technologies Inc. (NYSE: BYI) announced second-quarter earnings of 44 cents per share on Feb 2, which came in nearly 4% short of analysts' expectations. Revenues decreased to $182.7 million from $205.0 million. Diluted earnings per share fell by nearly 6% on a year-over-year-basis. The Zacks Consensus Estimate for 2011 dipped 12 cents to $2.03 per share in the last 30 days as all the 16 covering analysts reduced forecasts. Estimate for 2012 is $2.59 per share, which fell 8 cents in the same period.

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

About the Zacks Rank

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 +27%. 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 (-0.9% versus +9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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