CHICAGO, Nov. 3, 2011 /PRNewswire/ -- 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): Gannett Co., Inc. (NYSE : GCI) and Whirlpool Corporation (NYSE : WHR). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Hasbro, Inc. (Nasdaq : HAS) and Haemonetics Corporation (NYSE : HAE).
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 GCI and WHR 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:
Gannett Co., Inc. (NYSE : GCI) announced third-quarter profit of 44 cents per share on October 17 that missed analysts' expectations by 2.22%. The Zacks Consensus Estimate for the current year slid to $2.09 per share from $2.12 per share in the last 30 days as next year's estimate dipped 7 cents per share to $2.17 per share in that time span.
Whirlpool Corporation (NYSE : WHR) third-quarter profit of $2.35 per share, posted on October 28, lagged analysts' projections by 12.31%. Estimate for current year slid 96 cents per share to $10.14 per share over a month as next year's estimate dipped $1.71 per share to $6.54 per share in that time span.
Here is a synopsis of why HAS and HAE 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;
Hasbro, Inc. (Nasdaq : HAS) third-quarter profit of $1.27 per share, posted on October 17, lagged analysts' projections by 2.31%. Estimate for current year slid 10 cents per share to $2.90 per share over a month as next year's estimate dipped 16 cents per share to $3.33 per share in that time span.
Haemonetics Corporation (NYSE : HAE) reported a second-quarter profit of 72 cents per share on October 31 that fell 6.49% short of the Zacks Consensus Estimate. The full-year average forecast is currently $3.09 per share, compared with last month's projection of $3.38 per share. Next year's forecast dropped to $3.66 per share from $3.89 per share in the same period.
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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 +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 (2.8% versus +9.7%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
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