CHICAGO, April 29, 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): Hanwha Solarone Co Ltd (Nasdaq: HOSL) and StoneMor Partners L.P. (Nasdaq: STON). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Core-Mark Holding Company, Inc. (Nasdaq: CORE) and Lancaster Colony Corp. (Nasdaq: LANC). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92
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 HSOL and STON 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:
Hanwha Solarone Co Ltd (Nasdaq: HOSL) announced fourth -quarter loss of 16 cents per share on March 17 that missed analysts' expectations by 135%. The Zacks Consensus Estimate for the current year slipped 4 cents to $1.28 per share in the last 30 days as 2 out of the 13 covering analysts reduced estimates. Next year's estimate dipped a penny to $1.30 per share in that time span.
StoneMor Partners L.P. (Nasdaq: STON) posted a fourth-quarter loss of 20 cents per share on March 29, which came in 8 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to a loss of $0.17 per share from $0.04 over the past month as 1 out of the 2 covering analysts slashed forecasts. For 2012, analysts expect a loss of $0.12 per share, compared to last month's projection for a profit of $0.03 per share.
Here is a synopsis of why CORE and LANC 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;
Core-Mark Holding Company, Inc. (Nasdaq: CORE) fourth-quarter profit of 53 cents per share, posted on Mar 16, lagged analysts' projections by 5%. For 2011, the Zacks Consensus Estimate moved down 44 cents to a profit of $2.45 per share in the last 60 days Estimate for next year slid 11 cents to a profit of $2.81 per share during a span of a month.
Lancaster Colony Corp. (Nasdaq: LANC) reported a third-quarter profit of 71 cents per share yesterday that fell 11% short of the Zacks Consensus Estimate. The net income fell 20% in 2011 as compared to last year's results. The full-year average forecast is currently $3.70 per share, compared with last week's projection of $3.72. During that time, 1 analyst out of 4 revised downward. Next year's forecast dropped 2 cents to $3.97 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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