CHICAGO, March 22, 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): Standard Parking Corporation (Nasdaq: STAN) and Getty Realty Corp. (NYSE: GTY). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Owens-Illinois, Inc. (NYSE: OI) and The Marcus Corporation (NYSE: MCS). 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 STAN and GLRE 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:
Standard Parking Corporation's (Nasdaq: STAN) fourth-quarter earnings of 29 cents per share, reported on March 9, came in a penny short of analysts' expectations. For 2011, the Zacks Consensus Estimate moved down 9 cents to a profit of $1.17 per share over the past month as 4 out of the 5 covering analysts cut back on projections.
Getty Realty Corp. (NYSE: GTY) posted a fourth-quarter profit of 48 cents per share on Feb 15 in contrast to the Zacks Consensus Estimate for a profit of 50 cents. The full-year average forecast is pegged at a profit of $2.09 per share, which declined from $2.20 in the last 30 days. During that time, next year's estimate slid 6 cents to $2.06 per share.
Here is a synopsis of why OI and MCS 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;
Owens-Illinois, Inc.'s (NYSE: OI) fourth-quarter earnings of 45 cents per share, announced on Jan 27, missed analysts' expectations by 4%. Revenues for the fourth quarter fell by nearly 50%. The Zacks Consensus Estimate for 2011 dipped 18 cents to $2.87 per share over the past couple of months. The same period has seen a decline of 23 cents in the forecast for 2012, which now stands at $3.47 per share.
The Marcus Corporation (NYSE: MCS) reported a third-quarter loss of 7 cents per share last on March 16 while analysts anticipated a profit of 5 cents. The Zacks Consensus Estimate for the current year fell 10 cents to a profit of 47 cents per share in the last 7 days as both the covering analysts pulled back on expectations. Estimate for next year is pegged at a profit of 62 cents per share, 5 cents lower than a week-ago projection.
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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 +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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