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Zacks Sell List Highlights: Telekom Austria AG (ADR), Golar LNG Limited (USA), RTI International Metals and Origin Agritech
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For Immediate Release
Chicago, IL – April 1, 2011 – 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): Telekom Austria AG (ADR). (TKAGY - Snapshot Report) and Golar LNG Limited (USA) (GLNG - Snapshot Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: RTI International Metals, Inc. (RTI - Snapshot Report) and Origin Agritech Ltd. (SEED - Snapshot Report).
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 TKAGY and GLNG 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:
Telekom Austria AG (ADR).’s (TKAGY - Snapshot Report) fourth-quarter profit of 15 cents per share, announced on Feb 23, came in 17 cents lower than analysts’ expectations. The Zacks Consensus Estimate for the full year declined 56 cents to a profit of $1.43 per share over the 60 days as the covering analysts slashed forecasts.
Golar LNG Limited (USA) (GLNG - Snapshot Report) posted a fourth-quarter profit of 6 cents per share on Mar 1 while analysts projected a loss of 12 cents. Revenues in the fourth quarter decreased to $64.6 million as compared to $70.4 million for the third quarter of 2010 (the "third quarter"). The Zacks Consensus Estimate for 2011 fell 17 cents to a profit of $1.01 per share in the past month.
Here is a synopsis of why RTI and SEEDI 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;
RTI International Metals, Inc.’s (RTI - Snapshot Report) fourth-quarter loss per share of 23 cents, reported earlier this month, which missed analysts’ expectations by nearly 156%. The full-year average forecast moved down 48 cents to a loss of 8 cents per share in the last 30 days, reflecting cuts by 6 out of 8 analysts. Next year’s forecast fell 15 cents to a profit of $1.10 per share in the same period.
Origin Agritech Ltd.’s (SEED - Snapshot Report) first-quarter loss per share of 14 cents, reported on Feb 22, which missed analysts’ expectations by nearly 27%. The full-year average forecast moved down 6 cents to a profit of 37 cents per share in the last 60 days, reflecting cuts by the covering analysts. Next year’s forecast fell 7 cents to a profit of 42 cents per share in the same period.
Chicago, IL – April 1, 2011 – 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): Telekom Austria AG (ADR). (TKAGY - Snapshot Report) and Golar LNG Limited (USA) (GLNG - Snapshot Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: RTI International Metals, Inc. (RTI - Snapshot Report) and Origin Agritech Ltd. (SEED - Snapshot Report).
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 TKAGY and GLNG 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:
Telekom Austria AG (ADR).’s (TKAGY - Snapshot Report) fourth-quarter profit of 15 cents per share, announced on Feb 23, came in 17 cents lower than analysts’ expectations. The Zacks Consensus Estimate for the full year declined 56 cents to a profit of $1.43 per share over the 60 days as the covering analysts slashed forecasts.
Golar LNG Limited (USA) (GLNG - Snapshot Report) posted a fourth-quarter profit of 6 cents per share on Mar 1 while analysts projected a loss of 12 cents. Revenues in the fourth quarter decreased to $64.6 million as compared to $70.4 million for the third quarter of 2010 (the "third quarter"). The Zacks Consensus Estimate for 2011 fell 17 cents to a profit of $1.01 per share in the past month.
Here is a synopsis of why RTI and SEEDI 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;
RTI International Metals, Inc.’s (RTI - Snapshot Report) fourth-quarter loss per share of 23 cents, reported earlier this month, which missed analysts’ expectations by nearly 156%. The full-year average forecast moved down 48 cents to a loss of 8 cents per share in the last 30 days, reflecting cuts by 6 out of 8 analysts. Next year’s forecast fell 15 cents to a profit of $1.10 per share in the same period.
Origin Agritech Ltd.’s (SEED - Snapshot Report) first-quarter loss per share of 14 cents, reported on Feb 22, which missed analysts’ expectations by nearly 27%. The full-year average forecast moved down 6 cents to a profit of 37 cents per share in the last 60 days, reflecting cuts by the covering analysts. Next year’s forecast fell 7 cents to a profit of 42 cents per share 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 http://at.zacks.com/?id=93
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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Contact: Michael Vodicka
Company: Zacks.com
Phone: 312-265-9226
Email: pr@zacks.com
Company: Zacks.com
Phone: 312-265-9226
Email: pr@zacks.com
Visit: www.Zacks.com
Read the full analyst report on TKAGY
Read the full analyst report on GLNG
Read the full analyst report on RTI
Read the full analyst report on SEED
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