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For Immediate Release
Chicago, IL – October 7, 2010 – 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): Telephone & Data Systems, Inc. ( TDS - Analyst Report ) and Gulfport Energy Corporation ( GPOR - Snapshot Report ) . Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Mobile Mini, Inc. ( MINI - Snapshot Report ) and United States Steel Corporation ( X - Analyst Report ) . To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=5522
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 TDS and GPOR 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:
Telephone & Data Systems, Inc. ( TDS - Analyst Report ) second quarter earnings of 20 cents per share which was announced on August 5, lagged analysts expectations by 10 cents. The Zacks Consensus Estimate for the current year slid 12 cents to $ 1.46 per share over the past 60 as the covering analysts lowered projections. The following year’s forecast dropped 15 cents to $ 1.56 per share in the same period.
Gulfport Energy Corporation ( GPOR - Snapshot Report ) second quarter earnings of 24 cents per share, announced on August 5, trailed the Zacks Consensus Estimate by 24 cents. The last 60 days has seen downward revision by the covering analysts, bringing the full-year average forecast down 2 cents to $ 1.04 per share. The forecast for the next year also dipped 10 cents to $ 1.70 in the same time period.
Here is a synopsis of why MINI and X 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;
Mobile Mini, Inc. ( MINI - Snapshot Report ) posted second quarter earnings of 13 cents per share on August 5, which missed analysts’ projections by 7%. Total revenues fell 19 % to $ 158.7 million. The Zacks Consensus Estimate for the full year fell once cent to 57 cents in the past 30 days as 1 out of the 6 covering analysts slashed expectations.
United States Steel Corporation (
- Analyst Report
reported second quarter earnings per share of 45 cents on July 27. This missed the analysts’ projections by 18 cents per share. The full year average forecast currently stands at 46 cents per share as compared to the projections 90 days backs for a profit of $ 1.87 per share. Estimate for next year slid 28 cents to $ 4.87 in 30 days.
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=5523
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% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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