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For Immediate Release
Chicago, IL – November 17, 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): RadioShack Corporation ( RSH - Analyst Report ) and Human Genome Sciences ( ) . Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: International Speedway Corporation ( ISCA - Snapshot Report ) and Live Nation Entertainment, Inc. ( LYV - Snapshot Report ) .
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 RSH and HGSI 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:
RadioShack Corporation ( RSH - Analyst Report ) announced third-quarter profit of 15 cents per share on October 25 that missed analysts’ expectations by 58.33%. The Zacks Consensus Estimate for the current year slid to $1.26 per share from $1.59 per share in the last 30 days as next year’s estimate dipped 35 cents per share to $1.46 per share in that time span.
Human Genome Sciences ( ) posted a third-quarter profit of 45 cents per share on October 25, which came in 6 cents wider than the average forecast. The Zacks Consensus Estimate for the full year increased to a loss of $1.97 per share from $1.84 per share over the past month. For 2012, analysts expect a loss of $1.26 per share, compared to last month’s projection for a loss of 95 cents per share.
Here is a synopsis of why ISCA and LYV 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;
International Speedway Corporation ( ISCA - Snapshot Report ) third-quarter profit of 24 cents per share, posted on October 6, lagged analysts’ projections by 20%. Estimate for current year slid 8 cents per share to $1.59 per share over two months as next year’s estimate dipped 15 cents per share to $1.78 per share in that time span.
Live Nation Entertainment, Inc. ( LYV - Snapshot Report ) reported a third-quarter profit of 29 cents per share on November 3 that fell 12.12% short of the Zacks Consensus Estimate. The full-year average forecast is currently a loss of 12 cents per share, compared with last month’s projection of a loss of 3 cents per share. Next year’s forecast dropped to a profit of 4 cents per share from a profit of 29 cents per share in the last 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=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 +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.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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