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For Immediate Release
Chicago, IL – November 23, 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): Sirona Dental Systems, Inc. ( (SIRO - Snapshot Report) and Alcoa Inc. ( (AA - Analyst Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: K12 Inc. ( (LRN - Snapshot Report) and Monro Muffler Brake, Inc. ( (MNRO - 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 SIRO and AA 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:
Sirona Dental Systems, Inc. ( (SIRO - Snapshot Report) announced fourth-quarter profit of 56 cents per share on November 18 that missed analysts’ expectations by 9.68%. The Zacks Consensus Estimate for the current year slid to $3.19 per share from $3.33 per share in the last 30 days as next year’s estimate dipped 5 cents per share to $3.53 per share in that time span.
Alcoa Inc. ( (AA - Analyst Report) posted a third-quarter profit of 14 cents per share on October 12, which came in 8 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to 86 cents per share from 88 cents per share over the past month. For 2012, analysts expect a profit of $1 per share, compared to last month’s projection for a profit of $1.03 per share.
Here is a synopsis of why LRN and MNRO 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;
K12 Inc. ( (LRN - Snapshot Report) first-quarter profit of 18 cents per share, posted on November 15, lagged analysts’ projections by 28%. Estimate for current year slid 15 cents per share to 72 cents per share over a month as next year’s estimate dipped 7 cents per share to $1.14 per share in that time span.
Monro Muffler Brake, Inc. ( (MNRO - Snapshot Report) reported a second-quarter profit of 47 cents per share on October 20 that fell 2.08% short of the Zacks Consensus Estimate. The full-year average forecast is currently $1.71 per share, compared with last two month’s projection of $1.75 per share. Next year’s forecast dropped to $1.99 per share from $2.04 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 +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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