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Zacks Sell List Highlights: Foster Wheeler AG, ITT, Spectrum Brands Holdings and Haemonetics

FWLT ITT SPB HAE

 ZacksTrade Now

For Immediate Release

Chicago, IL – December 9, 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): Foster Wheeler AG ( (FWLT - Analyst Report) and ITT Corporation ( (ITT - Analyst Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Spectrum Brands Holdings, Inc. ( (SPB - Snapshot Report) and Haemonetics Corporation ( (HAE - Analyst 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 FWLT and ITT 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:

Foster Wheeler AG ( (FWLT - Analyst Report) announced third-quarter profit of 33 cents per share on November 2 that missed analysts’ expectations by 25%. The Zacks Consensus Estimate for the current year slid to $1.48 per share from $1.67 per share in the last 60 days as next year’s estimate dipped 31 cents per share to $1.92 per share in that time span.

ITT Corporation ( (ITT - Analyst Report) posted a third-quarter profit of $2.34 per share on October 28, which came in 2 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $1.51 per share from $9.49 per share over the past month. For 2012, analysts expect a profit of $1.69 per share, compared to last month’s projection for a profit of $8.53 per share.  

Here is a synopsis of why SPB and HAE 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;
 

Spectrum Brands Holdings, Inc. ( (SPB - Snapshot Report) fourth-quarter profit of 47 cents per share, posted on November 16, lagged analysts’ projections by 20.34%. Estimate for current year slid 38 cents per share to $2.46 per share over a month as next year’s estimate dipped 6 cents per share to $2.88 per share in that time span.

Haemonetics Corporation  ( (HAE - Analyst Report) reported a second-quarter profit of 72 cents per share on October 31 that fell 6.49% short of the Zacks Consensus Estimate. The full-year average forecast is currently $3.06 per share, compared with last month’s projection of $3.09 per share. Next year’s forecast dropped to $3.58 per share from $3.66 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.

Zacks “Profit from the Pros” e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=94

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Disclaimer:  Past performance does not guarantee future results.  Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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