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Zacks Sell List Highlights: Park Electrochemical, Neogen, The Fresh Market and WD-40 Company

PKE NEOG TFM WDFC

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For Immediate Release

Chicago, IL – January 12, 2012 – 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): Park Electrochemical Corp. ( (PKE - Snapshot Report) and Neogen Corporation ( (NEOG - Snapshot Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: The Fresh Market Inc ( (TFM - Snapshot Report) and WD-40 Company ( (WDFC - 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 PKE and NEOG 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:

Park Electrochemical Corp. ( (PKE - Snapshot Report) announced third-quarter profit of 26 cents per share on December 21 that missed analysts’ expectations by 18.75%. The Zacks Consensus Estimate for the current year slid to $1.24 per share from $1.38 per share in the last 30 days as next year’s estimate dipped 14 cents per share to $1.61 per share in that time span.

Neogen Corporation ( (NEOG - Snapshot Report) posted a second-quarter profit of 22 cents per share on December 22, which came in 5 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to 95 cents per share from $1.08 per share over the past month. For 2013, analysts expect a profit of $1.10 per share, compared to last month’s projection for a profit of $1.27 per share.  

Here is a synopsis of why TFM and WDFC 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;
 

The Fresh Market Inc ( (TFM - Snapshot Report) third-quarter profit of 19 cents per share, posted on November 30, lagged analysts’ projections by 5%. Estimate for current year slid 4 cents per share to $1.06 per share over two months as next year’s estimate dipped 4 cents per share to $1.32 per share in that time span.

WD-40 Company ( (WDFC - Snapshot Report) reported a first-quarter profit of 42 cents per share on January 9 that fell 22.22% short of the Zacks Consensus Estimate. The full-year average forecast is currently $2.33 per share, compared with last month’s projection of $2.35 per share. Next year’s forecast dropped to $2.55 per share from $2.56 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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