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Zacks Sell List Highlights: J.C. Penney, Spirit AeroSystems Holdings, The New York Times and Jazz Pharmaceuticals

JCP SPR NYT JAZZ

 ZacksTrade Now

For Immediate Release

 

Chicago, IL – November 23, 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): J.C. Penney Company, Inc. (JCP - Analyst Report) and Spirit AeroSystems Holdings, Inc. (SPR - Snapshot Report). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: The New York Times Company (NYT - Analyst Report) and Jazz Pharmaceuticals plc (JAZZ - 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 JCP and SPR 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:

 

J.C. Penney Company, Inc. (JCP - Analyst Report) announced third -quarter loss of 93 cents per share on November 12 which came behind the Zacks Consensus Estimate by 85 cents. The diluted earnings per share also fell by 1062.50% on a year-over-year basis. The Zacks Consensus Estimate for the current year slipped $1.40 per share to a loss of 97 cents in the last 30 days. Next year’s estimate also dipped $1.0 per share to 65 cents per share in that time span.

 

Spirit AeroSystems Holdings, Inc. (SPR - Snapshot Report) posted a third -quarter loss of $1.51 per share on November 08, which came in 84 cents wider than the average forecast. The Zacks Consensus Estimate for 2012 fell to a profit of 22 cents per share from $1.89 over the past month with 12 out of 13 covering analysts slashed forecasts. Next year’s forecasts slipped 50 cents to $2.11 per share in the same time span.

 

Here is a synopsis of why NYT and JAZZ 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 New York Times Company (NYT - Analyst Report) third -quarter loss of 1 cent per share, posted on October 25, lagged analysts projections by nearly 112.50%. For 2012, the Zacks Consensus Estimate moved down 12 cent in the last 30 days as 2 out of the 4 covering analysts cut back on forecasts. The forecast for next year slid 12 cents to 54 cents per share in the same time span.

Jazz Pharmaceuticals plc (JAZZ - Analyst Report) reported a third-quarter profit of $1.19 per share on November 8, that fell 0.83% short of the Zacks Consensus Estimate. The full-year average forecast is currently pegged at $4.38 per share, compared with the last 30 days projection of $4.45. Next year’s forecast dropped 21 cents 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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