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Zacks Sell List Highlights: Fresh Del Monte Produce, Vail Resorts, International Game Technology and Dresser-Rand Group

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For Immediate Release

Chicago, IL –November 16, 2010 – 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): Fresh Del Monte Produce Inc. and Vail Resorts, Inc. (MTN - Free Report) . Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: International Game Technology (IGT - Free Report) and Dresser-Rand Group Inc. . To see the full Zacks #5 Rank List - Stocks to Sell Now visit: 5522

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 FDP and MTN 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:

Fresh Del Monte Produce Inc. third quarter earnings of 22 cents per share, reported on November 2, missed the average forecast by 21%. The Zacks Consensus Estimate for 2010 is pegged at $1.77 per share which decreased 20 cents over the past month. The following year’s estimate dropped 29 cents to $2.29 in that time period.

Vail Resorts, Inc. (MTN - Free Report) posted a second – quarter loss of $1.16 per share on September 23, which came in 8 cents wider than the average forecast. The Zacks Consensus for the full year fell to a profit of $1.02 per share from $1.07 over the past months as 1 out of the 7 covering analysts slashed forecasts. For 2012, analysts expect a profit of $1.36 per share which would be 9 cents less than the forecasts in the same time span.

Here is a synopsis of why IGT and DRC 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 Game Technology (IGT - Free Report) reported a fourth quarter profit of 18 cents per share on November 9, that fell 5% short of the Zacks Consensus Estimate. The full year average forecast is currently 86 cents per share, compared with last week’s projection of fro a profit of 95 cents. During that time 18 analysts out of 21 revised downward. Next year’s forecast dropped 15 cents to $1.06 per share in the same time period.

Dresser-Rand Group Inc. announced its third – quarter earnings of 46 cents per share on October 29, which missed the Zacks Consensus Estimate by a penny. Revenues dipped $133 million to $483.1 million in the present quarter. The Zacks Consensus Estimate for the present year fell 9 cents to $1.90 per share in the past 30 days as 8 out of the 12 covering analysts reduced forecasts. Next year’s forecast dropped 31 cents to $2.31 in that time 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 5523

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% versus +10%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

Visit /performance for information about the performance numbers displayed in this press release.

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Contact: Michael Vodicka
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