For Immediate Release
Chicago, IL April 29, 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): Hanwha Solarone Co Ltd and StoneMor Partners L.P. (STON - Free Report) . Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Core-Mark Holding Company, Inc. (CORE - Free Report) and Lancaster Colony Corp. (LANC - Free Report) . To see the full Zacks #5 Rank List - Stocks to Sell Now visit: https://at.zacks.com/?id=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 HSOL and STON 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:
Hanwha Solarone Co Ltd announced fourth -quarter loss of 16 cents per share on March 17 that missed analysts expectations by 135%. The Zacks Consensus Estimate for the current year slipped 4 cents to $1.28 per share in the last 30 days as 2 out of the 13 covering analysts reduced estimates. Next years estimate dipped a penny to $1.30 per share in that time span.
StoneMor Partners L.P. (STON - Free Report) posted a fourth-quarter loss of 20 cents per share on March 29, which came in 8 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to a loss of $0.17 per share from $0.04 over the past month as 1 out of the 2 covering analysts slashed forecasts. For 2012, analysts expect a loss of $0.12 per share, compared to last months projection for a profit of $0.03 per share.
Here is a synopsis of why CORE and LANC 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;
Core-Mark Holding Company, Inc. (CORE - Free Report) fourth-quarter profit of 53 cents per share, posted on Mar 16, lagged analysts projections by 5%. For 2011, the Zacks Consensus Estimate moved down 44 cents to a profit of $2.45 per share in the last 60 days Estimate for next year slid 11 cents to a profit of $2.81 per share during a span of a month.
Lancaster Colony Corp. (LANC - Free Report) reported a third-quarter profit of 71 cents per share yesterday that fell 11% short of the Zacks Consensus Estimate. The net income fell 20% in 2011 as compared to last years results. The full-year average forecast is currently $3.70 per share, compared with last weeks projection of $3.72. During that time, 1 analyst out of 4 revised downward. Next years forecast dropped 2 cents to $3.97 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 https://at.zacks.com/?id=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 https://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 https://at.zacks.com/?id=5526
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at https://at.zacks.com/?id=5527
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
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.
Zacks Investment Research
800-767-3771 ext. 9339