CHICAGO, Aug. 19, 2011 /PRNewswire/ -- 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): P.F. Chang's China Bistro (Nasdaq: PFCB) and
Wal-mart de Mexico S A B de CV (OTC: WMMVY). Further, Zacks
announced #4 Rankings (Sell) on two other widely held stocks:
Inter Parfums, Inc. (Nasdaq: IPAR) and Fortune Brands,
Inc. (NYSE: FO).
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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 PFCB and WMMVY 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:
P.F. Chang's China Bistro
(Nasdaq: PFCB) announced second-quarter profit of 40 cents per share on July
27 that missed analysts' expectations by 27.27%. The Zacks
Consensus Estimate for the current year slipped to $1.63 per share from $2.09 per share in the last 30 days as next
year's estimate dipped 60 cents per
share to $1.81 per share in that time
span.
Wal-mart de Mexico S A B de CV (OTC: WMMVY) posted a
second-quarter profit of 22 cents per
share on July 19, which came in
1 cent wider than the average
forecast. The Zacks Consensus Estimate for the full year fell to
$1.06 per share from $1.07 per share over the past month. For 2012,
analysts expect a profit of $1.26 per
share, compared to last month's projection for a profit of
$1.29 per share.
Here is a synopsis of why IPAR and FO 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;
Inter Parfums, Inc. (Nasdaq: IPAR) second-quarter profit
of 16 cents per share, posted on
August 9, lagged analysts'
projections by 30.43%. Estimate for current year slid 3 cents per share to $1.06 per share over a month as next year's
estimate dipped 2 cents per share to
$1.25 per share in that time
span.
Fortune Brands, Inc. (NYSE: FO) reported a second-quarter
profit of 93 cents per share on
August 4 that fell 4.12% short of the
Zacks Consensus Estimate. The full-year average forecast is
currently $3 per share, compared with
last month's projection of $3.25 per
share. Next year's forecast dropped to $3.49 per share from $3.79 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
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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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