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SMALL BUSINESS
Zacks Sell List Highlights: BancorpSouth, Inc., Aetna Inc., GlaxoSmithKline plc and Airgas, Inc.
Business Wire
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):
BancorpSouth,
Inc. (NYSE:
BXS)
and
Aetna Inc. (NYSE:
AET).
Further, Zacks announced #4 Rankings (Sell) on two other widely held
stocks:
GlaxoSmithKline plc (NYSE:
GSK)
and
Airgas, Inc. (NYSE:
ARG).
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 BXS and AET 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:
BancorpSouth, Inc.’s (NYSE:
BXS)
fourth-quarter earnings of 23 cents per share, reported on Jan 21, came
in 17% short of the Zacks Consensus Estimate. The full-year average
forecast is pegged at a profit of $1.19 per share, down from $1.28 over
the past month, reflecting cuts by 8 out of 11 analysts. Next year’s
estimate dipped 7 cents to a profit of $1.45 per share during that time.
Aetna Inc. (NYSE:
AET)
saw a 58% year-over-year decline in fourth-quarter profit due to rising
costs. Earlier this month, Aetna posted quarterly earnings of 40 cents
per share, which missed analysts’ expectations by 2 cents. The Zacks
Consensus Estimate for the current year dropped 22 cents to $2.64 per
share over the past week as 3 out of 7 analysts lowered estimates.
Here is a synopsis of why GSK and ARG 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;
GlaxoSmithKline plc (NYSE:
GSK)
posted a fourth-quarter profit of 93 cents per share on Feb 4, which
came in 3 cents behind analysts’ expectations. The Zacks Consensus
Estimate for the full year is pegged at a profit of $3.84 per share,
which fell by a penny in the last 7 days and 6 cents over the past
month. Analysts expect the company to earn $3.90 per share for the
following year, down 6 cents in the last week.
Airgas, Inc. (NYSE:
ARG)
announced third-quarter earnings per share of 65 cents on Jan 28, which
missed analysts’ projections by nearly 6%. The company saw a 14%
year-over-year drop in quarterly profit. For the full year, the Zacks
Consensus Estimate decreased 9 cents to a profit of $2.68 per share in
the last 30 days as all the 10 covering analysts cut back on projections.
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 +27%.
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 (-0.9% versus +9%). 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
About Zacks
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
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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.
Copyright Business Wire 2010
2010-02-09 17:00:00
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