CHICAGO, July 29, 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): Park
Electrochemical Corp. (NYSE: PKE) and Shanda
Interactive Entertainment Ltd ADR (Nasdaq: SNDA). Further,
Zacks announced #4 Rankings (Sell) on two other widely held stocks:
Air Methods Corporation (Nasdaq: AIRM) and Abaxis,
Inc. (Nasdaq: ABAX).
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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 PRGS and PKE 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:
Park Electrochemical Corp. (NYSE: PKE) announced
fourth-quarter profit of 35 cents per
share on May 2 that missed analysts'
expectations by 14.63%. The Zacks Consensus Estimate for the
current year slipped to $1.59 per
share from $1.80 per share in the
last 60 days as next year's estimate dipped 12 cents per share to $1.83 per share in that time span.
Shanda Interactive Entertainment Ltd ADR (Nasdaq: SNDA)
posted a first-quarter profit of 22
cents per share on June 1,
which came in 5 cents wider than the
average forecast. The Zacks Consensus Estimate for the full year
fell to $1.36 per share from
$1.55 per share over the past two
months. For 2012, analysts expect a profit of $1.90 per share, compared to last two month's
projection for a profit of $1.97 per
share.
Here is a synopsis of why AIRM and ABAX 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;
Air Methods Corporation (Nasdaq: AIRM) first-quarter
profit of 47 cents per share, posted
on May 5, lagged analysts'
projections by 4.08%. Estimate for current year slid 30 cent per share to $3.63 per share over the past month as next
year's estimate dipped 1 cents per
share to $4.51 per share in that time
span.
Abaxis, Inc. (Nasdaq: ABAX) reported a first-quarter
profit of 15 cents per share on
July 28 that fell 6.25% short of the
Zacks Consensus Estimate. The full-year average forecast is
currently 72 cents per share,
compared with last month's projection of 73
cents per share. Next year's forecast dropped to
96 cents per share from 98 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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