Zacks Sell List Highlights: Safety Insurance Group, Endurance Specialty Holdings, China Shengda Packaging Group and MAKO Surgical PR Newswire CHICAGO, June 7, 2011 CHICAGO, June 7, 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): Safety Insurance Group, Inc. (Nasdaq: SAFT ) and Endurance Specialty Holdings Ltd. (NYSE: ENH ). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: China Shengda Packaging Group Inc. (Nasdaq: CPGI ) and MAKO Surgical Corp. (Nasdaq: MAKO ). To see the full Zacks #5 Rank List - Stocks to Sell Now visit : http://at.zacks.com/?id=92 (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO ) 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 SAFT and ENH 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: Safety Insurance Group, Inc. (Nasdaq: SAFT ) announced first -quarter loss of 23 cents per share on May 4 that missed analysts' expectations by 133%. This apart the earnings also missed the previous year's results by 69%. The Zacks Consensus Estimate for the current year slipped 35 cents to $3.02 per share in the last 60 days. Next year's estimate dipped a couple of cents to $3.29 per share in that time span. Endurance Specialty Holdings Ltd. (NYSE: ENH ) posted a first-quarter loss of $2.42 per share on May 2, which came in 18 cents wider than the average forecast. The diluted earnings per share fell 147% to a loss of $2.25 on March 2011 as compared to results of March 2010. The Zacks Consensus Estimate for the full year fell $1.17 per share to a profit of 49 cents per share over the past month reflecting cuts by all the 7 covering analysts. For 2012, analysts expect a profit of $5.00 per share, compared to projections of a profit of $5.03 per share in a span of 7 days. Here is a synopsis of why CPGI and MAKO 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; China Shengda Packaging Group Inc. 's (Nasdaq: CPGI ) first-quarter earnings of 9 cents per share, posted on May 13, lagged analysts' projections by nearly 36%. For 2011, the Zacks Consensus Estimate moved down 26 cents to a profit of 32 cents per share in the last 30 days as both the covering analysts cut back on forecasts. Estimate for next year slid 37 cents to a profit of 41 cents per share during the same time span. MAKO Surgical Corp. (Nasdaq: MAKO ) reported a first-quarter loss of 27 cents per share on May 3, that fell 12% short of the Zacks Consensus Estimate. The full-year average forecast is currently pegged at a loss of 83 cents per share, compared to projections of a loss of 81 cents per share made 30 days back. Next year's forecast dropped 1 cent to a loss of 33 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. 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 Len Zacks. 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Zacks Sell List Highlights: Safety Insurance Group, Endurance Specialty Holdings, China Shengda Packaging Group and MAKO Surgica
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