Zacks Sell List Highlights: Allegheny Technologies, Robbins & Myers, Gerdau
and Harry Winston Diamond
CHICAGO, Jan. 25, 2013
CHICAGO, Jan. 25, 2013 /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): Allegheny Technologies Incorporated (NYSE:ATI) and Robbins &
Myers, Inc. (NYSE:RBN). Further, Zacks announced #4 Rankings (Sell) on two
other widely held stocks: Gerdau SA (NYSE:GGB) and Harry Winston Diamond
To see the full Zacks #5 Rank List - Stocks to Sell Now visit:
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 ATI and RBN 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:
Allegheny Technologies Incorporated (NYSE:ATI) announced first-quarter profit
of 39 cents per share on December 06 which came behind the Zacks Consensus
Estimate by 30 cents. The diluted earnings per share also fell by 4.88% on a
year-over-year basis. The Zacks Consensus Estimate for the current year
slipped 46 cents per share to $2.64 in the last 60 days. Next year's estimate
also dipped 24 cents per share to $3.47 per share in that time span.
Robbins & Myers, Inc.(NYSE:RBN) posted a first -quarter profit of 81 cents per
share on January 04, which came in 7 cents wider than the average forecast.
The Zacks Consensus Estimate for 2012 fell to a profit of $3.83 per share from
$3.84 over the past month with 1 out of 8 covering analysts slashed forecasts.
Next year's forecasts slipped 16 cents to $3.77 per share in the same time
Here is a synopsis of why GGB and HWD 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;
(NYSE:GGB) third -quarter profit of 11 cents per share, posted on November 8,
and lagged analysts' projections by nearly 21.43%. For 2012, the Zacks
Consensus Estimate moved down 4 cents in the last 60 days as none out of the 4
covering analysts cut back on forecasts. The forecast for next year slid 2
cents to 58 cents per share in the same time span.
Harry Winston Diamond Corporation (NYSE:HWD) reported a third-quarter profit
of 4 cents per share on December 06, that fell 71.43% short of the Zacks
Consensus Estimate. The full-year average forecast is currently pegged at 44
cents per share, compared with the last 30 days projection of 49 cents. Next
year's forecast dropped 10 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
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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