Zacks Sell List Highlights: WMS Industries, Cablevision Systems, Coach and
McCormick & Co.
CHICAGO, March 26, 2013
CHICAGO, March 26, 2013 /PRNewswire/ -- Zacks.com releases details on a group
of stocks that are currently members of the exclusive Zacks Rank #5 List –
Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5
(Strong Sell): WMS Industries Inc. (NYSE:WMS) and Cablevision Systems
Corporation (NYSE:CVC). Further, Zacks announced #4 Rankings (Sell) on two
other widely held stocks: Coach, Inc. (NYSE:COH) and McCormick & Company,
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 Rank #5 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 WMS and CVC 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
WMS Industries Inc. (NYSE:WMS) announced second-quarter profit of 15 cents per
share on February 06 which came behind the Zacks Consensus Estimate by 1 cent.
The diluted earnings per share also fell by 44.44% on a year-over-year basis.
The Zacks Consensus Estimate for the current year slipped 3 cents per share to
94 cents in the last 30 days. Next year's estimate also dipped 1 cent per
share to $1.15 per share in that time span.
Cablevision Systems Corporation (NYSE:CVC) posted a fourth -quarter loss of 30
cents per share on March 05, which came in 40 cents wider than the average
forecast. The Zacks Consensus Estimate for 2013 fell to a profit of 39 cents
per share from 71 cents over the past month with 6 out of 8 covering analysts
slashed forecasts. Next year's forecasts slipped 23 cents to 67 cents per
share in the same time span.
Here is a synopsis of why COH and MKC 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;
Coach, Inc. (NYSE:COH) second-quarter profit of $1.23 per share, posted on
January 23, and lagged analysts' projections by nearly 4.7%. For 2013, the
Zacks Consensus Estimate moved down 5 cents to $3.72 in the last 30 days as 2
out of the 20 covering analysts cut back on forecasts. The forecast for next
year slid 9 cents to $4.14 per share in the same time span.
McCormick & Company, Incorporated (NYSE:MKC) reported a fourth-quarter profit
of $1.11 per share on February 4, that fell 3.5% short of the Zacks Consensus
Estimate. The full-year average forecast is currently pegged at $3.21 per
share, compared with the last 60 days projection of $3.35 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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