Zacks Sell List Highlights: Ecopetrol, DSW, Oxford Industries and ArthroCare
CHICAGO, April 12, 2013
CHICAGO, April 12, 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): Ecopetrol S.A. (NYSE:EC) and DSW Inc. (NYSE:DSW). Further,
Zacks announced #4 Rankings (Sell) on two other widely held stocks: Oxford
Industries, Inc. (NYSE:OXM) and ArthroCare Corporation (NASDAQ:ARTC).
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 EC and DSW 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
Ecopetrol S.A. (NYSE:EC) announced fourth-quarter profit of $1.01 per share on
February 18, which came behind the Zacks Consensus Estimate by 26 cents. The
diluted earnings per share also fell by 15.8% on a year-over-year basis. The
Zacks Consensus Estimate for the current year slipped 17 cents per share to
$4.60 in the last 30 days. Next year's estimate also dipped 36 cents per share
to $4.72 per share in that time span.
DSW Inc. (NYSE:DSW) posted a fourth -quarter profit of 69 cents per share on
March 19, which came in 3 cents wider than the average forecast. The Zacks
Consensus Estimate for 2013 fell to a profit of $3.52 per share from $3.87
over the past month with 5 out of 5 covering analysts slashed forecasts. Next
year's forecasts slipped 34 cents to $4.06 per share in the same time span.
Here is a synopsis of why OXM and ARTC 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
Oxford Industries, Inc. (NYSE:OXM) fourth-quarter profit of 65 cents per
share, posted on April 2, and lagged analysts' projections by nearly 5.8%. For
2013, the Zacks Consensus Estimate moved down 25 cents to $3.08 in the last 30
days as 2 out of the 2 covering analysts cut back on forecasts. The forecast
for next year slid 23 cents to $3.58 per share in the same time span.
ArthroCare Corporation (NASDAQ:ARTC) reported a fourth-quarter profit of 30
cents per share on February 14, that fell nearly 16.7% short of the Zacks
Consensus Estimate. The full-year average forecast is currently pegged at
$1.45 per share, compared with the last 60 days projection of $1.46. Next
year's forecast dropped 1 cent 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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