Zacks Sell List Highlights: Centex, SigmaTel, Nabi Biopharmaceuticals and Sirf Tech Holdings.CHICAGO -- 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): Centex Corporation (NYSE NYSE See: New York Stock Exchange :CTX CTX Context (Management; Tandem) CTX Centex Corporation (stock symbol) CTX Centrex CTX Cyclophosphamide CTX Corporate Trade Exchange CTX Cytoxan CTX Cholera Toxin CTX Clinical Trial Exemption ) and SigmaTel, Inc. (Nasdaq:SGTL SGTL Silicon Graphics Teaching Laboratory ). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Nabi Biopharmaceuticals (Nasdaq:NABI) and Sirf Tech Holdings (Nasdaq:SIRF). To see the full Zacks #5 Rank List - Stocks to Sell Now visit: http://at.zacks.com/?id=92 E[acute accent acute accent n. A mark (´) indicating: a. that a vowel is close or tense, as é in French été. b. that a vowel or syllable has a high or rising pitch, as in Chinese or Ancient Greek. c. ]Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List -- Stocks to Sell Now by 129.7% annually (11.9% vs. 5.2% respectively). While the rest of Wall Street continued to tout Tout To promote a security in order to attract buyers. tout To foster interest in a particular company or security. For example, a broker might tout a security to a client in the hope that the client will purchase the security. stocks during the market declines of the last few years, Zacks told investors which stocks to sell or avoid. E[acute accent]Here is a synopsis of why CTX and SGTL 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 Zacks ranked stocks: E[acute accent]Centex Corporation (NYSE:CTX) reported disappointing results last week. The company said it earned $2.92 per share during its fiscal fourth-quarter, 18 cents below expectations. Looking forward, the company anticipates earning between $8.50 and $10.00 per share in fiscal 2007. Following the release of the new guidance, three of the five covering analysts cut their forecasts. The new fiscal 2007 consensus estimate, which calls for profits of $9.14 per share, $1.52 below the forecast of a week ago. E[acute accent]SigmaTel, Inc. (Nasdaq:SGTL) topped first-quarter expectations, but analysts significantly cut their forecasts for the remainder of the year. SGTL said losses totaled 67 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. in the first quarter, two cents narrower than the consensus estimate. Looking forward, the company expects GAAP GAAP See: Generally Accepted Accounting Principles GAAP See generally accepted accounting principles (GAAP). losses to range between 59 cents and 66 cents per share. Analysts had been cutting their full-year forecasts prior to last week's report and lowered them even more after the report. The new consensus estimate for a full year loss of $1.42 per share is $1.66 below the consensus estimate of two months ago. E[acute accent]Here is a synopsis of why NABI and SIRF 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: E[acute accent]Nabi Biopharmaceuticals (Nasdaq:NABI) missed earnings expectations for the third-time in four quarters. Last week, the company said that it generated a first-quarter loss of 30 cents per share, 14 cents wider than the consensus estimate. Following the report, two of the four covering analysts cut their projections for full year results. The new consensus estimate, which calls for a loss of 68 cents per share, is 19 cents below the forecast of a week ago. E[acute accent]Sirf Tech Holdings (Nasdaq:SIRF) topped expectations last week, but that didn't stop analysts from slashing slash·ing adj. 1. Bitingly critical or satiric: slashing wit. 2. Dashing; pelting: a slashing hailstorm. 3. estimates. SGTL generated first-quarter profits of 17 cents per share, two cents above expectations. Following the release of the report, four of the five covering analysts cut their full-year outlook. The new consensus estimate, which calls for profits of 38 cents per share, is 45 cents below the forecast of a month ago. E[acute accent]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 E[acute accent]About the Zacks Rank E[acute accent]For over 17 years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time 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 +33%. 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 underperformed the S&P 500 by 129.7% annually (+5.2% vs. +11.9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively. E[acute accent]Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks #1 Rank stocks and highlights those stocks poised to outperform Outperform An analyst recommendation meaning a stock is expected to do slightly better than the market return. Notes: Exact definitions vary by brokerage, but in general this rating is better than neutral and worse than buy or strong buy. the market. Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; this free newsletter today by visiting http://at.zacks.com/?id=94 E[acute accent]The Zacks Rank, and all of its recommendations, is created by Zacks & Co., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). . Zacks.com displays the Zacks Rank with permission from Zacks & Co. on its web site for individual investors. E[acute accent]About Zacks E[acute accent]Zacks.com is a property of Zacks Investment Research Zacks Investment Research A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms. , Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=95 E[acute accent]Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. E[acute accent](a) The S&P 500 Index ("S&P 500") is a well-known, unmanaged index of the prices of 500 large-company common stocks selected by Standard & Poor's. The S&P 500 includes the reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. of all dividends, no transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , and represents the gross returns before management fees. E[acute accent]Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual to buy or sell any security. |
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