Zacks Sell List Highlights: Guitar Center, Tele Norte, Trizetto and Nova Chemicals.

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): Guitar Center Inc. (Nasdaq:GTRC) and Tele Norte Leste (NYSE:TNE). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Trizetto Group Inc. (NASDAQ:TZIX) and Nova Chemicals Corp. (NYSE:NCX). To see the full Zacks #5 Rank List -- Stocks to Sell Now visit: http://at.zacks.com/?id=92.

Since inception in 1988, the S&P 500 has outperformed the Zacks #5 Rank List Co Stocks to Sell Now by 129.7% annually (11.9% vs. 5.2% respectively). 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 GTRC and TNE 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:

Guitar Center Inc. (NASDAQ:GTRC) has seen this year's earnings estimates drop 13 cents per share over the past two months. Next year's estimates have dropped 18 cents per share. The company said it expects third-quarter earnings to fall short of previous guidance due to softer-than-expected sales. Earnings are now expected to range between $10.6 million and $11.3 million, or 36 cents to 38 cents per share, on sales of $473 million.

Tele Norte Leste (NYSE:TNE) has experienced a drop in analyst estimates. Earnings estimates for this year stand at $1.23 per share, down 19 cents from 60 days ago. The telecommunications firm may decide soon to list shares under stricter corporate governance rules on Brazil's Novo Mercado.

Here is a synopsis of why TZIX and NCX 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:

Trizetto Group Inc. (NASDAQ:TZIX) has been the target of increasing bearishness by analysts. Over the past two months, full year estimates have declined over 50%. The new consensus estimate calls for 30 cents per share this year. TriZetto expects to post 2006 profit of 26 cents to 31 cents per share, down from its prior range of 55 cents to 60 cents per share.

Nova Chemicals Corp. (NYSE:NCX) has seen its earnings estimates drop for this year. The current 2006 consensus estimate of $2.64 per share is eight cents below the forecast of a month ago. Goldman Sachs cut its earnings estimates and added the company to its "Conviction Sell" list due to weak demand.

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." A $10,000 investment in the Zacks Rank list made in 1988 would now be worth $1.8 million -- equivalent to a 32.4% annualized return! 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 145.8% annually (+4.7% vs. +11.6%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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