Zacks Sell List Highlights: Progressive Gaming International, WCI Communities, Pier 1 Imports and Nuance Communications.

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): Progressive Gaming International Corporation (Nasdaq:PGIC) and WCI Communities, Inc. (NYSE:WCI). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Pier 1 Imports, Inc. (NYSE:PIR) and Nuance Communications, Inc. (Nasdaq:NUAN). 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 -- 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 PGIC and WCI 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:

Progressive Gaming International Corporation (Nasdaq:PGIC) missed earnings expectations last week and one analyst slashed his forecasts for the remainder of the year. PGIC generated a first-quarter loss of 26 cents. Revenues were $3 million below the company's internal projections because of the timing of regulatory approvals of new products. Following the release of the results, one of three covering analysts cut his forecast for the remainder of the year. The revision caused the full-year consensus estimate to drop by 17 cents to a profit of four cents per share.

WCI Communities, Inc. (NYSE:WCI) recently said that it is continuing to experience a drop in order activity, in part due to "significantly lower traffic" at many of its Florida communities. As a result, WCI warned that second-quarter earnings could come in below its previous guidance for profits of 75 to 85 cents per share. Five of the seven covering analysts have lowered their forecasts in response, causing the consensus estimate for full-year earnings to drop 62 cents to $3.88 per share.

Here is a synopsis of why PIR and NUAN 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:

Pier 1 Imports, Inc. (NYSE:PIR) recently reported a fiscal first-quarter loss of 26 cents per share. The loss was a penny wider than expectations. 12 of the 17 covering analysts revised their fiscal 2007 forecasts as a result. The new consensus estimate calls for a full-year loss of 40 cents per share; two months ago, analysts had projected a profit of one cent per.

Profit forecasts on Nuance Communications, Inc. (Nasdaq:NUAN) have dropped materially. Over the past two months, the consensus estimate for fiscal 2006 profits has been cut in half, from 33 cents to per share to eight cents per share.

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 $1.82 million - equivalent to a 33% 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 129.7% annually (+5.2% vs. +11.9%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively.

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