Zacks Sell List Highlights Blue Coat Systems, Outback Steakhouse, Cleveland-Cliffs and P.F. Chang's.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): Blue Coat Systems, Inc. (Nasdaq:BCSI BCSI Building Scalable Cisco Internetworks ) and Outback Steakhouse Outback Steakhouse is a casual dining American restaurant chain based in Tampa, Florida with over 900 locations in 23 countries throughout North and South America, Europe, Asia, and Australia. , Inc. (NYSE NYSE See: New York Stock Exchange :OSI (1) (Open System Interconnection) An ISO standard for worldwide communications that defines a framework for implementing protocols in seven layers. Control is passed from one layer to the next, starting at the application layer in one station, proceeding to the ). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Cleveland-Cliffs, Inc. (NYSE:CLF CLF The ISO 4217 currency code for Chile Unidades de Fomento. ) and P.F. Chang's China Bistro, Inc. (Nasdaq:PFCB). 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 155.5% annually (11.8% vs. 4.6% 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. Here is a synopsis of why BCSI and OSI 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: Blue Coat Systems, Inc. (Nasdaq:BCSI) topped expectations last week, but issued disappointing guidance. The company generated non-GAAP profits of 21 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 its fiscal third-quarter, four cents above projections. BSCI's guidance for the fiscal fourth-quarter called for profits of 5 -11 cents per share, versus the previous consensus estimate of 26 cents per share. Following the release of the guidance, eight of the 10 covering analysts cut their forecasts for full year earnings. The new consensus estimate calls for fiscal 2006 profits of 92 cents, 16 cents below the forecast of a week ago. Outback Steakhouse, Inc. (NYSE:OSI) has missed earnings expectations four times during the past five quarters. Last week, the company said profits totaled 46 cents in the fourth quarter, ten cents Ten Cents has several meanings:
adj. 1. Bitingly critical or satiric: slashing wit. 2. Dashing; pelting: a slashing hailstorm. 3. their projections for 2006. The new consensus estimate of $1.89 per share is 65 cents, or 26%, below the forecast of just a week ago. Here is a synopsis of why CLF and PFCB 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: Cleveland-Cliffs, Inc. (NYSE:CLF) has missed earnings expectations three times during the past five quarters. The company's fourth-quarter profits, which were released last week, totaled $2.41 per share; analysts had projected $2.75 per share. Following the earnings report, the sole analyst covering CLF revised his forecast for 2006. The new consensus estimate calls for profits of $10.44 per share versus the previous forecast for profits of $11.59 per share. P.F. Chang's China Bistro, Inc. (Nasdaq:PFCB) topped fourth-quarter expectations after missing third-quarter estimates. The company earned 34 cents per share in the fourth quarter. Looking forward towards 2006, PFCB anticipates that equity-based compensation will result in earnings falling to $1.39 per share from $1.40 per share in 2005. All three covering analysts revised their forecasts in response, causing the consensus estimate for full year 2006 earnings to fall to $1.37 per share from the previous estimate of $1.66 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 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 155.5% annually (+4.6% vs. +11.8%). Thus, the Zacks Rank system allows investors to truly manage portfolio trading effectively. Zacks "Profit from the Pros" e-mail newsletter offers continuous coverage of Zacks #1 Rank stocks and highlights those stocks poised to outperform 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 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. About Zacks 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 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these experts' insights for more profitable investing. Register for a free subscription to the Profit From the Pros newsletter at http://at.zacks.com/?id=95 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. (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. 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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