Zacks Sell List Highlights: WestAmerica Bancorp, Cellcom Israel, Ruddick and Neogen - Press Releases
03 February 2012 - 7:30PM
Zacks
For Immediate Release
Chicago, IL – February 3, 2012 – 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): WestAmerica
Bancorp. ( WABC) and Cellcom Israel Ltd.
( CEL). Further, Zacks announced #4 Rankings (Sell) on two other
widely held stocks: Ruddick Corporation ( RDK) and
Neogen Corporation ( NEOG).
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 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 WABC and CEL 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:
WestAmerica Bancorp. ( WABC) announced
fourth-quarter profit of 77 cents per share on January 19 that
missed analysts’ expectations by 2.53%. The Zacks Consensus
Estimate for the current year slid to $3.07 per share from $3.21
per share in the last 60 days as next year’s estimate dipped 23
cents per share to $3.20 per share in that time span.
Cellcom Israel Ltd. ( CEL) posted a
third-quarter profit of 54 cents per share on November 15, which
came in 18 cents wider than the average forecast. The Zacks
Consensus Estimate for the full year fell to $2.58 per share from
$2.77 per share over the past month. For 2012, analysts expect a
profit of $2.48 per share, compared to last month’s projection for
a profit of $2.91 per share.
Here is a synopsis of why RDK and NEOG 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;
Ruddick Corporation ( RDK) first-quarter profit of
50 cents per share, posted on February 2, lagged analysts’
projections by 23.08%. Estimate for current year slid 1 cent per
share to $2.42 per share over a month as next year’s estimate
dipped 2 cents per share to $2.78 per share in that time span.
Neogen Corporation ( NEOG) reported a
second-quarter profit of 22 cents per share on December 22 that
fell 18.52% short of the Zacks Consensus Estimate. The full-year
average forecast is currently 95 cents per share, compared with
last two month’s projection of $1.08 per share. Next year’s
forecast dropped to $1.10 per share from $1.27 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
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."
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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CELLCOM ISRAEL (CEL): Free Stock Analysis Report
NEOGEN CORP (NEOG): Free Stock Analysis Report
RUDDICK CORP (RDK): Free Stock Analysis Report
WESTAMER BANCP (WABC): Free Stock Analysis Report
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