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3/30/2012 1:19:03 PM
For Immediate Release
Chicago, IL - March 30, 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): California Water Service Group ( CWT ) and UniSource Energy Corp. ( UNS ). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Quad/Graphics, Inc. ( QUAD ) and General Cable Corporation ( BGC ).
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.
California Water Service Group ( CWT ) announced fourth-quarter profit of 4 cents per share on February 29 that missed analysts' expectations by 77.78%. The Zacks Consensus Estimate for the current year slid to $1.06 per share from $1.12 per share in the last 30 days as next year's estimate dipped 4 cents per share to $1.13 per share in that time span.
UniSource Energy Corp. ( UNS ) posted a fourth-quarter profit of 22 cents per share on February 27, which came in 4 cents wider than the average forecast. The Zacks Consensus Estimate for the full year fell to $2.25 per share from $2.48 per share over the past two months. For 2013, analysts expect a profit of $2.80 per share, compared to last two month's projection for a profit of $2.90 per share.
Here is a synopsis of why QUAD and BGC 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;
General Cable Corporation ( BGC ) reported a fourth-quarter profit of 30 cents per share on February 8 that fell 18.92% short of the Zacks Consensus Estimate. The full-year average forecast is currently $2.57 per share, compared with last month's projection of $2.64 per share. Next year's forecast dropped to $3.51 per share from $3.44 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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GENL CABLE CORP ( BGC ): Free Stock Analysis Report
CALIF WATER SVC ( CWT ): Free Stock Analysis Report
QUAD GRAPHICS ( QUAD ): Free Stock Analysis Report
UNISOURCE ENRGY ( UNS ): Free Stock Analysis Report
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Zacks Investment Research