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2/3/2012 1:30:01 PM
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 ).
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.
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;
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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