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True Religion Apparel, Crucell N.V. (ADR), Liz Claiborne, Inc. and Quest Diagnostics Inc


Published on 2010-11-18 07:35:40 - Market Wire
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CHICAGO--([ BUSINESS WIRE ])--Zacks.com releases details on a group of stocks that are currently members of the exclusive Zacks #5 Rank List a" Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell): True Religion Apparel, Inc. (Nasdaq: [ TRLG ]) and Crucell N.V. (ADR) (NYSE:[ CRXL ]).Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Liz Claiborne, Inc. (NYSE: [ LIZ ])and Quest Diagnostics Inc. (NYSE: [ DGX ]).To see the full Zacks #5 Rank List - Stocks to Sell Now visit: [ http://at.zacks.com/?id=92 ]

"Earnings estimate revisions are the most powerful force impacting stock prices."

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 TRLG and CRXL 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:

True Religion Apparel, Inc. (Nasdaq: [ TRLG ])reported third quarter earnings of 48 cents per share on November 3, which came in 10 cents behind analysta™s expectations. The Zacks Consensus Estimate for the current year decreased 22 cents to $1.85 over the past month as all the 5 covering analysts cut back on projections. During that period next yeara™s forecast fell 31 cents to $2.10 per share.

Crucell N.V. (ADR) (NYSE:[ CRXL ])announced third - quarter loss per share of 43 cents on November 9, which fell short of the Zacks Consensus Estimate by 61%. The Zacks Consensus Estimate for 2010 slipped 32 cents to a loss of 47 cents per share in the last week, which reflected reductions by all the 4 covering analysts. Next yeara™s estimate fell 8 cents to 69 cents per share in the same period.

Here is a synopsis of why LIZ and DGX 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;

Liz Claiborne, Inc. (NYSE: [ LIZ ])On November 4Liz Claiborne, Inc.reported a loss of 24 cents per share, which lagged the Zacks Consensus Estimate by nearly 22%. The Zacks Consensus Estimate for the present year fell 20 cents to a loss of 66 cents per share in the past 30 days as 6 out of the 7 covering analysts reduced forecasts.

Quest Diagnostics Inc.a™s (NYSE: [ DGX ]) first-quarter earnings of 41 cents per share, reported on October 28, missed analystsa™ projections by nearly 13%. The Zacks Consensus Estimate for 2010 slid 12 cents to $1.90 per share in the last 30 days as all the 14 covering analysts revised downward. The average forecast for the following year declined 14 cents to $2.18 per share in that time span.

Truly taking advantage of the Zacks Rank requires the understanding of how it works. The free special report; aZacks Rank Guide: Harnessing the Power of Earnings Estimate Revisionsa 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 +27%. 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 (-0.9% versus +9%). 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.

Zacks aProfit from the Prosa e-mail newsletter offers continuous coverage of Zacks Rank Buy stocks and highlights those stocks poised to outperform the market. Subscribe to this free newsletter today by visiting [ http://at.zacks.com/?id=94 ]

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