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Chiquita Brands, Lumber Liquidators Holdings, National Presto Industries and Albany HSN


Published on 2010-12-10 01:00:36 - 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): Chiquita Brands International, Inc. (NYSE: [ CQB ]) and Lumber Liquidators Holdings, Inc. (NYSE: [ LL ]). Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: National Presto Industries Inc. (NYSE: [ NPK ]) and Albany HSN, Inc. (Nasdaq: [ HSNI ]). 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 CQB and LL 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:

Chiquita Brands International, Inc. (NYSE: [ CQB ]) announced third -quarter loss of 14 cents per share on November 2 that lagged analystsa™ expectations by nearly 139%. Moreover the company saw a 32% drop on a year-over-year basis. For 2010, the Zacks Consensus Estimate stands at a profit of $1.14 per share that dropped 67 cents over the past 60 days as the covering analysts slashed projections. Next yeara™s estimate moved down 10 cents to $1.65 per share in a span of 30 days.

Lumber Liquidators Holdings, Inc.a™s (NYSE: [ LL ]) third-quarter earnings of 15 cents per share, reported on November 9, missed analystsa™ projections by 53%. The Zacks Consensus Estimate for the full year slipped by a penny to 97 cents per share in the last 30 days as the covering analysts cut forecasts. The following yeara™s estimate fell 13 cents to $1.29 in the last couple of months.

Here is a synopsis of why NPK and HSNI 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;

National Presto Industries Inc. (NYSE: [ NPK ]) reported a third-quarter profit of $1.92 per share on October 29, which missed analysts expectations by 54 cents. The Zacks Consensus Estimate for December 2010 decreased 58 cents to a profit of $8.99 per share in the last 60 days as the covering analysts revised downward. Next years estimates dipped 55 cents in the same time period to a profit of $9.55 per share.

HSN, Inc. (Nasdaq: [ HSNI ]) posted third-quarter earnings of 26 cents per share last month, which came in 25% short of the average forecast. Moreover the companya™s reports also marked a 14% year-over-year drop. The Zacks Consensus Estimate for 2010 fell a penny to $1.70 per share over the past week as the 5 covering analysts cut back on expectations. Estimate for 2011 dipped a 4 cents $2.04 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 ]

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at [ http://at.zacks.com/?id=95 ]

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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 to buy or sell any security.

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