2009-11-17 23:06:05 -

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): AirMedia Group Inc. (Nasdaq: AMCN : ) and Titan International, Inc. (NYSE: TWI : ).

Further, Zacks announced #4 Rankings (Sell) on two other widely held stocks: Pinnacle Entertainment, Inc. (NYSE: PNK : ) and Abaxis, Inc. (Nasdaq: ABAX : ).

To see the full Zacks #5 Rank List - Stocks to Sell Now visit: 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 AMCN and TWI 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.



AirMedia Group Inc. (Nasdaq: AMCN : ) posted a third-quarter loss of 15 cents per share on Nov 10, which was 5 cents wider than analysts’ projections. The Zacks Consensus Estimate for the current year widened to a loss of 38 cents per share from a loss of 32 cents in the last 7 days as 5 out of 6 covering analysts pulled back on expectations. Next year’s estimate has fallen 11 cents to a profit of 9 cents per share in the same period.


Titan International, Inc. (NYSE: TWI : ) swung to a third-quarter loss of 32 cents per share last month, compared to analysts’ expectations of a loss of 1 cent. Net sales dropped to $141.5 million from last year’s $255.5 million. For 2009, the Zacks Consensus Estimate is down to a profit of 28 cents per share from 39 cents over the past month as 1 out of 2 analysts revised downward.

Here is a synopsis of why PNK and ABAX 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;


Pinnacle Entertainment, Inc. (NYSE: PNK : ) reported a loss of 21 cents per share for the third quarter on Oct 29, while analysts expected a profit of 3 cents. The Zacks Consensus Estimate for the full year declined 11 cents to a profit of 3 cents per share in the last 30 days as all of the 4 covering analysts reduced on estimates. The following year’s estimate slipped 3 cents to a profit of 3 cents per share over the past week.



Abaxis, Inc. (Nasdaq: ABAX : ) recorded a 6% year-over-year decline in second-quarter profit. On Oct 27, the company reported quarterly earnings 14 cents per share, 3 cents behind the Zacks Consensus Estimate. The full-year average forecast is now 66 cents per share, down from 71 cents in the last month, reflecting cuts by 5 out of 6 analysts. During that time, estimate for next year fell by a penny to a profit of 88 cents per share.

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 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 www.zacks.com/performance : for information about the performance numbers displayed in this press release.

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