2009-10-16 23:08:02 -

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): Hooker Furniture Corp. (Nasdaq: HOFT : ) and Copart, Inc. (Nasdaq: CPRT : ).

Further, Zacks announced #4 Rankings (Sell)

on two other widely held stocks: CLARCOR Inc. (NYSE: CLC : ) and Analogic Corp. (Nasdaq: ALOG : ).

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 HOFT and CPRT 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.



Hooker Furniture Corp. (Nasdaq: HOFT : ) saw a 29% decline in second-quarter sales to $18.7 million thanks to the ongoing headwinds in the retail sector. The company posted a loss of 5 cents per share on Sept 10, against analysts’ expectations for a profit of 7 cents. It had earned 18 cents per share in the year-ago quarter.
For the full year, the Zacks Consensus Estimate is 22 cents per share, a decrease from 42 cents over the past two months.



Copart, Inc. (Nasdaq: CPRT : ) announced fourth-quarter earnings of 41 cents per share on Sept 23, reflecting a 15% year-over-year decrease. EPS results came in 3 cents short of the Zacks Consensus Estimate. Revenues fell 10.6% to $184.33 million. The last month has seen downward revisions by all 7 covering analysts, sending the Zacks Consensus Estimate for the current year down to $1.81 from $1.95 per share.

Here is a synopsis of why CLC and ALOG 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;


CLARCOR Inc. (NYSE: CLC : ) lowered its full-year profit outlook for the third time and now expects earnings of $1.30 to $1.40 per share, down from its June forecast of $1.40 to $1.60. The Zacks Consensus Estimate for the current year is pegged at $1.37 per share. On Sept 16, Clarcor earned 42 cents for the third quarter, which was 3 cents behind analysts’ estimates.


Analogic Corp. (Nasdaq: ALOG : ) posted a fourth-quarter profit of 10 cents per share on Sept 24, which marked an 82% decline, compared to last year's figures. Analogic’s quarterly earnings missed analysts’ expectations by 57% as revenues slipped to $98.3 million from $117.1 million. The Zacks Consensus Estimate for the year is currently $1.21 per share down from the month-ago projection of $1.49.

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.

Zacks “Profit from the Pros” 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 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 at.zacks.com/?id=95 :

Follow us on Twitter: twitter.com/zacksresearch :

Join us on Facebook: www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553 .. :

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

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.



Contact: Michael VodickaCompany: Zacks.comPhone: 312-265-9226Email:
pr@zacks.com : mailto:pr@zacks.com Visit: www.Zacks.com :