CHICAGO--(BUSINESS WIRE)--Jan. 15, 2003--Zacks.com releases details on a group of stocks that are part of their exclusive list of Stocks to Sell Now. These stocks are currently rated as a Zacks Rank #5 (Strong Sell).
Note that since the Zacks Ranks inception in 1980, the list of #5 ranked stocks have under-performed the S&P 500 by 89.8%. While the rest of Wall Street continued to tout stocks during the market declines of the last few years, we were telling our customers which stocks to sell in order to save themselves the misery of unrelenting losses. Among the #5 ranked stocks today we highlight the following companies: MGM MIRAGE (NYSE:MGG) and Smith International, Inc. (NYSE:SII). Further they announced #4 Rankings (Sell) on two other widely held stocks: Lyondell Chemical Company (NYSE:LYO) and MGIC Investment Corporation (NYSE:MTG). To see the full Zacks #5 Ranked list of Stocks to Sell Now then visit: http://stockstosellprbw.zacks.com/
Here is a synopsis of why these stocks have a Zacks Rank of 5 (Strong Sell) and should most likely be sold or avoided for the next 1 to 3 months. Note that a #5/Strong Sell rating is applied to 5% of all the stocks we rank:
MGM MIRAGE (NYSE:MGG) is an entertainment, hotel and gaming company headquartered in Las Vegas, Nevada, which owns and/or operates through subsidiaries casino properties on three continents.
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