www.nasdaq.com/article/...-of-the-tape-cm477221#/ixzz3aEJyLdEr Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is YRC Worldwide Inc. (
YRCW
), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank
#5 (Strong Sell) further confirms weakness in YRCW.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 3 estimates moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from 40 cents a share a month ago to its current level of 24 cents.