Key insights
- Zacks Investment Research identified AllianceBernstein, Baker Hughes, and Ashland as 'Strong Sell' stocks due to downward revisions in their current year earnings estimates. While this indicates negative sentiment, the limited scope and Zacks' ranking system's nature suggest a weak bearish influence on the broader U.S. equity market.
Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:
AllianceBernstein AB is a publicly owned investment management company. The Zacks Consensus Estimate for its current year earnings has been revised nearly 6% downward over the last 60 days.
Baker Hughes Company BKR provides oilfield services, industrial energy technologies, and climate solutions worldwide. The Zacks Consensus Estimate for its current year earnings has been revised 10.8% downward over the last 60 days.
Ashland Inc. ASH makes specialty ingredients and additives for pharmaceutical, personal care, industrial, and consumer markets. The Zacks Consensus Estimate for its current year earnings has been revised 8.4% downward over the last 60 days.
View the entire Zacks Rank #5 List.
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AllianceBernstein Holding L.P. (AB) : Free Stock Analysis Report
Ashland Inc. (ASH) : Free Stock Analysis Report
Baker Hughes Company (BKR) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research