Three stocks have been added to the Zacks Rank #5 (Strong Sell) List as of today: BRC Inc. (BRCC), Cenovus Energy Inc. (CVE), and AG Mortgage Investment Trust, Inc. (MITT). BRC Inc. has seen a 33.3% downward revision to its current year earnings estimate over the last 60 days. Cenovus Energy’s earnings estimate has been revised down by 24.5%, while AG Mortgage’s has seen a 17.5% decrease.
BRC Inc. specializes in coffee and branded apparel, Cenovus Energy focuses on crude oil and natural gas production, and AG Mortgage is a residential mortgage REIT. These downward revisions reflect a growing concern among investors regarding their financial forecasts.
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