Welcome to John Ransom's Stocks In The News, where the headline meets the trendline.
Stocks in the News is produced by Ransom Notes Radio and Goodfellow, LLC. Crista Huff manages Goodfellow LLC, a website that recommends outperforming stocks using fundamental and technical analysis.
Stock number one is:
Medtronic Inc., (SYMBOL: MDT) and the headline says:
Medtronic Announces FDA Approval of Cardiac Therapy Devices -- Yahoo! News
Medtronic Inc., the world’s biggest supplier of heart-rhythm devices, won FDA approval for its Viva device, which resynchronizes the beating of the heart in heart failure patients. The device provides cost savings for the patient, fewer hospital and doctor visits, and has a 25% longer battery life vs. older heart therapies.
Earnings are projected to grow 4-7% per year for the next three years. The PE is 13, and has ranged from 9 to 16 in the last three years.
The stock is breaking out of a three-year trading range and heading toward resistance around $50.
Stock number two is:
Tyson Foods Inc., (SYMBOL: TSN) and the headline says:
Tyson Foods Net Falls 43% on Higher Costs -- Dow Jones Newswire