Stock number one is:
Comcast Corp., (SYMBOL: CMCSA) and the headline says:
Comcast Earnings: Profit Rises on Higher Cable, NBC Revenue – The Wall Street Journal
Comcast reported an outstanding second quarter, surpassing Wall Street estimates on revenue, earnings, cash flow, and new subscribers. The successes spanned both its cable TV, voice and internet services; and its wholly-owned NBC Universal unit. In addition, Comcast is launching the X1 Platform entertainment operating system from Xfinity in Michigan, representing an innovative TV entertainment experience.
Wall Street expects Comcast’s earnings to grow 24, 16, and 18% over the next three years. The PE is 19 and the dividend yield is 1.7%.
On June 10, we told listeners to buy Comcast shares. The stock has risen 10% since then. There’s much more upside to Comcast stock.
Our Ransom Note trendline says: BUY COMCAST.
Stock number two is:
Weatherford Int'l Ltd., (SYMBOL: WFT) and the headline says:
Weatherford Reports Second Quarter 2013 Results -- Reuters
Oil & gas service company Weatherford International reported second quarter revenue and earnings in line with Wall Street estimates, with significant improvements in free cash flow and capital expenditures. North American and Latin American revenue and earnings are expected to improve later this year.
Wall Street expects earnings per share to grow 38%, 58% and 33% in the next three years. The PE is 17.7.
On April 8, we told listeners to buy Weatherford shares in the wake of GE’s offer to buy competitor Lufkin Industries. The stock is up 13% since then, and there’s lots more room for appreciation, based on aggressive earnings growth, low valuation, bullish chart, and takeover speculation.
Our Ransom Note trendline says..... BUY WEATHERFORD INT'L.
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