Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: Walgreen Co.
Walgreen turns down inversion that would cut tax bill. —The LA Times
Walgreen Co. plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization that would have trimmed its U.S. taxes but which drew political scorn.
The nation's largest drugstore chain, which bills itself as "America's premier pharmacy," said Wednesday that it will buy the remaining stake in Swiss health and beauty retailer Alliance Boots that it does not already own.
Symbol: WAG
Trailing PE: 21; Forward PE: 16
PEG: 1.16
Dividend: 1.7%
Estimate Trend: Mixed
Ransom Note Trendline: Avoid Walgreens
Stock number two: Sprint Corporation
Sprint May Finally Be Ready for Lift-Off as the Bears Descend--The Street.com
Right now it seems no one likes Sprint (S_).
Its decision to stop pursuing a merger with T-Mobile US (TMUS_) caused a drop of 20% in the shares in just one day. Sprint opened today at $6, then dropped 10 cents, a price last seen in October. It is now at $5.93, down 45% for the year to date and down nearly 15% for the past 52 weeks. Most analysts have moved on to looking at other potential T-Mobile merger partners.
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Symbol: S
Trailing PE: NA; Forward PE: NA
PEG: NA
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid Sprint
Stock number three: United States Steel Corp.
U.S Steel is up 30% in 30 days--Yahoo Finance
U.S. Steel (X) has had a rough few years to say the least (Down 80% from its 2007 highs) What has steel done for investors of late?Steel is up almost 30% in 30 days!!!
How X handles the dual resistance coming into play at (1) in [its chart] will tell us a ton in regards to Steel recouping more of its huge losses over the past few years!
Can X hurdle this dual resistance….stay tuned and keep stops in place!
Symbol: X
Trailing PE: NA; Forward PE: 15
PEG: 2.83
Dividend: 0.80%
Estimate Trend: Up
Ransom Note Trendline: Hold US Steel
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