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Tipsheet

Apple Still Sweet

Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.

Click here to listen to Ransom Notes Radio live or for archives of previous shows.

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Stock number one: Ebay

EBay will spin off PayPal, giving in to Carl Icahn-- LA Times

Online marketplace EBay Inc. is bowing to investor pressure by spinning off its payment business PayPal into a separate publicly-traded company by 2015.

Wall Street cheered the news Tuesday and pushed up shares of EBay by 6.8% to $56.24 in morning trading.

The move is a sharp reversal for the San Jose company, which had spent months fighting activist shareholder Carl Icahn, who had argued both businesses would benefit from a split.

Symbol: EBAY

Trailing PE: NA; Forward PE: 17

PEG: 1.41

Dividend: NA

Estimate Trend: Down

Ransom Note Trendline: Hold Ebay

Stock number two: Teekay Corporation

Why Deutsche Bank Upgraded Teekay --Barron's

Shares of Teekay (TK) have surged more than 15% this morning after the shipping company announced a new dividend policy after yesterday’s close. Deutsche Bank’s Amit Mehrotra think the news is good enough to be worthy of an upgrade for Teekay.

Symbol: TK

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Trailing PE: NA; Forward PE: 38

PEG: 2.21

Dividend: 4.00% +/-

Estimate Trend: Up

Ransom Note Trendline: Buy Teekay

Stock number three: Apple

Apple’s IPhone Pay System Casts Shadow on PayPal Spinoff --Bloomberg

Apple Pay and some of the other services stand out against PayPal for a key reason. Right out of the gate, Apple Pay is ready for consumers to make transactions with their mobile devices at different merchants. That mobile-ready aspect is an area where PayPal, which has roots as a facilitator of payments through websites, hasn't been as dominant. EBay has made acquisitions to help speed the transition, including paying $800 million for mobile-payments startup Braintree last year.

Symbol: AAPL

Trailing PE: 16; Forward PE: 14

PEG: 1.30

Dividend: 2.00

Estimate Trend: Up

Ransom Note Trendline: Buy Apple


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