Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: Amazon.com Inc.
Amazon gains on June event—MarketWatch
Amazon.com AMZN +6.25%shares advanced 6.8% after the company’s announcement of an event on June 18 to launch a new device prompted speculation that it may unveil a smartphone that would put it in direct competition with Apple Inc. AAPL +0.31%and Samsung Electronics Co. KR:005930 -0.88% .
Symbol: AMZN
Trailing PE: 509; Forward PE: 100
PEG: 6.09
Dividend: NA
Estimate Trend: Flat
Ransom Note Trendline: Avoid Amazon
Stock number two: Apple
Apple iWatch expected to debut with iPhone 6 this fall--Investor's Business Daily
iWatch is likely to be unveiled with the iPhone 6 in September, reports an analyst attending a major tech show in Taiwan currently underway.
Wearable technology is the major theme at Computex Taipei, where analyst Brian White of Cantor Fitzgerald said information he collected "highlighted that initial production of certain iWatch components is scheduled to begin later this month," with plans for a sharp acceleration into fall.
Symbol: AAPL
Trailing PE: 15; Forward PE: 13
PEG: 0.96
Dividend: 2.10%
Estimate Trend: Up
Ransom Note Trendline: Buy Apple
Stock number three: Whole Foods Market, Inc
Whole Foods advances after analyst initiates with $48 target--Fly on the Wall
Shares of Whole Foods (WFM) are climbing after research firm Imperial Capital initiated coverage of the shares with an Outperform rating, saying that the recent decline in the stock has created an attractive entry point. WHAT'S NEW: Whole Foods is continuing to gain market share, and its profits can grow at a compound annual growth rate of 12% over the next three years, Imperial analyst Mitchell Pinheiro wrote in a note to investors last night.
Symbol: WFM
Trailing PE: 26; Forward PE: 23
PEG: 1.82
Dividend: 1.30
Estimate Trend: Up
Ransom Note Trendline: Avoid Whole Foods
