Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: General Motors Company
GM Ignition Switch Deaths Rise to 29-- Bloomberg
Deaths tied to General Motors Co.’s defective ignition switches rose to 29, according to Kenneth Feinberg, who is handling claims related to the controversy.
Feinberg spoke today in an interview on Bloomberg Television.
Symbol: GM
Trailing PE: 25; Forward PE: 7
PEG: 0.73
Dividend: 3.90%
Estimate Trend: Down
Ransom Note Trendline: Avoid GM
Stock number two: Jarden Corp
Jarden 3Q profit climbs; company plans stock split--Associated Press
Jarden Corp. (JAH) said Thursday its net income and revenue climbed in the third quarter as sales of branded products rose.
The owner of brands including Crock-Pot, Mr. Coffee, Coleman camping gear and Yankee Candle said its net income grew to $108.6 million, or 87 cents per share. Excluding one-time gains and costs, the company said its profit totaled $1.17 per share. Its revenue rose 19 percent to $2.14 billion in the period, as branded product sales increased 50 percent.
Symbol: JAH
Trailing PE: 41; Forward PE: 14
PEG: 1.25
Dividend: NA
Estimate Trend: Up
Ransom Note Trendline: Hold Jarden
Stock number three: Flotek Industries Inc.
Why Flotek (FTK) Stock Closed Higher Today—The Street.com
Shares of Flotek Industries Inc. (FTK) closed up 9.78% to $23.68 on heavy trading volume today after the company reported 2014 third quarter revenue of $116.8 million, compared to $98.4 million for the same period a year ago.
The global supplier of drilling and production products reported net income of $14.3 million, or 26 cents per common share, compared to net income of $9 million, or 16 cents per common share for the same period a year ago, beating analysts' estimates of 24 cents a share.
Symbol: FTK
Trailing PE: 30; Forward PE: 18
PEG: 1.17
Dividend: NA
Estimate Trend: NA
Ransom Note Trendline: Avoid Flotek