Trump Responds to Musk's Hunter Biden 'Twitter Files' As Liberals Melt Down
Now More Than Ever, We Shouldn't Rely on Red Chinese Chipmakers
Time for Tough Questions About Ukraine
The Great Meltdown Is Just Beginning
NBC Is An Appendage Of The DNC (I’ll Let You Decide Which One)
Rogue Virginia ABC Sends Police to Enforce COVID Lockdown
A Quick Bible Study, Vol. 142: Noah, the Flood, and Jesus
Sen. Rand Paul Calls Out Fauci For Saying He Has No Regrets During...
Disgusting Balenciaga Creator Responsible for Child Porn Gets to Keep His Job
Rail Workers Call Out Biden For Showing His 'True Colors'
Only One Democrat Was Concerned With Ethical Issues Regarding Twitter's Suppression of Hun...
DNC Has Lawsuits Coming to Them After Elon Musk Reveals Tweets: 'I Am...
Liberal Reporter Has a Spot-on Take About How the Media Will React to...
As Canada Prepares to Confiscate Guns, Some Provinces Rebel Against the Policy
Fidel Castro Celebrant Raphael Warnock Neck to Neck With Herschel Walker in Georgia...
OPINION

Stocks in the News: Priceline, Wow!

The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.

Stock number one is: 

Priceline.com, (SYMBOL: PCLN) and the headline says: Priceline Reports 24% Earnings Gain – Fox Business

Priceline.com reported 44% international bookings growth in the second quarter and total revenues up 27%, with earnings per share coming in slightly above consensus estimates.  Morgan Stanley said, “We are impressed by Priceline’s ability to outperform amidst tempered European macro conditions,and have higher conviction in its competitive positioning.”

Earnings growth projections have increased to 25, 21, and 20 percent over the next three years.  The PE is 25.  Wall Street is raising estimates again today.

Priceline shares are up 41% since we began recommending them in February.  The stock broke out of another trading range on Monday and rose rapidly.  We would wait for a price pullback before accumulating more shares.

Our Ransom Note trendline says:  HOLD PRICELINE.COM.

PCLN Chart

PCLN data by YCharts

Stock number two is: 

BlackBerry Ltd., (SYMBOL: BBRY) and the headline says: BlackBerry open to going private, sources say -- Yahoo

The stock of smartphone maker BlackBerry Ltd. is up today on rumors that the company is considering going private.  There are no buyers in sight as of yet, but with large annual net losses inevitable in the foreseeable future, the company is contemplating financial strategies which they were formerly unwilling to consider.

We told investors to sell BlackBerry stock, formerly called Research in Motion, three times this year through late June, at which time the price plummeted again.  There is no fundamental reason to buy shares in a company that’s consistently losing money.

Our Ransom Note trendline says..... SELL BLACKBERRY.

BBRY Chart

BBRY data by YCharts

Stock number three is:

Biogen Idec Inc., (SYMBOL: BIIB ) and the headline says: Tecfidera's Launch Tracking Above 2013 Estimates – Citi Research

Biogen Idec’s new multiple sclerosis drug, Tecfidera, continues to experience robust sales above Street estimates since receiving FDA approval in March.  Citi Research says, “The current level of new [prescription] starts is still very robust” and that Biogen has a “deep pipeline that could offer upside surprise.”

Earnings per share growth estimates have increased repeatedly this year, now at 31, 28, and 19 percent over the next three years.  The PE is 25.”

The stock rose $50 per share after we recommended it in March, at which point we said “hold” while it consolidated.  It’s time to buy Biogen again for immediate upside.  Expect it to trade between $213 and $235 in the short-term.

Our Ransom Note trendline says....  BUY BIOGEN IDEC.

BIIB Chart

BIIB data by YCharts

Stocks in the News is produced by Ransom Notes Radio and Goodfellow, LLC. Crista Huff manages Goodfellow LLC, a website that recommends outperforming stocks using fundamental and technical analysis. 


Join the conversation as a VIP Member

Recommended

Trending on Townhall Video