GoGo Gone?

John Ransom | April 10, 2014 4:01 PM

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

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Stock number one: Bed Bath & Beyond Inc.

Stocks to Watch: Bed Bath & Beyond, Rite Aid, EBay --Wall Street Journal

Among the companies with shares expected to actively trade in Thursday’s session are Bed Bath & Beyond Inc., Rite Aid Corp. and EBay Inc. Bed Bath & Beyond’sfiscal fourth-quarter earnings fell 11% as the home-furnishings retailer recorded a drop in sales. Shares fell 5.2% to $64.35 premarket.

Symbol: BBBY

Trailing PE: 13; Forward PE: 11

PEG: 1.23

Dividend: NA

Estimate Trend: Down

Ransom Note Trendline: Avoid Bed, Bath and Beyond

BBBY data by YCharts

Stock number two: MGM Resorts

MGM holds up amid broader downtrend after analyst recommends stock --Fly on the Wall

Shares of MGM Resorts (MGM) are slightly higher in a down market after research firm Stifel said the stock was attractive following its recent retreat. WHAT'S NEW: MGM's stock has come under pressure recently, partly due to concerns over recent data from the Chinese gambling hub of Macau and worries about China's general economic outlook

Shares of Gogo Inc. are up 5.3% to $20.38 on Thursday following news that the company and Boeing will pursue in-flight connectivity solutions on Boeing commercial aircrafts. The agreement between Gogo, an in-flight connectivity and wireless in-flight digital entertainment solutions company, and Boeing, will initiate the evaluation process for potential installation on new Boeing aircraft orders.

Symbol: GOGO

Trailing PE: NA; Forward PE: NA

PEG: -1.45

Dividend: NA

Estimate Trend: Up

Ransom Note Trendline: Avoid GoGo