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.
Stock number one: Carbonite, Inc.
Carbonite beats by $0.07, beats on revs—Briefing.com
Carbonite beats by $0.07, beats on revs; guides Q2 EPS in-line, revs above consensus; guides FY14 EPS above consensus, revs in-line (CARB) : Reports Q1 (Mar) earnings of $0.02 per share, excluding non-recurring items, $0.07 better than the Capital IQ Consensus Estimate of ($0.05); revenues rose 18.8% year/year to $29.1 mln vs the $28.58 mln consensus.
Symbol: CARB
Trailing PE: NA; Forward PE: NA
PEG: -2.39
Dividend: NA
Estimate Trend: Flat
Ransom Note Trendline: Avoid Carbonite
Stock number two: JPMorgan Chase & Co.
JPMorgan Vice Chairman Ponti Leaving for Health-Care Fund —Bloomberg
Andrea Ponti, JPMorgan Chase & Co. (JPM)’s vice chairman of global health-care investment banking, is preparing to leave and set up an investment firm targeting the industry. Rakesh Patel and Cathrin Petty will continue to run JPMorgan’s health-care investment banking business in Europe, the Middle East and Africa, according to a memo from Laurence Hollingworth, head of EMEA coverage, that was obtained by Bloomberg News. The contents of the document were confirmed by a spokeswoman for the bank in London.
Symbol: JPM
Trailing PE: 14; Forward PE: 9
PEG: 1.82
Dividend: 2.90%
Estimate Trend: Up
Price to Book: 1.03
Ransom Note Trendline: JP Morgan
Stock number three: Coach, Inc.
Coach earnings plunge as US sales tumble--FT.com
Coach shares tumbled by nearly 10 per cent after the US accessories group reported worse than expected quarterly earnings and a sharp dip in North American sales.
Sales in stores open at least a year fell 21 per cent in the group’s core home market, missing Wall Street estimates of a 15 per cent decline. It blamed a later than usual Easter and wet weather for its poor performance.
Symbol: COH
Trailing PE: 13; Forward PE: 14
PEG: 2.12
Dividend: 2.70%
Estimate Trend: Mixed
Ransom Note Trendline: Avoid Coach
Join the conversation as a VIP Member