Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: The Coca-Cola Company
Will Coca-Cola (KO) Beat Earnings on Better Volumes?—Zacks
We expect The Coca-Cola Company (KO) to beat expectations when it reports second-quarter fiscal 2014results on Jul 22. Last quarter, the company delivered in-line earnings..
Symbol: KO
Trailing PE: 23; Forward PE: 19
PEG: 3.03
Dividend: 2,90%
Estimate Trend: Up
Ransom Note Trendline: Hold Coca Cola
Stock number two: AK Steel Holding Corporation
Russia's Severstal sells U.S. steel plants to AK steel, Steel Dynamics--Reuters
Severstal will sell its Columbus unit in Mississippi and Dearborn unit in Michigan to Steel Dynamics and AK Steel Corp respectively, a sale that may allow the Russian company pay an extra dividend and reduce debt. AK Steel's stock initially rose 4 percent to a two-year high, but later gave up all gains to trade down 4 percent, suggesting investors were unhappy with the $700 million paid for a plant that has weighed on Severstal's North American results.
Symbol: AKS
Trailing PE: NA; Forward PE: 9
PEG: NA
Dividend: NA
Estimate Trend: Up
Ransom Note Trendline: Buy AK Steel
Stock number three: CVR Refining, LP
CVR Energy Declares $2.00 Special Dividend--PR Newswire
CVR Energy, Inc. (CVI) ("CVR Energy") announced today that its board of directors has declared a special dividend of $2.00 per share payable on Aug. 4, 2014, to stockholders of record at the close of business on July 28, 2014. The total amount of the special dividend payment will be approximately $174 million and brings the company's cumulative dividends declared in 2014 to approximately $304 million.
Symbol: CVI
Trailing PE: 6; Forward PE: 11
PEG: -0.49
Dividend: 14.50%
Estimate Trend: Flat
Ransom Note Trendline: Hold CVI
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