Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
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Stock number one: Pier 1 Imports, Inc
Can Pier 1 Imports Regroup?—24/7 WallStreet
Pier 1 Imports Inc. (NYSE: PIR) took a hit on Wednesday when it released its earnings after the market closed. The overall reception was not positive and is, in fact, indicative of a transitional period within the company as it attempts to “rapidly evolve” into its new business model.
The company reported its earnings at $0.10 per share and $419 million in revenues. Wall Street analysts had estimates of $0.14 in earnings per share and $426 million in revenues.
Symbol: PIR
Trailing PE: 13; Forward PE: 10
PEG: 0.89
Dividend: 1.60%
Estimate Trend: NA
Ransom Note Trendline: Avoid Pier 1 Imports
Stock number two: Oracle Corporation
Notable earnings expected on Thursday include Oracle --Benzinga
Oracle Corporation (NYSE: ORCL) is expected to report first quarter EPS of $0.64 on revenue of $8.77 billion, compared to last year’s EPS of $0.59 on revenue of $8.77 billion.
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Symbol: ORCL
Trailing PE: 17; Forward PE: 12
PEG: 1.37
Dividend: 1.20%
Estimate Trend: Up
Ransom Note Trendline: Buy Oracle
Stock number three: Ambarella, Inc.
Stocks Push Higher; Dow, S&P 500 Hit All-Time Highs --Investor's Business Daily
In the stock market today, heavy-volume movers to the upside include Ambarella (NASDAQ: AMBA). Shares jumped 6% to a fresh all-time high.
Symbol: AMBA
Trailing PE: 48; Forward PE: 24
PEG: NA
Dividend: NA
Estimate Trend: Up
Ransom Note Trendline: Hold Ambarella
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