Avoid This Bounce

John Ransom | October 14, 2014 1:55 PM

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

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Stock number one: Intel Corporation

Intel Q3 Earnings Cheat Sheet-- Yahoo

Event:INTC reports its Q3 earnings today after the close . The options market is implying about a 6% one day move, which is slightly above both the 4 qtr avg of about 3.5%, and the 8 qtr avg of about 3.25%.

Sentiment:Wall Street analysts are neutral on the stock, with 22 buys, 25 holds, and 5 sells, and an average 12 month price target of around $35.Even with the recent weakness in the semiconductor sector, INTC is still up 25% year-to-date.Short interest is at a 2 year low, around 2.5% of the float.

Symbol: INTC

Trailing PE: 16; Forward PE: NA

PEG: NA

Dividend: 2.80%

Estimate Trend: Split

Ransom Note Trendline: Avoid Intel

Stock number two: JPMorgan Chase & Co

JPMorgan Swings to Third-Quarter Profit, Misses Estimates--Bloomberg

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, swung to a profit in the third quarter from a loss a year earlier as debt-trading revenue rose and legal costs narrowed. The stock, up 7 cents to $58.23 at 1:08 p.m. in New York, fell as much as 3.6 percent earlier after $1 billion in legal expenses caused earnings to miss some analysts' estimates.

The WHO reported 8,914 suspected or confirmed Ebola cases and 4,447 resultant deaths. This trend is "relatively flat" at approximately 1,000 new cases per week for the last three to four weeks, according to Bruce Aylward, the WHO assistant director-general who oversees the organization's operations in West Africa.

Symbol: AAL

Trailing PE: NA; Forward PE: 4.63

PEG: 0.11

Dividend: 1.30%

Estimate Trend: NA

Ransom Note Trendline: Avoid American Airlines