No Value in Value Play Pier 1

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

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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.

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