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: 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.
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