Crista Huff

Welcome to John Ransom's Stocks In The News, where the headline meets the trendline.

Stocks in the News is produced by Ransom Notes Radio and Goodfellow, LLC. Crista Huff manages Goodfellow LLC, a website that recommends outperforming stocks using fundamental and technical analysis.

Stock number one is:

Stock number one is Bank of America Corp. (SYMBOL: BAC ) and the headline says:

BofA Chief Moynihan Said to Summon Managers for Revenue Push (Bloomberg)

“Bank of America CEO Brian Moynihan has summoned more than 100 of his regional leaders to a private meeting today where they’ll be pushed to boost the lender’s flagging revenue,” reports Bloomberg.  BofA’s revenue fell 17% in 2011 and another 9% in 2012.

The revenue push will be modeled after Citibank’s famed “Financial Supermarket” concept, which emphasized cross-selling banking, mortgage and investment services to customers.

Projected earnings per share are rising at BofA after a string of losses.  The stock price has risen to a trading range of $11-$15.  Bottom-feeders are finally being rewarded with capital gains, but we wouldn’t recommend people throwing money at BofA shares.

Our Ransom Note trendline says: HOLD BANK OF AMERICA

BAC Chart

BAC data by YCharts

Stock number two is

Global Payments Inc. (SYMBOL: GPN) and the headline says:

Global Payments has Disappointing Quarter vs. Consensus Expectations (Citi Research)

Global Payments Inc., a provider of e-payment processing services, reported third quarter revenue, operating income and earnings per share slightly below expectations.  Citi Research is maintaining  a buy rating on the stock.

Earnings per share are projected to grow 5% this year at Global Payments, while competitors Visa (V) and MasterCard (MA) have projected earnings growth of over 15% for 2013 and more bullish charts.  We recommended Visa & MasterCard on March 28. 

We see no reason to chase less successful companies in the stock market when investors can maximize potential capital gains by going with industry leaders.

Crista Huff

Crista Huff is a retired stockbroker from a NYSE member investment firm. She writes about market-timing at Goodfellow LLC and is active politically.
TOWNHALL DAILY: Be the first to read Crista Huff's column. Sign up today and receive daily lineup delivered each morning to your inbox. Release of Liability: Through use of this website viewing or using you agree to hold and its employees harmless and to completely release and its employees from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. Goodfellow LLC and its employees are not paid by third parties to promote nor disparage any investment. Recommendations are based on hypothetical situations of what we would do, not advice on what you should do. Neither Goodfellow LLC nor its employees are licensed investment advisors, tax advisors, nor attorneys. Consult with a licensed investment advisor and a tax advisor to determine the suitability of any investment.

Get the best of Townhall Finance Daily delivered straight to your inbox

Follow Townhall Finance!