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:
Facebook Inc., (SYMBOL: FB) and the headline says:
Facebook Revenue Exceeds Estimates on Mobile Advertising -- Bloomberg
Facebook, the global social network icon, reported first quarter sales up 38% from a continued surge in mobile advertising. “So far this year, Facebook has introduced new software for smartphones, added tools for marketers and revamped News Feed, the first thing members see when logging onto the network of more than 1 billion,” reports Bloomberg.
Earnings per share are projected to rise 8% this year, then 37% next year. The PE is 50. Morgan Stanley Research says, “We believe investors should aggressively build positions now for catalysts approaching over the next 6-12 months,” and that “management is effectively balancing user happiness with new revenue products.”
In February, we told investors to avoid Facebook shares when the price was on a downturn. The recent correction appears to be ending. Investors should jump in here.
Our Ransom Note trendline says: ACCUMULATE FACEBOOK SHARES.
Stock number two is:
Ford Motor Co., (SYMBOL:F) and the headline says:
Ford Leads U.S. Carmakers’, Building on 1Q Sweep -- Bloomberg
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