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

Google Inc., (SYMBOL:  GOOG) and the headline says:

Google I/O 2013 Is All About Cleaning Up the Mess and Filling In the Gaps– Time Tech

Google Inc. reported a variety of product improvements and tools for developers at its Google I/O 2013 Conference yesterday, solving problems with the Google Wallet checkout process, and introducing a new vector-mapping service in Google Maps.  “The biggest new product launch was arguably Google Play Music All Access, a competitor to subscription services like Spotify,” reports Time Tech.  The music service is being launched today in the U.S.

Google’s earnings are expected to grow 15-18% per year for the next three years.  The PE is 19.9.  Google has $48 billion in cash-on-hand.

The stock broke past long-term resistance in September, and continues to reach new highs.  We wouldn’t chase the stock after its big run-up this month.

Our Ransom Note trendline says:  BUY ON A PULLBACK TO $850.

GOOG Chart

GOOG data by YCharts

Stock number two is

Hess Corp., (SYMBOL: HES) and the headline says:

Hess to Strip CEO of Chairman’s Role After Annual Meeting-- Bloomberg

Oil company Hess Corporation, with $38 billion in annual revenues, plans to replace John B. Hess as Chairman and give the position to former GE CEO John Krenicki at next week’s board meeting. The company is in a proxy battle with Elliott Management Corp. over management of Hess.

The industry has been rife with bad governance.  In recent weeks, Occidental Petroleum, Chesapeake Energy, and Transocean Ltd. have each seen shareholder activists force top-level management changes in order to improve operations.

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!