Crista Huff
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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: 

Adobe Systems Inc., (SYMBOL: ADBE) and the headline says:

Adobe Profit Tops Estimates on Cloud Subscriber Growth -- Bloomberg

Software company Adobe Systems beat quarterly profit expectations on surprising momentum with its new Creative Cloud product.  The company is sacrificing short-term revenue and earnings from traditional up-front software purchases, and implementing a monthly subscription model for its popular graphic-design products.

Earning were previously expected to grow 22% per year for the next two years.  Investors can now expect a rash of upward earnings revisions.

The stock chart is bullish, currently trading between $42 and $47.

Our Ransom Note trendline says:  BUY ADOBE SYSTEMS.

ADBE Chart

ADBE data by YCharts

Stock number two is: 

FedEx Corp., (SYMBOL: FDX) and the headline says:

FedEx Sees 2014 Profit Gain Up to 13% Amid Cutting Costs -- Bloomberg

FedEx stock is up after reporting fourth quarter earnings & operating margins which handily beat estimates.  The company announced plans to buy out 3600 employees, park older planes and engines, and cut capacity to Asia as part of a $1.7 billion dollar cost-cutting program.

Revised 2014 & ’15 earnings growth is expected at 13 and 23%.

The stock broke out of a long-term trading range this year, and is trading between $90 and $110.  On June 4, we said to accumulate FedEx shares below $98.  That opportunity came and went, but investors may still be able to buy under $100 near-term.

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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.
 
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