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.
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.
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Monday April 21st, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 16th, 2014 | John Ransom