Crista Huff

Stock number one is: 

Priceline.com, (SYMBOL: PCLN) and the headline says: Priceline Reports 24% Earnings Gain – Fox Business

Priceline.com reported 44% international bookings growth in the second quarter and total revenues up 27%, with earnings per share coming in slightly above consensus estimates.  Morgan Stanley said, “We are impressed by Priceline’s ability to outperform amidst tempered European macro conditions,and have higher conviction in its competitive positioning.”

Earnings growth projections have increased to 25, 21, and 20 percent over the next three years.  The PE is 25.  Wall Street is raising estimates again today.

Priceline shares are up 41% since we began recommending them in February.  The stock broke out of another trading range on Monday and rose rapidly.  We would wait for a price pullback before accumulating more shares.

Our Ransom Note trendline says:  HOLD PRICELINE.COM.

PCLN Chart

PCLN data by YCharts

Stock number two is: 

BlackBerry Ltd., (SYMBOL: BBRY) and the headline says: BlackBerry open to going private, sources say -- Yahoo

The stock of smartphone maker BlackBerry Ltd. is up today on rumors that the company is considering going private.  There are no buyers in sight as of yet, but with large annual net losses inevitable in the foreseeable future, the company is contemplating financial strategies which they were formerly unwilling to consider.

We told investors to sell BlackBerry stock, formerly called Research in Motion, three times this year through late June, at which time the price plummeted again.  There is no fundamental reason to buy shares in a company that’s consistently losing money.

Our Ransom Note trendline says..... SELL BLACKBERRY.

BBRY Chart

BBRY data by YCharts

Stock number three is:


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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