Stock number one is:
Ciena Corp., (SYMBOL: CIEN) and the headline says: CIENA REPORTS FISCAL THIRD QUARTER 2013 FINANCIAL RESULTS -- Reuters
Network specialist Ciena Corporation surprised Wall Street with a strong earnings beat, record quarterly revenue of $538 million, and expectations of record revenues again in the fourth quarter.
Ciena has not earned a full-year profit since 2008, but is on track for solid profits this year, climbing another 88% next year to record numbers. Caution is warranted, as the PE is 44, and the company has a very high long-term debt ratio.
Ciena shares are up 21% since we called Ciena a trading buy on June 6. The stock will likely trade between $21 - $23.50 in the short-term, then break out on the upside, with medium-term resistance at $28. Experienced traders and aggressive growth investors should try to buy on a bounce to $21.
Our Ransom Note trendline says: BUY CIENA CORP.
Stock number two is:
Ford Motor Company, (SYMBOL: F) and the headline says: U.S. auto sales on pace for best month since November 2007 -- Reuters
Ford reported August retail sales up 20 percent to their highest levels since 2006, with total sales up 12.2%. Fourth-quarter production will be up 7 percent year-over-year.
Earnings are expected to grow 9% this year, rising to 14 and 25 percent growth in 2014 & ’15. The PE is 11, and the dividend yield is 2.37%.
Ford shares are up 26% since we said “buy” on May 2. We then cautioned investors after two big price run-ups since May, but now that the August price correction appears to be over, we are again bullish on Ford shares. There’s medium-term resistance just under $19.
Our Ransom Note trendline says..... BUY FORD MOTOR COMPANY.
Stock number three is:
Moody's Puts Puerto Rico on Downgrade to Junk Review Citing Very High Debt, Pension Obligations, Chronic Deficits; Exodus Underway | Mike Shedlock
Radical Capitalism: A remote Indonesian village runs its own telecommunications company. (From a laptop and a tree) | Nick Sorrentino
Open Letter to Obama and Congress From Internet Giants Calls For Reining In Government Surveillance | Nick Sorrentino
(An important interview) Saving the Net from the surveillance state (And Crony Media): Glenn Greenwald speaks up (Q&A) | Nick Sorrentino