Stock number one: Time Warner Cable
Wall Street Is Skeptical of Comcast’s Deal for Time Warner Cable--Wall Street Journal
From the way the stocks are trading to the immediate analyst reactions, Wall Street is skeptical Comcast Corp.'s $45 billion bid for Time Warner Cable will be finalized in its current form. Time Warner Cable shares are trading at around $145, up 7% on Thursday, but well below the offer price. Time Warner Cable shareholders will swap each share for 2.875 Comcast shares in the all-stock deal, valuing the company at $158.82 per share based on Comcast’s closing price Wednesday.
Trailing PE 22; Forward PE: 17
Estimate Trend: Up
Ransom Note Trendline: Sell Time Warner
Stock number two: Orbitz Worldwide, Inc
Online travel agencies climb after Orbitz results surpass expectations- Fly on the Wall
Shares of online travel agencies are advancing after one of the companies in the sector, Orbitz Worldwide (OWW), reported stronger than expected fourth quarter results. WHAT'S NEW: Orbitz Worldwide reported fourth quarter earnings per share of 5c, versus the consensus estimate of 0c. The company's revenue came in slightly higher than expected.
Trailing PE: NA Forward PE:31
Estimate Trend: Flat
Ransom Note Trendline: Hold Orbitz
Stock number three: Whole Foods Market, Inc
Whole Foods Markets falls on growth outlook- Financial Times
Shares in upscale US grocer Whole Foods Market tumbled on Thursday after the company trimmed the top end of its outlook and reported same-store sales at its oldest stores grew at the slowest pace in at least two years. The purveyor of organic kale said it expected revenues to grow between 11 and 12 per cent in fiscal 2014, below earlier guidance of growth of as much as 13 per cent. Whole Foods forecast earnings would rise 7 to 12 per cent, less than the 12 to 15 per cent advance previously forecast.
Trailing PE: 35; Forward PE: 26
Estimate Trend: Flat
Ransom Note Trendline: Sell Whole Foods
NEW TIME Today, at 9:30 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for November 26th, 2014 | John Ransom