Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.
Stock number one: Bed Bath & Beyond Inc.
Stocks to Watch: Bed Bath & Beyond, Rite Aid, EBay --Wall Street Journal
Among the companies with shares expected to actively trade in Thursday’s session are Bed Bath & Beyond Inc., Rite Aid Corp. and EBay Inc. Bed Bath & Beyond’sfiscal fourth-quarter earnings fell 11% as the home-furnishings retailer recorded a drop in sales. Shares fell 5.2% to $64.35 premarket.
Trailing PE: 13; Forward PE: 11
Estimate Trend: Down
Ransom Note Trendline: Avoid Bed, Bath and Beyond
Stock number two: MGM Resorts
MGM holds up amid broader downtrend after analyst recommends stock --Fly on the Wall
Shares of MGM Resorts (MGM) are slightly higher in a down market after research firm Stifel said the stock was attractive following its recent retreat. WHAT'S NEW: MGM's stock has come under pressure recently, partly due to concerns over recent data from the Chinese gambling hub of Macau and worries about China's general economic outlook
Trailing PE: NA Forward PE: 42
Estimate Trend: Up
Ransom Note Trendline: Buy MGM
Stock number three: Gogo Inc.
Why Gogo (GOGO) Stock Is Up Today-- The Street.com
Shares of Gogo Inc. are up 5.3% to $20.38 on Thursday following news that the company and Boeing will pursue in-flight connectivity solutions on Boeing commercial aircrafts. The agreement between Gogo, an in-flight connectivity and wireless in-flight digital entertainment solutions company, and Boeing, will initiate the evaluation process for potential installation on new Boeing aircraft orders.
Trailing PE: NA; Forward PE: NA
Estimate Trend: Up
Ransom Note Trendline: Avoid GoGo
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